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Stock Market & Financial Investment News

News Breaks
June 17, 2014
08:31 EDTSARASaratoga Resources provides update on operations
Saratoga Resources provided an operations update pertaining to handling capacity upgrades in Breton Sound 32 Field and recompletion of the company’s SL 195QQ #25 well in Main Pass 47 Field. The company has commenced construction of an additional sales line to expand production capacity in Breton Sound 32 Field. The added capacity, anticipated to be online by the end of June, is expected to more than double existing export capacity in the field and to allow the company to increase production from the company’s recently completed Rocky 3 well, return curtailed wells to production, and to add capacity to support additional horizontal wells targeting the 5,800’ sand being evaluated for drilling in Breton Sound 32 Field. The company also announced the successful recompletion of the SL 195QQ-25 “Roux Toux” well in Main Pass Block 47 field with the 14A sand perforated and completed between 8,943-53’ MD. The well tested on June 12th at a gross rate of 1,480 thousand cubic feet of gas per day and 14 barrels of condensate per day, or net 188 BOEPD, on a 10/64” choke with FTP of 2,500 psi. The Roux Toux well produces back to the company’s Grand Bay facilities.
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September 22, 2014
07:27 EDTSARAIndependent Petroleum Association of America to hold a conference
IPAA OGIS San Francisco on September 22-24.

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