Greenfields reported 4Q15 production results that were better than expected. At the field level, production was 4,428 boe/d (FCC 4,125 boe/d). Net to Greenfields,production was 1,178 boe/d (FCC 1,100 boe/d). The Company’s 4Q15 results are secondary to the proposed consolidation of Bahar Energy (33.3% WI to 100% WI) and restructuring plan, which is expected to close in May 2016e. Please refer to our report, Greenfields Petroleum (GNF) Consolidates Its Interest and Announces Restructuring Transact ....
02 May 2016
Greenfields Petroleum Reports 4Q15 Results
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Greenfields Petroleum Reports 4Q15 Results
Greenfields reported 4Q15 production results that were better than expected. At the field level, production was 4,428 boe/d (FCC 4,125 boe/d). Net to Greenfields,production was 1,178 boe/d (FCC 1,100 boe/d). The Company’s 4Q15 results are secondary to the proposed consolidation of Bahar Energy (33.3% WI to 100% WI) and restructuring plan, which is expected to close in May 2016e. Please refer to our report, Greenfields Petroleum (GNF) Consolidates Its Interest and Announces Restructuring Transact ....