Striker reported its year-end reserve book, which came in largely as expected given a year that saw limited capital investment. Reserves were largely at across the PDP and 1P categories, although were up modestly on a 2P basis. More noteworthy would be the announcement of a strategic alternatives process with a view to enhance shareholder value. In light of the strategic review process, we have pulled back on our 2016e capital spending assumptions leading to a downdraft in our production forec ....
17 Mar 2016
Exploration Reports 2015 Year-End Reserves, Initiates Strategic Review Process
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Exploration Reports 2015 Year-End Reserves, Initiates Strategic Review Process
Striker reported its year-end reserve book, which came in largely as expected given a year that saw limited capital investment. Reserves were largely at across the PDP and 1P categories, although were up modestly on a 2P basis. More noteworthy would be the announcement of a strategic alternatives process with a view to enhance shareholder value. In light of the strategic review process, we have pulled back on our 2016e capital spending assumptions leading to a downdraft in our production forec ....