Terrace Energy Reports Initial Results From STS Project in Texas

Terrace Energy Corp. (TSXV:TZR) reported initial results from the first horizontal well on STS Project located in Texas.

As quoted in the press release:

After less than 10% load recovery, the well continues to strengthen and is currently flowing at a rate of approximately 564 BOPD (barrels of oil per day) and 1.2 MMCFD (million cubic feet per day) of liquid rich gas.

Terrace Energy’s President, Dave Gibbs commented:

We are very pleased with the results at this early stage of the project’s development.

Click here to read the Terrace Energy Corp. (TSXV:TZR) press release.