Markets

Petrolia Completes Drilling of Bourque 2 Well; Stocks Almost Hit Year Lows

Petrolia Inc. (PEA.V) said that drilling of the Bourque 2 well has been completed. This well, which reached a total depth of 2,680 metres, has revealed the existence of two zones, of approximately 300 metres thick each, displaying reservoir characteristics.

Two of the three drill-stem tests that were carried out recovered gas and condensates. The well has been temporarily suspended in order to complete detailed analyses and to identify the appropriate tests that should be conducted.

PEA has fallen to 98 cents by 2%, almost hitting year low 95 cents.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos