Exploration & Production | Quarterly / Earnings Reports
Pinecrest Energy Encouraged by Waterflood Production Results
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Pinecrest Energy Inc. announced that it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis for the three and nine months ended September 30, 2013.
HighlightsThe following update highlights operational matters undertaken by Pinecrest during the three months ended September 30, 2013:
Completed field operations and injection well conversions on its third (Evi Project #3) and fourth (Red Earth Project #1) operated waterflood schemes, and commenced injection on both these schemes in late July. Subsequent to September 30, the Company initiated injection on three additional waterflood schemes in the Otter area, bringing the active waterflood count to eight, comprising more than one third of total corporate production; Drilled 3 gross (3.0…Finish this article — free account or subscription
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