Nexera Energy Inc. (TSX-Venture:NGY) told investors Thursday of its production plans during current commodity pricing conditions. Nexera has added additional storage tanks on certain leases and, on most leases, the company has the ability to continue to produce and store oil for up to six months without having to shut wells in.
What’s more, the company has the resources in place to maintain efficient operations, even in the unlikely scenario that the Company does not sell any oil in a given month.
CEO Shelby Beattie, commented: "We are fortunate to have the flexibility and sustainability to maintain operations during these unprecedented times. In addition to acquiring additional tanks, we are also in the unique position of owning our own tank hauling equipment which allows us to move tanks from lease to lease as needed, at no cost."
Shares rose half a cent, or 12.5%, to 4.5 cents, on 159,000 shares
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