Cirrus Energy Corporation has been advised by its wholly owned subsidiary, Cirrus Energy Nederland B.V. (“Cirrus”) that production from the M07-A field in The Netherlands has been shut-in since September 9, 2010 due to unplanned repairs at the third party L09-FF processing platform.
The operator of the L09-FF processing platform initially advised that the process interruption was expected to be short term however has now advised Cirrus that the shutdown is expected to be prolonged as further investigation and repair of the process equipment is undertaken.
Further information will be released as it becomes available. August 2010 gross production from the M07-A field averaged 30.5 MMscf/d (Cirrus net 13.0 MMscf/d).
Cirrus Energy Corporation is an international oil and gas company headquartered in Calgary and has approximately 92.0 million fully diluted common shares outstanding.
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Source: Cirrusenergy,September 24, 2010