LXE reported average 4Q17 production of 3,802 boe/d (34% liquids). This was in line with pre-released volumes of ~3,802 boe/d (when reserves were released) and production volumes are up ~22% QoQ. Cash flow of $4.5mm ($0.02/share) was ahead of our estimate of $3.3mm ($0.02/share) due to higher liquids production and lower than forecasted operating and transportation costs.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
No surprises from year-end results
- Published:
25 Apr 2018 -
Author:
Stacey E. McDonald -
Pages:
6
LXE reported average 4Q17 production of 3,802 boe/d (34% liquids). This was in line with pre-released volumes of ~3,802 boe/d (when reserves were released) and production volumes are up ~22% QoQ. Cash flow of $4.5mm ($0.02/share) was ahead of our estimate of $3.3mm ($0.02/share) due to higher liquids production and lower than forecasted operating and transportation costs.