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Terrace Energy Reports Initial Results From STS Project in Texas
Feb. 21, 2012 02:09PM PST
Oil and Gas InvestingTerrace Energy Corp. (TSXV:TZR) reported initial results from the first horizontal well on STS Project located 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.