PanTerra Resource Corp. has completed a 9.6 kilometer pipeline at its Tomahawk, Alberta project. The line is going through its initial start up phase and is expected to be fully operational by mid December. The pipeline will allow the Company to produce from a particular well that was drilled last year, but due to high Gas Oil Ratios, was shut-in. This will result in an increase in both oil and gas production net to PanTerra.
The newly constructed line is also tied into all other current producers at Tomahawk and will allow the Company to collect and market solution gas that was formerly being flared. The new line is expected to bring in extra net incremental revenue to replace the net revenue the Company gave up in the sale of a portion of its Carrot Creek project earlier this year.