UPDATE: Open Range Energy Starts Lower Even with Significant Well Results

Open Range Energy Corp. (ONR.TO) started lower today at $1.95 compared to yesterday's $2 close and has landed in between a $1.91 to $1.99 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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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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