GULF OF MEXICO SUBSALT DISCOVERY HAS BIGGER FLOW

The outlook for subsalt oil and gas in the Gulf of Mexico improved again last week when the operator of the Mahogany wildcat strike disclosed results of further well tests. The latest announcement by Phillips Petroleum Co. said the Mahogany discovery, on Ship Shoal South Addition Block 349, flowed 7,256 b/d of oil and 9.944 MMcfd of gas through a 1/2 in. choke with 7,063 psi flowing tubing pressure from a longer perforated interval in the same pay zone tested a week earlier.