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.
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