Pinecrest Energy Inc. says that its production, based on field estimates, is currently 5,080 boe/d (99% oil and liquids) and is in line with its previous 2012 exit guidance of 5,000 boe/d. In addition, the Company expects that the wells placed on production in December 2012 will continue to show improvement in production rates through January and February 2013 as completion fluids are recovered.

The Company's 2013 Greater Red Earth area development program is well underway and Pinecrest will provide details of its 2013 capital plan and guidance together with a detailed operational overview on February 6, 2013.

Tags: Pinecrest Energy Inc.