Impact: Slightly Positive. Striker's 1Q15 results featured production and cash flow that was ahead of our expectations from capital spending that was lower than we had anticipated. Further, the Company's Board of Directors has approved an expanded 2015e capital budget of $22 mm, up from $11 mm prior, which will allow for 3 additional Belly River wells to be drilled with a corresponding 10% increase to its annual production guidance to 2,650 boe/d (up from 2,400 boe/d prior).
27 May 2015
STRIKER EXPLORATION CORP. (SKX) ANNOUNCES FIRST QUARTER OPERATING AND FINANCIAL RESULTS AND INCREASED GUIDANCE
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STRIKER EXPLORATION CORP. (SKX) ANNOUNCES FIRST QUARTER OPERATING AND FINANCIAL RESULTS AND INCREASED GUIDANCE
Impact: Slightly Positive. Striker's 1Q15 results featured production and cash flow that was ahead of our expectations from capital spending that was lower than we had anticipated. Further, the Company's Board of Directors has approved an expanded 2015e capital budget of $22 mm, up from $11 mm prior, which will allow for 3 additional Belly River wells to be drilled with a corresponding 10% increase to its annual production guidance to 2,650 boe/d (up from 2,400 boe/d prior).