Cirrus Energy Corporation announces commencement of production at Netherlands
L8-D field
The L8-D field area has been unitised and equity interest partners in the L8-D Group are Cirrus (operator and 25.479%), TAQA Offshore B.V. (15.000%), TAQA Licenses Offshore B.V. (2.880%), Energy06 Investments B.V. (1.341%), EWE AG (13.400%) and EBN (41.900%).
The L11b-A06 well commenced production on
The second appraisal/development well on the L8-D field is currently being drilled from the L11b-A platform using the Nobel
M7-A Field (Cirrus 42.75% and operator)
Production from the M7-A field has recently been stable at a constrained rate of 23.5 MMscf/d which is the maximum allowable under the processing agreement with the operator of the L9-FF processing platform. Since production start on
Cirrus President and CEO
Cirrus Energy Corporation is an international oil and gas company headquartered in
Forward-Looking Statements
This press release may include forward-looking statements including opinions, assumptions, estimates and expectations of future production, cash flow and earnings. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, the volatility of oil and gas prices, the ability to implement corporate strategies, the state of domestic capital markets, the ability to obtain financing, changes in oil and gas acquisition and drilling programs, operating risks, production rates, reserve estimates, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by Cirrus with securities regulatory authorities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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For further information: David Taylor, President and Chief Executive Officer; Glenn Gradeen, Executive Vice President and Chief Operating Officer, Cirrus Energy Corporation, Suite 208, 5 Richard Way S.W., Calgary, Alberta, T3E 7M8, Canada, Website: www.cirrusenergy.ca, Telephone: (403) 216-5030, Facsimile: (403) 265-9530
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