AUSTRALIAN smallcap oil producer Fremont Petroleum will slowly increase its oil production marginally, thanks to the stabilisation of the oil price after April’s record lows.
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ASX-listed Fremont confirmed a workover program was underway to bring 26 wells in Colorado and Kentucky, US, online and deliver more consistent daily production, which it hopes will give it a revenue
Oil inventory sitting at about 3500bbls
Big production boost at Manora oilfield
Fremont begins workover at Trey Leases
Fremont raises $1.8M for growth
