Intrepid Drilling Stakes New Well

Intrepid Drilling has staked a 15,400' test well in South Lake Charles Field, Section 19, Township 11 South, Range 8 West, Calcasieu Parish, Louisiana.  This prospect is located 7 miles south of the city of Lake Charles, Louisiana.  It is a middle ogliocene age geo-pressured prospect located in the middle and lower hackberry sands.  Reserve potential for this prospect exceeds 60 BCFG (billion cubic feet of gas) and 4 MMBO (million barrels of oil).