Exploration & Production
Crocotta Energy Provides Montney and Cardium Drilling Update
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Calgary, Alberta, June 5, 2012 – Crocotta Energy Inc., is pleased to provide an Operations Update.
PRODUCTION
Current production is estimated to be approximately 8,000 boepd (67% gas; 33% light oil and natural gas liquids). Crocotta estimates Q212 production will average approximately 7,300 boepd. The current production includes certain Bluesky and Montney wells producing at restricted rates, however, such additional capacity will be used to partially offset declines in Q312.Given current production levels, Crocotta is confident it will meet or exceed its production guidance of 7,350 boepd for average 2012 production and its exit rate of 8,500 boepd.
CAPITAL PROGRAM
Edson
In Q212, Crocotta has drilled 1 (1.0 net) Bluesky horizontal well and is currently drilling 1 (0.5 net) Cardium oil…
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