31 Mar 2016
Reports 4Q15 Results, Elects to Conserve Capital
Rock reported fourth quarter production and operating results short of forecast in part due to unscheduled shut-ins that have continued into 1Q16e within a weak pricing environment and Rock’s election to conserve capital, forgoing workovers. There is no update surrounding its strategic alternatives process, which remains ongoing. 1Q16 production is currently running below our prior expectation and we have adjusted our forecast accordingly on its election to not pursue workover or other drilling/ ....
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Reports 4Q15 Results, Elects to Conserve Capital
R.E.A. Holdings plc (RE:LON) | 66.0 0 0.0% | Mkt Cap: 28.9m
- Published:
31 Mar 2016 -
Author:
Robert Fitzmartyn -
Pages:
7
Rock reported fourth quarter production and operating results short of forecast in part due to unscheduled shut-ins that have continued into 1Q16e within a weak pricing environment and Rock’s election to conserve capital, forgoing workovers. There is no update surrounding its strategic alternatives process, which remains ongoing. 1Q16 production is currently running below our prior expectation and we have adjusted our forecast accordingly on its election to not pursue workover or other drilling/ ....