Delphi reported 2Q19 results which largely lagged expectations as funds flow of $12.0 mm ($0.06/sh) missed both GMPFE and consensus forecasts of $14.6 mm ($0.08/sh) and $13.5 mm ($0.07/sh), respectively. Having wrapped up its winter drilling program in 1Q19, capital expenditures were a scant $4.4 mm, and were primarily directed towards completion operations of the 13-34 West Bigstone pad.
09 Aug 2019
Drilling to recommence in 4Q19, volume additions to follow early in 2020e
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Drilling to recommence in 4Q19, volume additions to follow early in 2020e
Delphi Energy (DEE:TSE) | 0 0 -1.1% | Mkt Cap: 167.0m
- Published:
09 Aug 2019 -
Author:
Cody R. Kwong -
Pages:
7
Delphi reported 2Q19 results which largely lagged expectations as funds flow of $12.0 mm ($0.06/sh) missed both GMPFE and consensus forecasts of $14.6 mm ($0.08/sh) and $13.5 mm ($0.07/sh), respectively. Having wrapped up its winter drilling program in 1Q19, capital expenditures were a scant $4.4 mm, and were primarily directed towards completion operations of the 13-34 West Bigstone pad.