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Ironhorse Oil & Gas Inc. Announces Restart of Nisku L2L Pool
Ironhorse Oil & Gas Inc. Announces Restart of Nisku L2L Pool Ironhorse Oil &am...
About this update from Pond Technologies Holdings Inc.
[{"type":"text","content":"\n\n\n\nIronhorse Oil & Gas Inc. Announces Restart of Nisku L2L Pool\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nIronhorse Oil & Gas Inc. Announces Restart of Nisku L2L Pool\nCanada NewsWire\nCALGARY, July 22, 2016\n\n\n\nCALGARY, July 22, 2016 /CNW/ - Ironhorse Oil & Gas Inc. (\"Ironhorse\" or the \"Company\") (TSX-V:IOG), advises that the Operator of the Nisku L2L Pool (the \"Pool\") has restarted production effective July 19th, 2016.  The Pool has been shut in since January 2016 due to uneconomic conditions and in order to preserve the value of Ironhorse's reserves.  The Company has a 15.6250% working interest in the Pool and the production from the Pool is Ironhorse's main source of cash flow.  The Company continues to be financially well-positioned, with existing positive working capital and no debt.\n\nThe Operator has advised production from the Pool was restarted without incident. Ironhorse anticipates the Pool will remain on production provided commodity prices remain at an economic level.  \n\nAdvisories\n\nForward-Looking Statements \n\nThis news release contains forward-looking information (as defined in the Securities Act (Alberta)) and statements (collectively, \"forward-looking statements\") that are based on expectations, estimates and projections as of the date of this news release. These forward-looking statements can often, but not always, be identified by the use of forward-looking terminology such as \"plans\", \"predicts\", \"expects\" or \"does not expect\", \"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does not anticipate\", or \"believes\", or variations of such words and phrases, or statements that certain actions, events or results \"may\", \"could\", \"would\", \"might\" or \"will\" be taken, occur or be achieved. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Forward-looking statements contained in this news release ...