InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,225.97
(
0.06%
)
US TECH 100
17,714.40
(
0.18%
)
Dow Jones
39,544.53
(
0.08%
)
Brent Oil
83.26
(
1.06%
)
Bitcoin
62,861.61
(
2.30%
)
Post# of 3604
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

hamilton

Send PM Follow Ignore
Followers 4
Posts 159
Boards Moderated 0
Alias Born 08/18/2002

hamilton

Re: None

Tuesday, 05/22/2018 10:27:52 AM

Tuesday, May 22, 2018 10:27:52 AM

Post# of 3604
The 10Q for 1Q was filed yesterday. Financially weak but continued progress with production.

"In December of 2017, Citadel completed the installation of a 25MM BTU steam generator. The oil and Kern Bluff is characterized as heavy oil, therefore requiring stimulation via steam injection. This steam generator has capacity of over 1,400 barrels of steam per day (BOSPD) which will allow the Company to steam approximately 50 wells per year.



In February of 2018, Citadel completed the drilling of three new wells. The company currently has approximately 14 wells on production and has seen field wide production increase from approximately 20 barrels per day to approximately 100 barrels per day."
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up