Avenue Group Produces Over 3,200 Barrels of Oil from Heletz Field
Avenue Group Inc.
|Wednesday, August 20, 2008
Avenue Group, Inc. has produced over 3,200 barrels of oil from its 50% owned Heletz-Kokhav License, part of the Heletz Field in southern Israel ("Heletz").
Since restarting production in June, four wells have been returned to production, with total daily production currently exceeding 65 Barrels of Oil Per Day (32.5 BOPD net to AGI).
Three additional wells are currently awaiting the delivery and installation of downhole pumps in preparation to returning them to production.