Post by
loubastone on Aug 29, 2019 9:23am
West Hazel producing over 120 bopd- As per HRH MD&A
In February 2019, the Company successfully re-established production from three wells and upgraded the related facilities by expending approximately $931,000. In addition, the Company disposed of one third of its operating profit interest from reactivated wells in the West Hazel property in exchange for a cash payment of $170,000. Total field production in the first half of 2019 totaled 9,200 barrels at an average price of $59.24 per barrel. As of the Report Date, oil production performance continues to improve with the field currently exceeding 120 barrels of oil per day (bopd).