Pacific Rodera Energy Inc. announced the Dahadinni B-20 was drilled to a total depth of 2420m. After reviewing the logs the well was cased and abandoned. The two wells drilled this year fulfill outstanding commitments on the Company's heritage lands, and extend the leasehold term for another four year period. Pacific Rodera has two significant discoveries in the NWT.
The Company will continue to focus on development, exploitation and acquisitions, which is consistent with Company's strategy announced over a year ago. The new management team, 25.6 million in cash on hand, no debt and the deteriorating credit cycle make the Company well positioned to take advantage of opportunities as they present themselves.
Most Popular Articles
From the Career Center
Jobs that may interest you