Helix Energy Solutions Group Inc. subsidiary Energy Resource Technology GOM (ERT) said it has made a deepwater oil and gas discovery in the Gulf of Mexico (GOM) at its Jake Prospect in Green Canyon Block 490 that it estimated at 50-75 Bcfe gross on a proved, probable and possible basis. The discovery well was drilled to 13,504 feet in 3,740 feet of water and encountered 134 feet of net oil and gas pay in a single sand interval. ERT said the well has been cased and temporarily abandoned for a future subsea completion. First production is estimated in mid-2011. ERT owns a 25% working interest in both the discovery well and Green Canyon Block 490. ERT also recently discovered 20 feet of oil and gas pay at its 75% owned and operated South Timbalier 145 Field. The discovery was drilled to 14,193 feet true vertical depth. That well is currently being completed and is expected to commence production this month.

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