Atikwa Resources Inc. report that it's 02-06 well is currently producing at 135 barrels of oil per day after six weeks of production.
The Company sold approximately 1550 cubic meters (335bopd) of Manitoba light oil in February, which translates into a monthly cash flow net to Atikwa of approximately $900,000. President Sean Kehoe stated: "We are finally starting to enjoy the benefits of our labour. We have had a significant engineered value for some time now, so it is good to see our flowing barrel metric more in line with that number. I am also very encouraged by recent industry transactions we are seeing in relation to the sale of Manitoba light oil assets that support a flowing barrel metric of over $100,000."