Alexander Energy Ltd. announces 2012 exit production and ERCB approval of special maximum rate limitation extension for detrital oil pool
Tuesday, Jan 15, 2013Alexander Energy Ltd. (TSX VENTURE:ALX) ("Alexander" or the "Company") announces that December 2012 exit production averaged 929 BOE/day (48% oil) an increase of 263 BOE/day or 30% over average Q3 2012 production.
In addition, the Energy Resources and Conservation Board has approved the extension of the Special Maximum Rate Limitation of 20 m3/day (125 Bbls/day) per well in the Detrital pool until February 28, 2014. This extension ensures that the Company's six Detrital oil wells can continue producing at their maximum rates up to 20 m3/day of oil.
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