We view Long Run’s year-end results largely as a non-event in the context of the previously announced sale of the Company to Calgary Sinoenergy Investment Corp. Fourth quarter results saw production that was largely in line with our thinking, while cash flow was ahead primarily on lower royalties and production costs. Year-end reserves were down in all categories, reflecting lower commodity prices and a muted capital program in 2015. In light of the pending sale of the Company, Management has no ....
11 Mar 2016
Reports Year-End Results, Arrangement Set to Close by End of April
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Reports Year-End Results, Arrangement Set to Close by End of April
Lar Espana Real Estate SOCIMI SA (0QRL:LON) | 0 0 0.0%
- Published:
11 Mar 2016 -
Author:
Michael Hearn -
Pages:
7
We view Long Run’s year-end results largely as a non-event in the context of the previously announced sale of the Company to Calgary Sinoenergy Investment Corp. Fourth quarter results saw production that was largely in line with our thinking, while cash flow was ahead primarily on lower royalties and production costs. Year-end reserves were down in all categories, reflecting lower commodity prices and a muted capital program in 2015. In light of the pending sale of the Company, Management has no ....