Vanguard Energy Corporation has successfully brought three more recently completed wells into production.
The Company put the three new wells on its Batson Dome Field in southeast Texas into production at collective rates that meet or exceed average rates for the field.
The three wells, financed with proceeds from the Company's recently completed convertible debt financing, have enabled the Company's total production to exceed a total of over 6,000 barrels in October, a new record.
The Company recently renegotiated its contract with SUNOCO and now sells its production at an $11 premium to posted WTI pricing.
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Vanguard Energy Corporation
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