SYDNEY, AUSTRALIA: Fremont Petroleum Corporation Limited (FPL) reports that oil sales for the June quarter are forecast to exceed 20,500 barrels of oil (BBL), a significant increase on the 12,894 BBL reported for the March quarter, up 58.9 percent. This increase is due to a full quarter’s contribution from the MHP leases and stable production…
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Fremont Petroleum deploys workover program to increase oil production
SYDNEY: Fremont Petroleum Corporation has confirmed that a workover program is now underway to enhance the performance of an initial 26 wells in Colorado and Kentucky and deliver more consistent daily oil production and revenue. As the oil price has strengthened, some profitable wells have been brought back on line resulting in initial modest daily…