Well tests drive junior energy company
Shares of Sea Dragon Energy (TSX: V.SDX) jumped more than 30% in early trade to 36.5 cents. The company announced before the market open that it had successfully completed testing at its Al Amir SE #4 well in the Gemsa concession in Egypt. As well, the company has moved its drilling rig, and begun drilling at its Geyad #2 appraisal well.
Junior energy stock pops on gas flow test
Corridor Resources (TSX: T.CDH) shares climbed 19% to $3.10 on Wednesday after the oil and gas producer/explorer reported the initial results of fracturing and flow-testing of the McCully L-38 and P-47 wells located in the northeastern segment of the McCully natural gas field in New Brunswick.
