Exploration & Production | Exploration & Appraisals
Surge Reports Large Valhalla-Doig Well; New Discovery
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Surge Energy Inc. has announced that, based upon better than anticipated first quarter 2014 development drilling results, a large new crude oil discovery in SW Saskatchewan, and excellent results from several of the Company's ongoing waterflood projects, Surge has already exceeded the Company's 2014 year end production exit rate.
Accordingly, Surge is now revising upward the Company's 2014 year end production estimate from 16,550 boepd to 16,850 boepd (85 percent oil and NGLs).
On this basis, proforma the previously announced acquisition of Longview Oil Corp., Surge is now projecting an increased 2014 production exit rate of 21,350 boepd (84 percent oil and NGLs).
Exciting First Quarter 2014 Drilling Results; Large New Oil Pool DiscoveryIn the first quarter of 2014, Surge experienced…
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