Black Elk Energy Offshore Operations, LLC Announces another Milestone in their 2013 Capital Campaign

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Created on Monday, 23 September 2024 11:07

FOR IMMEDIATE RELEASE
Media Contact:
Leslie Hoffman
281.598.8660
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Houston, TX - 23 September 2024 - Black Elk Energy Offshore Operations, LLC ("Black Elk Energy"), an independent oil and gas company headquartered in Houston, announced another milestone in their 2013 Capital Campaign with the successful drilling and completion of Vermilion 408 Well No. A-1 Sidetrack. The recently completed well is flowing 717 barrels of oil per day ("boepd") at 2,500 psi flowing tubing pressure. The A-1 Sidetrack is the seventh successful capital project Black Elk Energy has completed in 2013.

The Vermilion 408 field is now at 1,477 boepd, which has not been accomplished since 2008. Black Elk Energy's team continues to focus on creating exceptional returns on oil and gas by discovering underestimated value through development drilling.

"I am thrilled to report the continued success of our 2013 Capital Campaign", says John Hoffman, President and Chief Executive Officer of Black Elk Energy. "This project marks our seventh successful completion and truly demonstrates the outstanding capabilities of our team. We are in the process of completing our eighth project of the 2013 Capital Campaign and have a 2014 Capital Campaign outlined that is equally as accretive to Black Elk."

About Black Elk Energy Offshore Operations, LLC

Black Elk Energy Offshore Operations, LLC (www.blackelkenergy.com) is an independent oil and gas company headquartered in Houston, Texas. The Company’s seasoned industry executives have extensive exploitation experience and knowledge with a demonstrated track record of increasing reserves and production while lowering costs. Our team of professionals is dedicated to performing to the highest industry standards, operating within regulatory requirements, and maintaining its stance as a good corporate citizen.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of Black Elk Energy Offshore Operations, LLC ("Black Elk Energy") and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, and involve known and unknown risks and uncertainties. Although Black Elk Energy believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Black Elk Energy’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Black Elk Energy’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at www.sec.gov. All forward-looking statements attributable to Black Elk Energy or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, Black Elk Energy does not assume a duty to update these forward-looking statements.