Production in September was up 59 barrels of oil and revenue increased US$2778 from the previous month, the company said. Last month it generated 367 barrels for a net revenue of US$16,762, while August saw 308 barrels for US$13,984 revenue.

Its activities were not interrupted during the quarter’s hurricane activity in the southern parts of Louisiana, as the company’s assets are well inland in the north of the state, it said.

Chairman Tim Johnston says progress on field operations is pleasing and in line with expectations.

“A large proportion of the wells have now been prepared and will be brought into production immediately following evaluation,” Walker said.

“The company is now in an excellent position to expand production and revenue in the months ahead.”

Louisiana Petroleum has a 100% working interest in the Caddo Pine Island Field project, which comprises five leases and associated infrastructure.

From late August to mid-October, a workover rig serviced 68 wells now under evaluation to either be placed on active swabbing rotation for oil production or tied into the gas line, when upgraded, for the production of gas, it said.

These wells are in addition to the 30 wells prepared before the workover rig’s arrival.

Lease-by-lease, Ducote now contains 39 wells, Noel A has 15 wells, Noel B has 16 wells and Glassel with 28 wells.

Preparations of the Connell and Douglas leases are due to start next month, Louisiana Petroleum said.

“The immediate priority will now be the upgrade of the gas pipeline system in preparation for gas production,” Johnston said.

“The company has a gas meter on order and is laying pipeline as required.”

This process is expected to finish in the next two to four weeks, with gas production to start by the end of November, he added.

The state of Louisiana has also granted the company the petroleum operating licence applied for last month. At the time, Louisiana Petroleum said the licence would give the business greater independence and flexibility to pursue other opportunities.