Elster releases results from initial production

Elster Oil & Gas (Elster) published today the production results for new wells which were drilled from mulitiple pads and commenced production in February and March. Elster´s average working interest in these wells are approximately 35%. During the first 30 days of stable production Elster reached total net production of 7.493 barrels of oil equivalent per day (6.055 barrels of oil per day). The production comes from 25 wells with 1,5, 2 and 2,5-mile lateral lengths. Elster´s production has not been hedged yet.