Crocotta Energy Inc. 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.
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.