Market Impact: Negative. While 1Q15 production of 19,767 bbl/d and sales volumes of 20,283 bbl/d were previously released, cash flow results were below expectations at approximately US$25 mm (FCC US$39 mm). The lower than anticipated 1Q15 cash flow results were mostly attributed to a higher cost structure than forecast, which we will true-up with Company management.
07 May 2015
BANKERS PETROLEUM LTD. (BNK) ANNOUNCES 1Q15 RESULTS
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BANKERS PETROLEUM LTD. (BNK) ANNOUNCES 1Q15 RESULTS
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
07 May 2015 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Negative. While 1Q15 production of 19,767 bbl/d and sales volumes of 20,283 bbl/d were previously released, cash flow results were below expectations at approximately US$25 mm (FCC US$39 mm). The lower than anticipated 1Q15 cash flow results were mostly attributed to a higher cost structure than forecast, which we will true-up with Company management.