La Cortez Energy, Inc. (LCTZ) Reports on First Quarter 2011 Results
La Cortez Energy, Inc. issued financial results along with an operational update on the company’s oil and gas properties for the first quarter of 2011. La Cortez Energy reported net production of 7,730 barrels of oil for the most recent quarter, compared to only 1,198 barrels of oil in the same period in 2010. On a daily basis, production was 98 barrels of oil per day compared to 24 barrels per day in the year earlier period. La Cortez Energy attributed the large production increase to work over activity at the Mirto-2 well. This well is located on the Maranta…