Ikkuma’s 4Q15 production was in line with expectations and spawned cash flow that trailed our estimates marginally. Management is electing to portray a cautious approach to 2016e capital outlay with a $6 to $10 mm program being contemplated given softness and volatility in the natural gas price outlook year to date. Corporate productive capacity in the range of 8,800 - 9,000 boe/d and an enviably low corporate decline rate (10-15%) should be sufficient to keep volumes in the 7,000-8,000 boe/d, d ....
21 Apr 2016
Announces Year-End Results, Prudently Cautious Approach to 2016e
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Announces Year-End Results, Prudently Cautious Approach to 2016e
Ikkuma’s 4Q15 production was in line with expectations and spawned cash flow that trailed our estimates marginally. Management is electing to portray a cautious approach to 2016e capital outlay with a $6 to $10 mm program being contemplated given softness and volatility in the natural gas price outlook year to date. Corporate productive capacity in the range of 8,800 - 9,000 boe/d and an enviably low corporate decline rate (10-15%) should be sufficient to keep volumes in the 7,000-8,000 boe/d, d ....