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Northern Minerals & Exploration provides production update


Published Oct 24, 2015
Northern Minerals & Exploration Ltd.-2

Northern Minerals & Exploration Ltd. has commenced commercial production on the Coleman County lease in central Texas. In August, shortly after commencing production on the lease, the production of oil was suspended as it was evident additional repairs were required to the tank battery. This work has been completed and was successful in making repairs. The successful completion of this work allows for steady production of oil and gas from the wells on the lease.

Subsequent to completing repairs on the tank battery, October 12, 2015, Northern re-started production of oil and gas from one of the three wells (the Concho Richey #1) on the lease. Over the course of five days from October 12 to October 16, this well produced 224 barrels of oil and averaged 100 MCF gas per day.

The Concho Richey #1 is a direct offset to a well on an adjoining lease that has produced more than 65,000 barrels and 160 million cubic feet of gas and is still producing oil and gas after 30 years.

Tags: Northern Minerals & Exploration Ltd.




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