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PetroShale Touts 148% Bakken Reserve Increase; 25.5 MMBOE
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PetroShale Inc. reported its financial and operating results for the three and twelve month periods ended December 31, 2015, along with its updated reserves as at December 31, 2015.
2015 Highlights Total proved plus probable reserves increased 148% to 25.5 million boe, from 10.3 MMboe. Participated in 122 gross (2.57 net) wells at various stages of completion, for a total drilling and completions expenditure of $17.3 million.PetroShale continued to execute our strategy focused in the heart of the North Dakota Bakken, with demonstrated success growing our asset base, productive capacity, reserves and reserves value through 2015, positioning the Company for future growth. During the year, we achieved the following:
Achieved substantial production growth with annual production increasing…- ✓ Full news archive — U.S., Canada & international coverage
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