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Altura Energy to Drill 7 Upper Mannville Wells
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Altura Energy Inc. has announced its financial and operating results for the three and nine months ended September 30, 2015.
Highlights Closed the reorganization and investment agreement, which provided for a non-brokered private placement raising $25.0 million, including a rights offering, and the appointment of a new management team and board of directors. Received approval at a special meeting called for such purposes for a change of the Corporation's name to "Altura Energy Inc." and a consolidation of the common shares. Ended the third quarter with $23,151,447 of working capital and no debt. Sales production for the third quarter averaged 328 boe per day, consistent with the 327 boe per day produced in the second quarter of 2015, and 66 percent higher than the third quarter of…- ✓ Full news archive — U.S., Canada & international coverage
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