Sunday, December 25, 2016

GAS IN KUWAIT IS AOVER COME AND REED OIL

Norse Energy corporation ASA Provides Third Quarter Production Update
Monday, Oct 10, 2011

Norse Energy corporation. ASA (“NEC” ticker Oslo stock market, Norway; “NSEEY” ticker U.S. OTC, the “Company”) provides a 3rd quarter 2011 production and sales update. the corporate is happy to report gross production, recorded at its field meter stations, of roughly vi,490 Mcf/d (1,156 BOE) in Q3-11, a little decrease of twenty-two from vi,645 Mcf/d (1,184 BOE) in Q2-11. Gross production volumes, to be reported  within the Q3-11 monetary statements, might deviate somewhat from this early estimate. web volume also will be reported  within the Q3 statements. many wells that had been shut-in were brought back on line in late September. Consequently, current daily gross production is averaging regarding seven,200 Mcf/d (1,282 BOE). No new wells were brought into production throughout the quarter.

The Company recently proclaimed plans to suspend Herkimer drilling and allocate resources towards probably additional profitable Marcellus and Utica sedimentary rock development. This call was valid on September twenty-eighth by Chesapeake Energy Corporation’s announcement of Utica sedimentary rock discoveries in Ohio and Pennsylvania that seem to verify the large potential of the Utica sedimentary rock within the geographical area Basin.

Also on September twenty-eighth the DEC followed up unleash of its draft SGEIS with projected laws for top volume hydraulic fracturing. each documents area unit currently obtainable for public comment. This continues the positive momentum in favour of development of gas from sedimentary rock formations within the State of recent York.

Source: Business Wire

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