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Tipperary Corporation Announces Initial Gas Sales in Colorado.

Publication: PR Newswire
Publication Date: 27-MAY-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
DENVER, May 27 /PRNewswire-FirstCall/ -- Tipperary Corporation , an independent energy company, today announced that it recently commenced gas sales from its Frenchman project in Phillips County, Colorado. On May 22, Tipperary began selling 1 million cubic feet of gas per day (Mmcfd), and expects to increase volumes to 1.7 Mmcfd once two additional wells are connected in one-to-two weeks. At current gas prices of approximately $6 per Mcf, the 1.7 Mmcfd is expected to generate revenue...

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