Emerge Oil & Gas Inc. (TSE:EME) reports results of the company’s independent reserves evaluation for the year 2010.
Emerge Oil & Gas Inc. (TSX:EME) reports results of the company’s independent reserves evaluation for the year 2010.
The press release is quoted as saying:
Strong 2010 reserves growth and reserves replacement is reflective of the Company’s capital program of reactivations of shut-in wells, step-out and infill development drilling and facility expansions to improve production efficiencies in our Lloydminster heavy oil area. Production growth in 2010 to 6,000 boe/d (Q4 2010 average) from 2,440 boe/d (Q4 2009 average) was based on the development and optimization of the two major acquisitions completed by Emerge in 2009 plus one property acquisition in 2010 of 400 boe/d in the Ear Lake/Reward area of south Lloydminster.