Volumes for 4Q17 were previously released at 74,799 boe/d, while cash flow during the same period came in at $86.1 mm, or $0.33/sh, which is slightly higher than the prior consensus view of $0.32/sh. In an effort to focus on debt repayment, Management has reduced its 2018 guidance to a $135 - $155 mm capital program that will deliver volumes between 69,000 to 71,000 boe/d. Drilling will be focused on the company’s most liquids-rich plays, most notably in Strachan (Glauconite) and Mornin
02 Mar 2018
Meets expectations in 4Q17 results, Lowers guidance to preserve debt repayment strategy


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Meets expectations in 4Q17 results, Lowers guidance to preserve debt repayment strategy
Bonavista Energy (BNP:TSE) | 0 0 (-3.6%) | Mkt Cap: 351.8m
- Published:
02 Mar 2018 -
Author:
Cody R. Kwong -
Pages:
7 -
Volumes for 4Q17 were previously released at 74,799 boe/d, while cash flow during the same period came in at $86.1 mm, or $0.33/sh, which is slightly higher than the prior consensus view of $0.32/sh. In an effort to focus on debt repayment, Management has reduced its 2018 guidance to a $135 - $155 mm capital program that will deliver volumes between 69,000 to 71,000 boe/d. Drilling will be focused on the company’s most liquids-rich plays, most notably in Strachan (Glauconite) and Mornin