EQST Stock UPDATES Energy Quest Inc (EQST) 0.0042 08/20/2014
Post# of 273249
Posted On: 08/20/2014 9:18:42 AM
Energy Quest Inc (EQST) 0.0042 $EQST
Argent Energy Trust provides year-end 2012 results with over 300% production growth and increased reserves
CNW Group - Tue Mar 05, 7:00AM CST
Argent Energy Trust ("Argent" or the "Trust"
(TSX: AET.UN) is pleased to provide its audited financial results for the period from establishment of the Trust to December 31, 2012, and its reserves as at December 31, 2012. The Trust was created on January 31, 2012 and commenced operations on August 10, 2012 with the acquisition of 1,600 boe/d (33% oil) from Denali. The Trust has seen significant but prudent expansion with a portfolio approach of organic growth through the drill bit of 1,300 boe/d and growth by acquisition (from Energy Quest and Wapiti) of 2,300 boe/d in under five months. Argent exceeded its Q4 production guidance by successfully drilling five Austin Chalk wells, two Eagle Ford wells and one well in an additional formation since inception (100% success rate). Subsequent to year-end the Trust has successfully completed an additional Austin Chalk well and an Eagle Ford well, both of which are on production. Argent is currently producing at a 30-day average rate of approximately 5
Argent Energy Trust provides year-end 2012 results with over 300% production growth and increased reserves
CNW Group - Tue Mar 05, 7:00AM CST
Argent Energy Trust ("Argent" or the "Trust"
(TSX: AET.UN) is pleased to provide its audited financial results for the period from establishment of the Trust to December 31, 2012, and its reserves as at December 31, 2012. The Trust was created on January 31, 2012 and commenced operations on August 10, 2012 with the acquisition of 1,600 boe/d (33% oil) from Denali. The Trust has seen significant but prudent expansion with a portfolio approach of organic growth through the drill bit of 1,300 boe/d and growth by acquisition (from Energy Quest and Wapiti) of 2,300 boe/d in under five months. Argent exceeded its Q4 production guidance by successfully drilling five Austin Chalk wells, two Eagle Ford wells and one well in an additional formation since inception (100% success rate). Subsequent to year-end the Trust has successfully completed an additional Austin Chalk well and an Eagle Ford well, both of which are on production. Argent is currently producing at a 30-day average rate of approximately 5 
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