Global Leader in International Oil and Gas Industry News

posted in:

Sunridge Energy Ltd. provides operational update

Friday, Nov 09, 2012

Sunridge 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.

Source: Marketwire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

CSAGeoPortal aids rapid oil spill response and damage assessments 17-04-2014
Phoenix Energy signs agreement to build California's first forest biomass gasification Plant near Lake Tahoe 17-04-2014
Armada Oil, Inc. announces closing of acquisition of Kansas assets 17-04-2014
ConocoPhillips approved for Alaska LNG exports 17-04-2014
TruStar Energy to build large station for renewable energy producer, High Plains Bioenergy 17-04-2014
Silver Fox® labels exhibit excellent results in latest long-term UV tests 16-04-2014
OMVS explores adding oil & gas transportation services 16-04-2014
Octagon 88 Resources announces Red Earth light oil project update 16-04-2014
Dejour sees 60% increase in net production at Woodrush 16-04-2014
Integrated Oceaneering team combines technologies for Australian success 16-04-2014