OPERATIONS

American Patriot strikes oil early

AUSTRALIAN junior American Patriot has struck oil at its first well, becoming a commercial oil producer less than four months after listing on the Australian Securities Exchange.

Anthony Barich

The company reported on Tuesday that the Fort Peck 6-32 well had been producing for nine days, with an initial production of 508 barrels per day settling back to an average flow rate of 216bpd in the Lustre...

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