Impact: Neutral. In light of the looming acquisition by Geo-Jade, Bankers has announced 1Q16 production of 17,363 bbl/d which tracked our forecast and was 4% lower q/q as the Company deferred all drilling activity at the start of the year to preserve balance sheet strength. The Company continues to monitor its EOR flood patterns which are continuing to perform as expected and to date is currently producing 4,952 bbl/d (29% of production) from its EOR program alone. During the quarter, Bankers co ....
05 Apr 2016
ANNOUNCES 1Q16 OPERATIONAL UPDATE
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
ANNOUNCES 1Q16 OPERATIONAL UPDATE
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
05 Apr 2016 -
Author:
Darren B. Engels -
Pages:
2
Impact: Neutral. In light of the looming acquisition by Geo-Jade, Bankers has announced 1Q16 production of 17,363 bbl/d which tracked our forecast and was 4% lower q/q as the Company deferred all drilling activity at the start of the year to preserve balance sheet strength. The Company continues to monitor its EOR flood patterns which are continuing to perform as expected and to date is currently producing 4,952 bbl/d (29% of production) from its EOR program alone. During the quarter, Bankers co ....