09:54 AM EST - PetroShale Inc. : provided an estimate of its current production volumes. Production has commenced from five gross (1.3 net) wells recently completed and tied-in to gas processing and transportation infrastructure. Total Company production, including these new volumes, is approximately 1,600 to 1,700 Boepd (1,250 to 1,320 Boepd net of royalty interest), an increase of 118% and 218% from the company’s average first quarter 2015 and fourth quarter 2014 production, respectively. Its anticipated these new wells, which form a significant portion of its corporate production, will be subject to natural declines as they mature. PetroShale Inc.
shares V.PSH are trading unchanged at $1.25.
