MOG 1Q Production Down amid Production Challenges
MOG CEO Dr Bill Higgs commented in a company statement:
"In the first quarter of the year the company began to reverse the production challenges encountered at Guendalina in 2013. We are pleased that sustained production has been achieved at GUE 33ss and we are working with the operator to maximize the value of the asset.
"We look forward to a very active second quarter of 2014 as we move ahead with our drilling campaign offshore Malta and onshore Italy, as well as the processing of the new seismic data offshore Malta Area 3."
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