Crudecorp ASA (the "Company") produced on average 195
barrels of oil per day in Q4-2012.
Continuous steaming commenced on Chico Martinez on 8
October, and production has been gradually increasing
during the quarter. As a result, the average
production in the last 2 weeks of December 2012 has
been 378 barrels of oil per day.
Production volumes are preliminary and may be subject
Crudecorp ASA is an international independent oil and
gas exploration and production company engaged in the
acquisition, development and operation of oil and
natural gas properties in the United States.
Crudecorp ASA owns a 90% Working Interest in the
Chico Martinez oil field, located in the San Joaquin
valley in California. The field is operated through
the company´s wholly owned subsidiary, CMO Inc.
Gunnar Hviding (CEO), +47 915 32 393
Anniken Landré Bjerke (CFO), +47 992 95 314
This information is subject of the disclosure
requirements acc. to §5-12 vphl (Norwegian Securities