Crocotta Energy Inc. announce the following:
CORPORATE PRODUCTION AND GUIDANCE
Crocotta's corporate production averaged over 8,500 boepd for Q313 and is estimated to average 9,500 boepd for Q413. Crocotta is currently drilling at both Edson in West Central Alberta as well as at Dawson in Northeast British Columbia and is on target to meet exit guidance of 10,500 boepd.
EXPANDED CARDIUM OPPORTUNITY BASE AT EDSON
Crocotta has increased its Cardium development inventory at Edson to over 60 net current undrilled development locations as a result of successful step-out drilling combined with farm-ins and land purchases from approximately 20 net locations at the beginning of 2012. The expansion of the opportunity base is even more significant after giving consideration to the fact that Crocotta has already drilled over 20 Cardium horizontal wells in the area which have de-risked the play and provided valuable technical and economic data.