Canamax Energy’s current net production rate of is approximately 1,200 boe/d (61% oil and NGL and 39% natural gas) broken down by core area as follows:

Given the better than expected results from recent work at Flood and Retlaw, combined with the remaining expenditures planned under the 2014 capital budget, Canamax is raising its targeted December 31, 2014 production exit rate to be in the range of 1,500 - 1,600 boe/d - an increase from the original target of 1,400 - 1,500 boe/d.

"We have exceeded expectations in the optimization and development of our Flood and Retlaw properties" commented CEO Brad Gabel.

Tags: Canamax Energy Ltd.