The headline grabber from this release was its successful Pekisko oil well that came online in January at a restricted IP30 rate of 410 boe/d (including 238 bbl/d 30° API oil), which virtually doubles corporate oil production. Management has identified 19 further oil locations within the Pekisko/Basal Quartz oil trends of its Central Alberta core region.
14 Mar 2019
Announces 4Q18 results, light oil well success
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Announces 4Q18 results, light oil well success
Pine Cliff Energy Ltd. (PNE:TSE) | 0 0 0.0% | Mkt Cap: 92.1m
- Published:
14 Mar 2019 -
Author:
Cody R. Kwong -
Pages:
7
The headline grabber from this release was its successful Pekisko oil well that came online in January at a restricted IP30 rate of 410 boe/d (including 238 bbl/d 30° API oil), which virtually doubles corporate oil production. Management has identified 19 further oil locations within the Pekisko/Basal Quartz oil trends of its Central Alberta core region.