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Point Loma Resources

Point Loma Resources acquisition increases oil and liquid production by 70%

Point Loma Resources (CVE:PLX) CEO Terry Meek tells Proactive Investors Point Loma acquired oil and natural gas liquid assets in the West Central area of Alberta in a receivership deal with a private company. The deal increases potential drilling opportunities.

The property would add net operating income of C$1.3mln annualized and adds production of around 450 barrels of oil equivalent per day.

Quick facts: Point Loma Resources

Price: $0.14

Market: TSX-V
Market Cap: $10.52 m
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Point Loma to kick off production on its oil project with partner Salt Bush...

Point Loma Resources Ltd (CVE:PLX) CEO Terry Meek tells Proactive Investors the oil and gas company has announced that its partner on the Wizard Lake Rex oil project has agreed to a two-well farm-in transaction to fund drilling and setup costs. Meek says its partner, Salt Bush Energy Ltd,...

on 31/5/19

2 min read