Blue Parrot Energy Inc. Announces Intial Flowback Production on Two of Four New Wells.Energy Editors/Business Editors CALGARY, Alberta--(BUSINESS WIRE)--May 31, 2004 Blue Parrot Energy Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BPA BPA British Paediatric Association. ) (BERLIN:BPX BPX Business Process Expert BPX Business Process eXcellence (Delphi Group event) BPX Burning Plasma Experiment BPX British Petroleum Exploration BPX Broadband Packet Exchange BPX Bus Parcel Express (Canada) ): Early indications exceed expectations. Wells 4/19 and 5/19 commenced production at a rate of .5 M3 per hour of oil each, equating to 12 cubic meters Noun 1. cubic meter - a metric unit of volume or capacity equal to 1000 liters cubic metre, kiloliter, kilolitre metric capacity unit - a capacity unit defined in metric terms per day or 70-75 BOD BOD: see sewerage. without considering gas production, which is yet to be monitored. The 8/24 well is expected to commence production by the end of this week and all three will be tied into the Company's new pipeline by the end of this week. At that time, gas production will be conserved, monitored and reported on. Well 1/24, the last of the four new wells in this phase one program is scheduled to be fraced June 4th and expected to be on production early next week with an immediate tie-in to the pipeline. Mr. Wm. Elligson, President of BLUE PARROT, stated "he is delighted with the results to date of the first phase of the company's four phase program and is eager to proceed to phase two as soon as possible. As well we are delighted that the company has been moved to the Tier 1 status on the TSX.V." About Blue Parrot Blue Parrot Energy Inc. (TSX-V:BPA) (BPX.BE-Berlin) is an oil and natural gas exploration development based in Calgary, Alberta, Canada. Bill Elligson, President. The TSX has neither approved or disapproved this release. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion