Softrock announces production at Charlie Lake
08 Juni 2015 - 2:00PM
PR Newswire (Canada)
CALGARY, June 8, 2015 /CNW/ - Softrock Minerals Ltd
is pleased to announce that as well as filing with SEDAR their
first quarter 2015 Financials and MD&A, they have received the
first three months of production from the Charlie Lake formation from the first
horizontal well drilled and fraced on their one section crown
lease in the Spirit River area of
Northwestern Alberta.
The well averaged 174 BOEPD, 93% oil which is good news for the
seven additional wells which may be drilled on the lease under
present Crown regulations.
The well and subsequent wells, when they are drilled, are
drilled at no cost to Softrock which has exchanged their 100
percent working interest for a cash payment and a two and
one-half percent gross overriding charge on all production with no
deductions for treatment by the operator.
SOURCE Softrock Minerals Ltd.
Copyright 2015 Canada NewsWire
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