The Conversation (0)
Trafina Energy Ltd. (TSXV:TFA.A) has produced 85 barrels of oil per day at McMullen, Alberta.
Trafina Energy Ltd. (TSXV:TFA.A) has produced 85 barrels of oil per day at McMullen, Alberta.
As quoted in the press release:
As part of its 2012 planning, and due to financial constraints as a result of continuing depressed natural gas prices, the Company has taken steps to reduce its overhead costs for 2012. Additionally the Company plans to raise capital to fund the drilling of up to three slant wells this winter drilling season, subject to rig availability. In addition to improving operating income and cash flow, three successful slant wells are expected to further substantiate the previously disclosed resource development potential of the McMullen area.
Click here to read the Trafina Energy Ltd. (TSXV:TFA.A) press release.
