The
company
said
in
a
statement
on
Thursday
that
the
budget
accounted
for
the
drilling
and
completion
of
30
to
24
wells
targeting
the
Slave
Point
formation,
in
addition
to
tie-ins
to
pipelines
and
facilities.
The
budget
also
accommodates
for
waterflood
schemes
and
maintenance.
The
company
said
it
would
be
financed
with
a
combination
of
cash
flow
and
the
company’s
expanded
credit
facility.
In
a
move
to
accelerate
the
implementation
of
the
waterflood
schemes,
Pinecrest
had
drilled
12
infill
horizontal
wells
in
the
third
and
fourth
quarters
of
2012.
As
well
as
the
Red…
