Operational Updates
TriOil's Cardium, Kaybob Prospects Hit 3,000 BOE/d in Q3
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TriOil Resources Ltd. has filed its interim financial statements and related Management’s Discussion and Analysis (MD&A) for the three and nine months ended September 30, 2012.
Current Highlights• Current production is approximately 3,000 boe/d (75% oil) based on field estimates with a current estimated 400 boe/d of tested volumes expected to be on stream by year-end.
• To date in the fourth quarter, 3 (1.6 net) wells have been drilled, 4 (2.7 net) wells have been completed, 6 (3.8 net wells have been placed on production and 2 (1.6 net) wells are currently drilling. Prior to year-end, 6 (4.4 net) wells are expected to be brought on production.
• TriOil’s credit facilities have been increased by 40% to $70 million from $50 million.
Financial and Operational Highlights• Increased…
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