StockMarketWire.com - Phoenix Global Resources said it completed eight unconventional vertical wells at its Puesto Rojas prospect in Argentina in the second half of 2018.

All of the wells were currently on test and producing.

Encouraging results from the well tests, together with well results from previous campaigns, had been used to help define the 2019 development plan for the area, the company said.

Average working interest daily production in the fourth quarter of 2018 was 9,985 barrels of oil equivalent, similar to the 9,946 boe produced in the third quarter.




At 9:44am: [LON:PGR] Phoenix Global Resources PLC share price was -0.25p at 25.25p



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