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home / news releases / BTEGF - Headwater Exploration: New Profit Source Appears

BTEGF - Headwater Exploration: New Profit Source Appears

Baytex Energy Corp
  • The Clearwater Play outlook has improved materially.
  • Management discovered some medium grade oil to produce.
  • Medium grade oil may be more valuable and offset lower flow rates.
  • The original discovery was so profitable that less profitable extension discoveries could still be extremely profitable.
  • Cash flow has probably passed the C$200 million annual rate. It is likely to pass the C$300 million annual rate.

For further details see:

Headwater Exploration: New Profit Source Appears
Stock Information
Company Name: Baytex Energy Corp
Stock Symbol: BTEGF
Market: OTC
Website: baytexenergy.com
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