BRIEF-Ironhorse Oil & Gas announces restart of Nisku l2l pool

Fri Jul 22, 2016 4:11pm EDT
 
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July 22 (Reuters) - Ironhorse Oil & Gas Inc :

* Ironhorse Oil & Gas Inc. Announces restart of Nisku l2l pool

* Continues to be "financially well-positioned, with existing positive working capital and no debt"

* Ironhorse oil & gas says pool has been shut in since January 2016 due to uneconomic conditions and in order to preserve value of Ironhorse's reserves

* Ironhorse Oil & Gas Inc says operator has advised production from pool was restarted without incident

* Ironhorse Oil & Gas Inc anticipates pool will remain on production provided commodity prices remain at an economic level

* Anticipates pool will remain on production provided commodity prices remain at an economic level Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)