4Q17 production of 21,489 boe/d (95% gas) had been pre-released in mid-February with its reserve report. This results in 2017 annual production of 21,408 boe/d. Cash flow in the quarter of $3.8mm ($0.01/shr) was also in line with our estimate of $4.2mm ($0.01/shr). This resulted in annual cash flow of $28.7mm ($0.09/shr) compared to our estimate of $29.1mm ($0.09/shr). Capex during the quarter was $3.1mm, which was below 4Q17 cash flow during a challenging quarter for natural gas prices. For
14 Mar 2018
No surprises from 2017YE results
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No surprises from 2017YE results
Pine Cliff Energy Ltd. (PNE:TSE) | 0 0 0.0% | Mkt Cap: 92.1m
- Published:
14 Mar 2018 -
Author:
Stacey E. McDonald -
Pages:
6
4Q17 production of 21,489 boe/d (95% gas) had been pre-released in mid-February with its reserve report. This results in 2017 annual production of 21,408 boe/d. Cash flow in the quarter of $3.8mm ($0.01/shr) was also in line with our estimate of $4.2mm ($0.01/shr). This resulted in annual cash flow of $28.7mm ($0.09/shr) compared to our estimate of $29.1mm ($0.09/shr). Capex during the quarter was $3.1mm, which was below 4Q17 cash flow during a challenging quarter for natural gas prices. For