SKPI--.25--SKY PETROLEUM INC
Sky Petroleum Inc announces Mubarek production of 10,832 barrels of oil during December
1/30/2008
Jan 30, 2008 (M2 EQUITYBITES via COMTEX News Network) --
Sky Petroleum Inc (OTCBB: SKPI), an oil and gas company, declared on 29 January that the Mubarek production from the H2 and K2-ST4 wells was 10,832 barrels of oil during the month ending 31 December 2007.
The Mubarek H2 well produced 3,200 barrels of oil or 103 bopd and the Mubarek K2-ST4 well produced 7,632 barrels of oil or 284 bopd during December, according to Sky Petroleum. The company claimed production from K2-ST4 was suspended while the gas lift system was being checked and valves re-installed during several days in December. The K2-ST4 well was put back on line on 1 January 2008 and has remained on production since then, averaging 242 bopd for the first week of January 2008.