Capco also has compiled some significant land holdings in joint ventures with its financial partners. There are numerous exploratory and developmental opportunities on these properties. The most significant opportunities are where Capco has the ability to control and has an option to own a part of two key prospects. One prospect is located in Vermilion field where through 3-D seismic interpretation it is estimated there are recoverable reserves of 250 BCF. The second prospect is on the Green Canyon property where deep drilling has the potential of discovering some 175 million barrels of oil. As of April 2007, Capco is the operator of 46 wells in GOM with an additional 32 wells to be added by May 2007.
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