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Monday, 10/15/2018 11:12:02 AM

Monday, October 15, 2018 11:12:02 AM

Post# of 9528
In the release, CEI said that since the closing of the Panhandle acquisition, it has worked on over 39 wells on 4 different leases. The first 20 of these wells have been fully restored and are currently producing with the first full month of estimated gross production coming to a total of 4,560 MCF and 450 barrels of oil. This brings projected monthly revenue to $60,000. Also, the company said that an additional 13 wells have recently been restored to production and are being tested to begin producing approximately 750 barrels of oil per month.

Oct 15 2018
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