Courage Energy Inc. Announces Drilling Results.CALGARY, Alberta--(BUSINESS WIRE)--JUNE 12, 1996--COURAGE ENERGY INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. .(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ) announces the results of its drilling and completion program in the Alhambra Area, Alberta. The first well (Courage 55 percent working interest) was completed, pipeline connected and commenced production by April 10, 1996 at a sustained rate of 2.3 MMCF/D MMCF/D Million Cubic Feet per Day natural gas and 125 Bbls natural gas liquids (Ngl's) per day. The second well was drilled with Courage owning a 100 percent working interest, before payout pay·out n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. , and a 90 percent working interest after payout. The well was tested over a 10 hour period and established a production rate of 3.3 MMCF/D natural gas and 180 Bbls Ngl's per day. The second well will be pipeline connected and commence production in early July, 1996. Courage has acquired working interests ranging from 48-100 percent in 1142 gross (843 net) acres of offset Petroleum and Natural Gas rights which have continuing development potential. CONTACT: Courage Energy Inc. R.G. Moffat, (403) 266-4422 (403) 264-1028 (FAX) |
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