Exploration & Production | Quarterly / Earnings Reports
Shoreline Tags 2,385 BOE/d in Montney, Niobrara Production
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Shoreline Energy Corp. has reported the following corporate update and guidance for the remainder of 2013.
ProductionCorporate average monthly production for July 2013 was approximately 2,385 Boe/d (32% oil, 4% NGL's, 64% natural gas), comprised of approximately 1,925 Boe/d from the Company's Canadian Peace River Arch assets including its new Montney oil wells and approximately 460 Boe/d from the Company's Niobrara/Codell assets in the Wattenberg field of Colorado.
Capital UpdateShoreline recently closed the final round of its private placements, raising a total of $10,568,788 in equity offerings year to date. Shoreline plans to spend approximately $7,000,000 in the third and fourth quarter of 2013 and expects to drill 2 new wells (2 net) in Canada, to further develop Shoreline's…
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