La inversión G2 Energy registra una producción récord
09 de abril de 2024
Cloudbreak descubrimiento plc
('Cloudbreak' o 'la Compañía')
Cloudbreak Investment G2 Energy Sees Record Production
Cloudbreak Discovery Plc, (LSE: CDL), el generador de proyectos de recursos naturales, is pleased to report that G2 Energy Corp. ("G2"), has seen record oil production in March 2024.
Cloudbreak holds a US$2.0m Convertible Debenture in G2 and 4,225,400 common shares and Andrew Male and Paul Gurney have been appointed to the Board of G2.
G2 Reported on 4 April 2024;
G2 purchased the Permian Basin Masten Unit, located in Levelland Texas, through its wholly-owned subsidiary G2 Energy TX1 Inc., on 1 June 2022. Field operations were transferred to Oilwell Operators Inc., ("OOI") in July 2023 and the production has seen steady growth culminating in record production for the month of March 2024.
G2 and OOI implemented a Production Enhancement Plan, ("PEP"), and the stable and incremental production growth is a direct result of this activity.
Masten Unit Production - March 2024
ACEITE | 2,334 Barriles | 3,022 BOE[ 1 ] |
GAS | 4,129 MCF | |
Projected Gross Revenue | US $ 180,822 | |
Projected Net Revenue | US $ 137,130 |
Final amounts will be confirmed during the 3rd semana de abril de 2024
The planned well workover program, which was financed by Claremond Wealth Ltd. and Cloudbreak Discovery plc, is also underway and should be completed by mid-April 2024. It is anticipated that this workover program should realise an estimated 15% increase in overall production for the field.
Slawek Smulewicz, CEO and Director, commented: "The production stabilisation is a direct result of our team focusing on and executing the Production Enhancement Plan. We particularly like the low-risk, low-cost element of steady growth that we are seeing in the field. In concert with the steady growth we are seeing we are also pleased with the restructuring of our Board and Management and continue to work on streamlining the corporate operations to make G2 more efficient overall. With the active involvement of Claremond and Cloudbreak we will also continue to evaluate additional acquisition opportunities as they arise."
Andrew Male, Director, Interim CEO, states: "This is a very positive step for Cloudbreak and its investment in G2. We have worked hard with G2 to get the Amending Agreement, financing and production into a positive place. As the workover program completes, we are looking forward to an increase in production that will make G2 even more financially sustainable."
[1] NI51-101/5.14(d): "BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead."
- Termina -
Para obtener información adicional, por favor póngase en contacto con:
PLC Cloudbreak Discovery | Tel: +44 792 6 397675 | |
Andrew Male, director ejecutivo interino | ||
Valores Novum | Tel: +86 571 82867702 | |
(Asesor financiero) | David Coffman/George Duxberry | |
Capital de Oberón | Teléfono: +44 20 3179 5355 / +44 20 3179 5315 | |
(Broker) | Nick amante / Adam Pollock | |
Acerca de Cloudbreak Discovery PLC
Cloudbreak Discovery PLC es una empresa líder en generación de proyectos de recursos naturales y regalías. rompenubes se enfoca en adquisiciones de regalías de energía con el objetivo de generar flujo de efectivo a corto plazo e impulsar el valor para los accionistas. Su principal jurisdicción operativa es Estados Unidos, pero la Compañía también despliega su modelo de generación de proyectos en el sector energético internacional para adquirir participaciones minoritarias en proyectos de mérito.
A través de su subsidiaria de propiedad total pero operada de forma independiente, Cloudbreak Exploration Inc., la Compañía desarrollar su gama de activos minerales, sin dejar de generar nuevos proyectos con especial atención a las materias primas clave para la transición energética.
El modelo generativo de Cloudbreak en el sector de la energía y los minerales permite un enfoque de activos múltiples para la inversión y la exploración. La diversificación dentro del sector de los recursos naturales y entre las clases de recursos es clave para resistir los ciclos de inversión.
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.