New Stratus Energy (TSE:NSE) has released an update.
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New Stratus Energy Inc. reports progress in their joint venture operations with the reactivation of two wells and plans to reactivate more, targeting a total production of 3,500 barrels per day by the year’s end. The company is in a strong financial position with CAD$35.4 million in working capital and has also been named a 2024 Top 50 company by the TSX Venture Exchange. Additionally, New Stratus is close to finalizing a significant acquisition in Mexico, expected to take effect from April 1, 2024.
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