Sunridge Energy Ltd. provides operational update
Friday, Nov 09, 2012Sunridge Energy Corp. ("Sunridge" or the "Company") (TSX VENTURE:SRG) is pleased to announce that it has now established an initial stabilized daily production rate at the North Central oil prospect. The discovery well and the step out well were placed on production in July and October, respectively, and currently yield a combined rate averaging approximately 100 BOPD, 80 BOPD net to Sunridge. Further optimization to increase production is planned for the near future.
"We are encouraged with existing production rates but believe we can increase production by a meaningful amount using one or more optimization techniques. We are currently evaluating our alternatives," states Dwayne Tyrkalo, CEO of Sunridge.
Additionally, Sunridge reports that it is pursuing other corporate, financial and acquisition initiatives and is optimistic that it will have further developments to report in the near future.
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