Greenfields reported 1Q16 field production of 4,033 boe/d (1,053 boe/d net) and cash flow of negative US$2 mm. Results were modestly lower than expected, but inconsequential when compared to the Baghlan acquisition and corporate restructuring that is expected to close imminently.
31 May 2016
1Q16 Results Inconsequential to Acquisition and Restructuring Plan
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1Q16 Results Inconsequential to Acquisition and Restructuring Plan
Greenfields reported 1Q16 field production of 4,033 boe/d (1,053 boe/d net) and cash flow of negative US$2 mm. Results were modestly lower than expected, but inconsequential when compared to the Baghlan acquisition and corporate restructuring that is expected to close imminently.