Impact: Neutral. The Company reported results that we view as largely in line with our estimates. While the announced capital program will have our 2016e capex moving down, we would expect proforma 2016e production numbers to be relatively less affected given the Company's current production capability (9,000-10,000 boe/d) and low decline (10-15%) assets.
14 Apr 2016
ANNOUNCES FOURTH QUARTER AND YEAR END 2015 FINANCIAL AND OPERATING RESULTS
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ANNOUNCES FOURTH QUARTER AND YEAR END 2015 FINANCIAL AND OPERATING RESULTS
Impact: Neutral. The Company reported results that we view as largely in line with our estimates. While the announced capital program will have our 2016e capex moving down, we would expect proforma 2016e production numbers to be relatively less affected given the Company's current production capability (9,000-10,000 boe/d) and low decline (10-15%) assets.