Spartan Oil Corp. (T.STO) hit a new 52-week high of $5.10 Wednesday. Spartan Oil Corp. reported its financial and operating results for the three and nine months ended September 30, 2012 along with this operational update.
CURRENT OPERATIONAL HIGHLIGHTS
Current production is in excess of 4,000 barrels of oil equivalent, based on field estimates. An additional 13.9 net wells are expected to be brought on production prior to the end of the calendar year, all of which are already drilled and behind pipe.
Spartan expects to drill another 4.9 net wells prior to the end of 2012. The Company has continued to reduce its drilling costs at Keystone. The average on-stream costs for the Company's Cardium horizontal wells is approximately $2.3 million ($2.0 million drill and complete).
Acadian Timber Corp. (T.ADN) hit a new 52-week high of $13.50 Wednesday. No news announcements this morning.
Epsilon Energy Ltd. (T.EPS) hit a new 52-week high of $3.45 Wednesday. No news announcements this morning.
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