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Nostra Terra Oil and Gas ( (GB:BUCE) ) has provided an update.
Buccaneer Energy has announced plans to implement a secondary recovery waterflood scheme in the Fouke area of the Pine Mills field, using Turner #1 and Daniel #1 wells as injection points. This initiative is expected to significantly increase recoverable oil volumes, potentially tripling them, and enhance production efficiency. The company anticipates forming a waterflood unit and constructing necessary facilities within six months, during which Turner #1 will resume production to contribute to current output.
More about Nostra Terra Oil and Gas
Buccaneer Energy Plc is an international oil and gas exploration and production company with development and production assets located in Texas, USA. The company focuses on maximizing value from its assets through innovative recovery techniques, primarily in the Pine Mills field.
Average Trading Volume: 95,944,759
Technical Sentiment Signal: Sell
Current Market Cap: £1M
See more insights into BUCE stock on TipRanks’ Stock Analysis page.