Cardiff Energy Capitalizing Window of Opportunity with a Horizontal Well in Texas Next Week

08.06.2015  |  ACCESS Newswire

LONDON, ENGLAND / ACCESSWIRE / June 8, 2015 / Today, mining analyst Stephan Bogner (Dipl. Kfm., FH) published an initiating coverage on the Canadian junior oil & gas producer and developer Cardiff Energy Corp. active in Texas, USA, as well as the fundamental outlook for the oil market.

Next week on June 15, Cardiff plans to drill a horizontal well in Runnels County, Texas. Up to 1.3 million barrels of oil (worth 80 million USD) are possible with this single well. Production costs of around 5 USD/barrel are estimated thanks to nearby infrastructure and no fracking to be needed to extract the hydrocarbons.


The full research report can be read via the following links:

English:
http://rockstone-research.com/images/PDF/Cardiff1en.pdf

Web version:
http://rockstone-research.com/index.php/en/9-research-spotlight-english/309-cardiff-energy-capitalizing-window-of-opportunity

German:
http://rockstone-research.com/images/PDF/Cardiff1de.pdf

Please read the full disclaimer within the full research report.



SOURCE: Rockstone Research Ltd.