During the second trimester of this year, “Bankers Petroleum” has declared an increase of 15% of its average oil production, sales at a percentage of 17% and an increase of 18% of incomes compared to the first trimester of 2014.
Speaking in other words, the average oil production during this period estimated to be 20,630 barrels of oil per day. The highest amount of oil is produced at Patoz-Marinez oilfield, and according to the report published by this company, it has increased by 4.2% more than the average of production in the first trimester of this year.
Bankers Petroleum has drilled 42 wells in the latest months, where 39 wells are horizontal producers and 3 horizontal lateral re-drilled wells in Patos-Marinez oilfield.
Based on official financial data published by this company, incomes for the period of April-June 2014 are $171 ml, with an increase of 18% compared to the January-March period of 2014.
Bankers Petroleum has paid as mining rent the amount of $25 ml to the state budget, circa 15% of the total incomes. The company has announced that has been refunded for VAT with an amount of $31 ml, from $52 ml which was the total of VAT in the end of June.
News source: BalkanWeb
Photo credits: Timescolonist