The Company’s 4Q15e production figure was ~5% behind our forecast however cash flow was 7% ahead on higher realized pricing and lower production costs. Boulder’s 2P reserves were largely flat since being spun out of DeeThree Exploration in May 2015, however 1P and PDP reserves were up 5% and 3% respectively. F&D costs over this period came in at $18.18/boe 2P and $18.90/boe 1P. The Company remains on track to close its previously announced going-private transaction with ARC Financial on or befor ....
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Posts 2015 Year-End Results
The Company’s 4Q15e production figure was ~5% behind our forecast however cash flow was 7% ahead on higher realized pricing and lower production costs. Boulder’s 2P reserves were largely flat since being spun out of DeeThree Exploration in May 2015, however 1P and PDP reserves were up 5% and 3% respectively. F&D costs over this period came in at $18.18/boe 2P and $18.90/boe 1P. The Company remains on track to close its previously announced going-private transaction with ARC Financial on or befor ....