Highlights
Permian Project
- SRH-1 & SRH-2 wells returned to production
- SRH-6 well drilled
- L-771 & L-772 leases retained incorporating the total reserve study values.
Eagle Ford Project
- Sale of Cutlass Project completed for US$1.7m.
Napoleonville Project
- Hensarling #1 well commenced production on 3 July 2013.
Corporate
- Program to reduce overheads by 25% commenced in April 2013.
- Further overhead reductions commencing in July 2013.
- Cash balance as at 30 June 2013 was $0.67 million.
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