Release: Cambridge Energy Corp. releases Indonesian Q4 2000 production number
Tuesday, February 27 2001 - 04:30 AM WIB
Cambridge Energy Corp., an oil and gas exploration and production company with producing properties in Louisiana and Indonesia, today announced production numbers from its Indonesian operations for the Quarter ended Dec. 31, 2001.
Its four fields on Irian Jaya in Indonesia produced 29,956 barrels of oil net to the Technical Assistance Contract or ``shareable oil'' marketed at an average price for the Quarter of US$29.32 per barrel for a total of $862,074. This production represents a 13 percent increase over the prior quarter.
``Indonesian operations again for the Quarter was a consistent performer aided by continued higher energy prices,'' said Perry West, chief executive officer of Cambridge Energy Corp.
Cambridge Energy Corp. is engaged in the acquisition, development and operation of producing oil and natural gas properties with proven reserves. Further information can be found at the company's Web site: http://www.cambridgeenergy.com.
Contact: Cambridge Energy Corp., Jonathan Bates, 888/285-5677, www.cambridgeenergy.com; or Magnum Financial Group, Michael Manahan, 213/488-0443 (Investor Relations), mike@magnumfinancial.com. (*)