Kamis, 14 Februari 2019 06:51:00
Novus Delivers Industry Record Results and Technical Excellence
HONG KONG, CHINA, - 13 February 2019 - Yanchang Petroleum International Limited ("Yanchang Petroleum International" or the "Company"; stock code: 00346), is pleased to announce that its wholly owned subsidiary, Novus Energy Inc. ("Novus"), which explores for, develops and produces crude oil and natural gas in Saskatchewan and Alberta in Canada, continues to deliver industry record results and achieve technical excellence.
Novus was recognized by Smith Bits, a Schlumberger company, for record drill times and footage in developing new Mannville zone play within its major operational areas, with 1,245 meters drilled in total and the overall rate of penetration achieving 37.2 meters per hour.
Mr. Bruno Deruyck, Chief Executive Officer and Executive Director of Yanchang Petroleum International said, "Novus team dedicate themselves to improving drilling and completion efficiency. By doing so, we are making the best of our foot print in the Saskatchewan and Alberta resource play and maximize value for Yanchang International shareholders." (*).