The Conversation (0)
Shoreline Energy Corp. (TSE:SEQ) acquired producing assets in the Progress Worsley areas located in the Peace River Arch region of Alberta.
Shoreline Energy Corp. (TSX:SEQ) acquired producing assets in the Progress Worsley areas located in the Peace River Arch region of Alberta.
The press release is quoted as saying:
At the time of closing the acquired assets were producing 737 BOED (barrels oil equivalent per day) with an additional 70 BOED as royalty production income. Current production from these same assets has increased by 9% to 800 BOED (Field Estimate) with an additional 65 BOED as royalty production income. This estimated production increase has been accomplished through the reactivation of 5 wells (3.3 net) and 2 oil well workovers (0.62 net) resulting in a field estimated initial production rate of 115 BOED brought on stream.
Click here to access the entire press release
