Wednesday, May 29, 2024 8:49:11 AM
Overall Performance Highlights
- The Company reported net income in Q1 2024 of $465,891 as compared to net income of $569,979 in Q1 2023.
- The Q1 2024 production was 47,409 boe as compared to 45,358 boe in Q1 2023.
- The Q1 2024 realized oil price was $73.32 as compared to $68.12 in 2023.
- In Q4 2023 and Q1 2024, the Company drilled, fractured and completed six (6) Cardium Hz wells in the new core property of Pembina Alberta. The wells came on production in March 2024.
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