Exploration & Production | Operational Updates
Angle Energy Grows Oil Production from Cardium Drilling Program
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Angle Energy Inc. (“Angle” or the “Company”) (TSX: NGL) is pleased to announce its financial and operating results for the three and six months ended June 30, 2012.
COMPANY HIGHLIGHTS
Achieved record production for the second quarter averaging 15,569 boe/d (21% light crude oil and condensate, 23% NGLs and 56% natural gas) an increase of 20% as compared to the second quarter of 2011, and a 3% increase from the first quarter of 2012. Light crude oil and condensate production increased 49% to 3,270 bbls/d, while total light oil and natural gas liquids production increased by 25% to reach 6,872 bbls/d, all as compared to the second quarter of 2011. Capital spending in the second quarter was $37.2 million which included the drilling of 7 gross (7.0 net) wells, all of which were…- ✓ Full news archive — U.S., Canada & international coverage
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