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UPDATE: Open Range Energy Now Off Nearly 3% Even with Significant Well Results

Open Range Energy Corp. (ONR.TO) is now off by almost 3%, nearing the lower end of a $1.91 to $2.01 range, even after announcing earlier that its most recently completed horizontal well targeting the Notikewin Formation at its core Ansell/Sundance Deep Basin property has achieved an initial 7-day production rate IP7 of 7.0 mmcf per day plus natural gas liquids at a casing pressure of 12,400 KPa.

The company said this adds approximately 1,230 boe per day in net production and increases its current production to approximately 6,000 boe per day.

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

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

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