Ithaca Stella Well Results
Ithaca Energy Inc. (TSX: IAE) has announced a successful flow test on its first development well drilled in the Stella field. The company described the test as highly successful and provided an update on its Greater Stella Area operations. The well was drilled to a depth of 9,739 feet with a 2,500 foot horizontal in the Palaeocene Andrew sandstone reservoir. The well reached a maximum flow rate of 10,835 barrels of oil equivalent per day, which was limited by the capacity of the testing equipment. The well is currently being suspended and will begin operations upon completion.
Robot Gold Mine
Despite a recovering economy and record corporate profits, the American labor force is the smallest it has been since the Reagan administration. While there are many contributing factors, the growing use of robotics is adding fuel to the flame. As this trend continues, there are a growing number of investment opportunities in automation. For more on those opportunities, click here.