News Column

Crocotta Energy Provides 2012 Exit Production Rate

Jan 8 2013 12:00AM

Marketwire

LogoTracker

CALGARY, ALBERTA -- (Marketwire) -- 01/08/13 -- Crocotta Energy Inc. ("Crocotta") (TSX: CTA) is pleased to announce that it met its 2012 Exit Guidance of 8,500 boepd based on field reports.

Crocotta currently has two drilling rigs in operation at Edson where it is drilling both Cardium light oil and Bluesky liquids-rich gas.

Crocotta expects to provide further information relating to 2013 capital projects by the end of January.

BOE Conversions

Barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.



Contacts:
Crocotta Energy Inc.
Robert Zakresky
President and Chief Executive Officer
(403) 538-3736

Crocotta Energy Inc.
Nolan Chicoine
Vice President, Finance and Chief Financial Officer
(403) 538-3738

Crocotta Energy Inc.
700, 639 - 5th Ave SW
Calgary, Alberta T2P 0M9
(403) 538-3737
(403) 538-3735 (FAX)





Source: Marketwire


Story Tools