03 Feb 2016
Rock Energy Announces 2015 Reserves
Rock reported 2015 year-end reserves that are not meaningfully different from its last update in December, though subsequent capital efficiency measures (F&D, FD&A, recycle ratios) are good and eclipse that of any year in the past 5 years. While not explicitly referenced, our 2016e forecast is coming down on anticipated 1Q16e production levels of 3,320 boe/d which is ~13% below that of our prior view,
as Rock focuses on capital conservation. With a commodity price update occurring within the ne ....
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Rock Energy Announces 2015 Reserves
R.E.A. Holdings plc (RE:LON) | 76.2 2.1 3.7% | Mkt Cap: 33.4m
- Published:
03 Feb 2016 -
Author:
Robert Fitzmartyn -
Pages:
7
Rock reported 2015 year-end reserves that are not meaningfully different from its last update in December, though subsequent capital efficiency measures (F&D, FD&A, recycle ratios) are good and eclipse that of any year in the past 5 years. While not explicitly referenced, our 2016e forecast is coming down on anticipated 1Q16e production levels of 3,320 boe/d which is ~13% below that of our prior view,
as Rock focuses on capital conservation. With a commodity price update occurring within the ne ....