Cona Estimates $61.5 Million Capex For 2018; Company Releases Q3 2017 Results

Cona Resources Ltd. intends to spend about $61.5 million in 2018, directing $42 million towards enhanced oil recovery (EOR) and infill drilling of 29 wells, as well as $16 million on other drilling towards 25 wells, maintaining production guidance of 17,400 boe/d for next year, which is on par with this year’s guidance.


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