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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Admiral Bay Resources Inc. | TSXV:ADB | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
President and CEO Steven Tedesco commented "The record production results highlight the progress we are making in all of our project areas while decreasing production costs and G&A expense per unit. Production increased in all of our Kansas project areas and continues with record production for November and December as new wells are put online in the Mound Valley and Devon project areas. Additionally, the full impact of the new electric compressors has yet to be achieved at the Shiloh project. At the Revloc Project in Pennsylvania the three wells have achieved flow rates of as high as 28 MCFGPD which would be considered to be economic. The Company considers this to be significant considering these wells are dewatering a large area by themselves. The wells are currently shut-in while right of way for a 12 mile sales pipeline is finalized".
Admiral Bay will be presenting at the FIG Partners LLC Investment Conference at 3:00 pm on January 8th, in New York at the Sofitel Hotel. The conference includes several mid-size and small cap exploration and production and oil service companies. A copy of its presentation will be available on its website www.admiralbay.com.
Admiral Bay Resources Inc. (www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB.
Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".
The TSX Venture Exchange does not accept responsibility for the adequacy of this release
Contacts: Admiral Bay Resources Inc. Steven Tedesco President & C.E.O. (303) 350-1255 (303) 617-8956 (FAX) Email: stedesco@admiralbay.com Admiral Bay Resources Inc. Robert Carington CFO (303) 350-1255 (303) 708-1861 (FAX) Email: rcarington@admiralbay.com Website: www.admiralbay.com
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