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Anderson IDs Minimal 2016 Guidance; Cut Well Count in 2015
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Anderson Energy Inc. announces its operating and financial results for the fourth quarter and year ended December 31, 2015.
2016 Production & Capital ProgramCapital Budget: $3 million
The Company reduced its producing and non-producing net well count by 31% in 2015 and expects to make further significant reductions in 2016. Duvernay : Subsequent to December 31, 2015, a new horizontal oil development project has been added to the Company's portfolio in central Alberta in the Duvernay Carbonates. Anderson has assembled over 12 sections of 100% working interest land in this project area, which is prospective for light oil horizontal drilling at medium depth.The Company estimates production will be approximately 1,500 to 1,600 BOED (42% oil, condensate and NGL) for 2016.
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