New Times Energy has Commenced Production on the First 3 Wells of the 2022 Drilling Program
- Written by Reporters
HONG KONG SAR - Media OutReach - 21 November 2022 - New Times Energy Corporation Limited ("the Company" or "New Times Energy", together with its subsidiaries, the "Group", HKSE stock code: 166) is pleased to provide an update on successful drilling and completion operations in Willesden Green, Alberta by its wholly owned Canadian oil and gas subsidiary, NTE Energy Canada Ltd. ("NTEC").
- Finished drilling and completing the first 3 wells of the 2022 drilling program in October 2022 as scheduled with all 3 wells on production as of 10 November 2022
- These two-mile-long lateral wells will reach peak daily production in the coming weeks given these are unconventional wells that were stimulated
About New Times Energy Corporation Limited
New Times Energy Corporation Limited (HKSE stock code: 166), headquartered in Hong Kong, is an international resource company that operates natural gas weighted assets in Alberta and British Columbia and is taking steps to transform its business model into clean and sustainable energy, in its effort to be a part of the global "Energy Transition" that is underway, with social responsibility towards the environment and climate change at the forefront.
Source https://www.media-outreach.com/news/hong-kong/2022/11/21/179433/