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Georox Announces Operational Update to the Drilling & Completion of 5 Oil Wells
/ NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Prospera Energy Inc.
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES/\n\n\nKELOWNA, BC, March 21, 2014 /CNW/ - Georox Resources Inc. (\"Georox\" or the \"Corporation\") (GXR:TSX-V) (OF6A:FRA) is pleased to provide the following update\n from its November 1st, 2013 News Release with respect to its drilling activities related to\n the Silverdale lands near Lloydminster, Saskatchewan.\n\n\nThrough its joint venture partner and operator, Georox has successfully\n drilled and completed four horizontal wells of the originally planned\n five wells in its Silverdale GP Channel Project in the 3rd week of January 2014. Gross production for the four horizontal wells\n was 435 bopd for the week ending March 10th, 2014. Georox' interest share is 6.9% or 30 bopd net production. These\n wells will be further optimized over the next several weeks.\n\n\nIn addition, Georox participated in a drilling of a Vertical well in\n December 2013 that is scheduled to be completed in April 2014. Georox'\n interest in this well is 8.458% before payout and 6.9% after  payout.\n\n\nAbout Georox:\n\n\nGeorox is a Canadian natural resource company engaged in the exploration\n and development of oil and gas properties in Western Canada. The Common\n Shares trade on the TSX Venture Exchange under the symbol GXR and on\n the Frankfurt Stock Exchange under the symbol OF6A.\n\n\nCautionary Statement:\n\n\nNeither the TSX Venture Exchange nor its Regulation Service Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\nNo stock exchange, securities commission or other regulatory authority\n has approved nor disapproved the information contained herein.\n\n\nFORWARD-LOOKING STATEMENTS\n\n\nREADER ADVISORIES\n\n\nForward-Looking Statements\n\n\nStatements in this document may contain forward-looking information\n including management's assessment of future plans and operations,\n reserve estimates and the total future capital associated with\n development of reserves, capital expenditures and timing of release of\n 2013 financial results. The reader is cautioned that assumptions used\n in the preparation of such information may prove to be incorrect.\n Events or circumstances may cause actual results to differ materially\n from those ...