Petro-Reef Resources Ltd. released company’s Q3 – 2009 financial statements and management discussion and analysis.
The press release is quoted as saying:
Petro-Reef announced significant exploration drilling success subsequent to the quarter end. Petro-Reef achieved 100% drilling success with the three wells it drilled. Based on test information from the wells, Petro-Reef anticipates adding approximately 500 boe/d of production, including 125 bbls/d of crude oil by year end, increasing production to approximately 1,250 – 1,300 boe/d, including over 200 bbls/d of crude oil production.
