Operational Updates
Crocotta Focused on Caridum and Montey Drilling Ops
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Crocotta Energy Inc. is pleased to announce 2012 Guidance and Operations Update.
CAPITAL PROGRAM AND GUIDANCE
Crocotta has approved a budget that entails spending approximately $87 million in 2012 with over 90% focused on oiland liquids-rich natural gas.Crocotta estimates average 2012 production to be 2,205 bopd of light oil and natural gas liquids plus 31.0 mmcf/d ofnatural gas for a total of 7,350 boepd.
Cardium Shale Update2012 exit production is estimated to reach 2,550 bopd of light oil and naturalgas liquids plus 35.7 mmcf/d of natural gas for a total of 8,500 boepd.By area, Edson will receive over 80% of the capital budget split between Cardium oil wells and liquids-rich Bluesky gas wells. Approximately 10% will be spent on drilling exploration oil projects acquired in 2011.
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