Greenfields Petroleum Corporation provide an update on the continuing redevelopment of the Gum Deniz and Bahar fields in the Bahar Exploration, Rehabilitation, Development and Production Sharing Agreement (ERDPSA), Azerbaijan.

For the third quarter of 2014, Greenfields' 33% share of Bahar Energy Limited's (BEL) entitlement sales volumes averaged 325 bbl/d of oil and 6.1 mmcf/d of gas for a combined rate of 1,343 boe/d. For the third quarter of 2014, BEL's entitlement sales volumes averages are estimated to be 975 bbl/d of oil and 18.3 mmcf/d of gas or 4,028 boe/d from gross volumes of 1,247 bbl/d and 23.4 mmcf/d or 5,151 boe/d, respectively. The third quarter 2014 volumes reflect a 2% increase for oil, a 12% reduction for natural gas and a 10% reduction on a barrel of oil equivalent over the second quarter of 2014.

Tags: Greenfields Petroleum Corporation