Saratoga Resources, Inc. Announces Resumption of Production After Storm Related Shut-in
October 11 2013 - 9:03AM
Business Wire
Saratoga Resources, Inc. (NYSE MKT: SARA; the “Company” or
“Saratoga”) today announced that full production has been resumed
after a brief shut-in caused by Tropical Storm Karen. The Company
shut-in production on Friday afternoon, October 4, 2013 when it was
determined that the storm was headed towards the southeastern coast
of Louisiana. Following weakening of the storm, work began on
Sunday, October 6th to bring production back on line and, as of
Thursday, October 10th, production has been restored to 97% of
pre-storm levels. Although there will be some deferred income as a
result of the production shut-in, no damage was suffered to any of
the Company’s wells, platforms or pipelines.
About Saratoga Resources
Saratoga Resources is an independent exploration and production
company with offices in Houston, Texas and Covington, Louisiana.
Principal holdings cover 52,033 gross/net acres, mostly held by
production, located in the transitional coastline and protected
in-bay environment on parish and state leases of south Louisiana
and in the shallow Gulf of Mexico Shelf. Most of the company's
large drilling inventory has multiple pay objectives that range
from as shallow as 1,000 feet to the ultra-deep prospects below
20,000 feet in water depths ranging from less than 10 feet to a
maximum of approximately 80 feet. For more information, go to
Saratoga's website at www.saratogaresources.com and sign up for
regular updates by clicking on the Updates button.
Saratoga Resources, Inc.Brad Holmes, 713-654-4009Investor
RelationsorAndrew Clifford, 713-458-1560PresidentorMichael
Aldridge, 713-458-1560CFOwww.saratogaresources.com