Exploration & Production | Operational Updates | Quarterly / Earnings Reports | First Quarter (1Q) Update
Crocotta Drilling Cardium, Montney; Testing Stoddart
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Crocotta Energy Inc. has announced its financial and operating results for the three months ended March 31, 2014, including condensed interim consolidated financial statements, notes to the condensed interim consolidated financial statements, and Management's Discussion and Analysis.
All dollar figures are Canadian dollars unless otherwise noted.
Highlights Increased funds from operations 68% to $28.8 million in Q1 2014 from $17.1 million in Q1 2013 Drilled 8.0 net successful Cardium and Bluesky wells at Edson, AB Drilled 1.0 net successful Montney well in Northeast BC Subsequent to March 31, 2014, increased bank credit facility to $165 million from $150 million Operations updateIn Q1 2014, Crocotta focused on expanding and exploiting both core areas and new initiatives. Most of the…
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