Paloma Offshore

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Focus Area

Matagorda Island Block 665 Field

Dates

February 2005 to May 2006

Financial Partner

Macquarie Americas Corp

Project Highlights

Acquired 14,000 net acres and two platforms from ExxonMobil
Identified an extensive inventory of development opportunities
Tripled net proved reserves to 33 bcfg

Disposition

Sold to Anglo-Suisse Offshore Partners, LLC