15th Jan 2014 11:21
LONDON (Alliance News) - Edge Resources Inc Wednesday said its first three wells from testing at Eye Hill, Saskatchewan were put onto production testing before the end of 2013.
The exploration and production oil and gas company said a fourth well is expected to commence production within the next two weeks.
The company said total production from the three wells is 175 barrels of oil per day but that these kind of wells may take an extended period of time to clean up and stabilise production rates.
Edge Resources shares were up 4.6% to 9.15 pence Wednesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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