Business
Ironhorse Announces 2010 Financial and Operating Results
Apr. 13, 2011 (Canada NewsWire Group) -- CALGARY, April 13 /CNW/ - Ironhorse Oil & Gas Inc. (...
About this update from Pond Technologies Holdings Inc.
[{"type":"text","content":"\n\n\n Apr. 13, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, April 13 /CNW/ - Ironhorse Oil & Gas Inc. ("Ironhorse" or the\n "Company") (TSXV: IOG) has released its financial and operating results\n for the year ended December 31, 2010.\n\n\nHighlights and accomplishments achieved during the year include:\n\n\n\nIncreased the oil and liquids weighting of our production profile and\n reserves with the discovery of oil at Dawson and Leon Lake. Oil now\n accounts for over 25 percent of total production and 34 percent of the\n Company's total reserves up from one percent and 28 percent\n respectively in 2009. Further increases in the oil weighting of our\n production profile are expected when the Pembina Nisku oil wells are\n placed on production.\n\n\n\n\nDrilled two (1.1 net) Slave Point oil wells at Dawson, Alberta, these\n wells are currently producing at approximately 400 (220 net) bbls of\n oil per day.\n\n\n\n\nDrilled two (1.8 net) Upper Shaunavon oil wells at Leon Lake,\n Saskatchewan. The first well was drilled horizontally the second well\n was drilled vertically the oil wells are currently producing 30 (25\n net) bbls of oil per day. Ironhorse is planning to drill additional\n wells targeting the Upper Shaunavon oil bearing formation on a vertical\n basis and a horizontal well targeting the Lower Shaunavon.\n\n\n\n\nDrilled one (0.8 net) gas well at Jedney, British Columbia, the well\n will be placed on production when gas prices increase...