Waldron Energy Corporation provided production and capital expenditure guidance for first half of 2014. For the period, the company expects capital budget of approximately $5 million - $6 million which will be funded from cash flow from operations. This first half of 2014 capital budget represents the drilling of one Glauconite horizontal well, the placing on production of the previously announced December 2013 Falher oil well at Crystal 16-32-44-3W5 and certain workovers.

This is expected to result in first half 2014 average production of approximately 1,950 boe per day - 2,050 boe per day (33% liquids), generating an estimated field netback of $8 million - $9 million and $6 million - $7 million after G&A and interest.