Exploration & Production | Operational Updates | Drilling / Well Results
Crocotta Touts Successful Cardium, Montney Well Tests
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Crocotta Energy Inc. has reported its financial and operating results for the year ended December 31, 2012, including consolidated financial statements, notes to the consolidated financial statements, and Management's Discussion and Analysis.
All dollar figures are Canadian dollars unless otherwise noted.
Highlights: Increased average production 83% to 6,911 boepd in 2012 from 3,775 boepd in 2011 Achieved 2012 exit guidance of 8,500 boepd Increased proved plus probable reserves 29% to 38.1 Mmboe in 2012 from 29.6 Mmboe in 2011 Increased funds from operations 65% to $50.6 million in 2012 from $30.6 million in 2011 Decreased production expenses 26% to $5.83/boe in 2012 from $7.85/boe in 2011 Drilled 13.4 net Bluesky and Cardium wells at Edson, AB at a 100% success rate Subsequent to…- ✓ Full news archive — U.S., Canada & international coverage
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