Operational Updates
Whitecap Resources Inc Provides Cardium Update; Responds To Weaker Oil Price
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Whitecap Resources Inc. (TSX: WCP) is pleased to provide an operations update along with a revised outlook for 2012 based on a reduced capital program for the balance of the year. It is Whitecap’s plan to remain conservative in its spending in the near term until a more stable commodity price environment is experienced.
OPERATIONAL UPDATE
With the integration of both Compass Petroleum Ltd. (“Compass”) and Midway Energy Ltd. (“Midway”) now complete, we continue to focus on operational and capital efficiencies in our portfolio of high netback oil assets. We are pleased to report that our drilling and completion results to date have met or exceeded our type curve expectations in all of our operated areas and our capital investments are providing sound economic returns. Our extensive…
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