G2 Energy Corp (CSE:GTOO, OTC:GTGEF) reported its monthly oil production from the Masten Unit in Texas for the month of April.
Oil production for April was estimated by the company at 1,943 barrels, generating gross revenue of US$156,289, which equated to US$118,524 net to G2.
The company also confirmed its final figures for the prior month, with March yielding 2,364 barrels, generating gross revenue of US$183,118 and US$138,871 net.
G2 Energy, which is set-up to acquire and develop ‘overlooked, low-risk, high-return’ opportunities, highlighted that it was continuing its five-well workover program at the Masten unit and this initiative was now nearing completion.
It expects to report the results as soon as stable production has been achieved.
The company noted that some production volumes in April were impacted due to environmental conditions.