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Benzinga
Benzinga
Business
The Newswire

G2 Energy Provides Oil and Gas Production Update on Masten Unit Operations

G2 Masten Unit Oil CSE G2 Energy Corp Company Newswire Slawek Smulewicz Vancouver

Vancouver, B.C. - TheNewswire - August 4th, 2022 - G2 Energy Corp. (CSE:GTOO), (CSE:GTOO), ((, (FKN:UD9) (the "Company" or "G2") is pleased to provide an operational update on its wholly owned Masten Unit ("Masten").

During the month of June 2022, Masten produced 1,405 BBLs of oil (47 bopd) and 3,058 MCF (102 MCFD) for a total of 1,914 BOE or 64 BOEPD. Average oil price was $114.15 and average gas price was $7.20. Gross revenue for May was $182,419. Net Revenue after taxes, gas marketing and transportation costs was $166,165. Field level operating costs were $27,182 ($14.20/boe). Operating cash flow net to G2 after all expenses was $138,983 for the month.

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