Bankers reported production, sales volumes and realized pricing in 3Q15 that was slightly better than expected, and as a result, our 3Q15e
cash flow estimate has increased 8% to US$38 mm and our 2015e cash flow estimate has increased 2% to US$147 mm. Most importantly, the EOR program continues to meet or exceed expectations, and is now expected to decrease the overall corporate decline rate from 30% to the range between 20% and 25% in 2016e. We have increased our 2016e production forecast by 4% ....
08 Oct 2015
Bankers Petroleum (BNK) Announces Positive 3Q15 Operational Update
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Bankers Petroleum (BNK) Announces Positive 3Q15 Operational Update
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
08 Oct 2015 -
Author:
Darren B. Engels -
Pages:
7
Bankers reported production, sales volumes and realized pricing in 3Q15 that was slightly better than expected, and as a result, our 3Q15e
cash flow estimate has increased 8% to US$38 mm and our 2015e cash flow estimate has increased 2% to US$147 mm. Most importantly, the EOR program continues to meet or exceed expectations, and is now expected to decrease the overall corporate decline rate from 30% to the range between 20% and 25% in 2016e. We have increased our 2016e production forecast by 4% ....