Bankers previously reported 4Q15 production of 18,139 bbl/d, while cash flow of US$31 mm was less than our estimate of US$36 mm, due to differences in a realized hedging gain and a realized foreign exchange loss. Our forward looking production and financial estimates for 2016e and 2017e remain relatively unchanged. The Company previously reported 1P reserves of 125 mmbbl and 2P reserves of 202 mmbbl. Please refer to Bankers Reports Reserves that Remain Flat Y/Y. The audit of the US$57 mm tax ass ....
10 Mar 2016
Reports Year-End 2015 Results and Forward Estimates Remain Relatively Unchanged
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Reports Year-End 2015 Results and Forward Estimates Remain Relatively Unchanged
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
10 Mar 2016 -
Author:
Darren B. Engels -
Pages:
7
Bankers previously reported 4Q15 production of 18,139 bbl/d, while cash flow of US$31 mm was less than our estimate of US$36 mm, due to differences in a realized hedging gain and a realized foreign exchange loss. Our forward looking production and financial estimates for 2016e and 2017e remain relatively unchanged. The Company previously reported 1P reserves of 125 mmbbl and 2P reserves of 202 mmbbl. Please refer to Bankers Reports Reserves that Remain Flat Y/Y. The audit of the US$57 mm tax ass ....