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Waldron Energy Corporation Announces its First Half 2012 Capital Budget and Continued Liquids Focus |
February 03, 2012
CALGARY, ALBERTA--(Marketwire - Feb. 2, 2012) - Waldron Energy Corporation ("Waldron" or the "Corporation") (TSX:WDN) is pleased to announce its first half 2012 capital expenditures program.
The Board of Directors has approved a prudent $7 million six month program that will allocate capital to its high impact liquids rich Glauconite and Ellerslie development wells while continuing to aggressively expand its inventory of Belly River light oil and high impact Ellerslie liquids rich prospects with a view to the second half of 2012. The first half 2012 program is expected to modestly grow production with capital expenditures being financed entirely from Waldron's operating cash flow which is supported by high oil and liquids pricing.
http://www.marketwire.com/mw/release.do?id=1614704&sourceType=3
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