Impact: Positive. Strong production performance and improving capital re-investment efficiencies have resulted in solid 3Q15 financial results featuring production in-line with our forecast and cash flow 5% ahead of expectations from capital spending significantly below our thinking. Further, this operational momentum has translated into updated 2015e guidance including annual production of 15,500 boe/d (up from 15,400 boe/d prior) from capital spending of $100 mm, 20% below the Company's origin ....

10 Nov 2015
PROVIDES STRONG 3Q15 FINANCIAL RESULTS, REVISES 2015E PRODUCTION GUIDANCE SLIGHTLY HIGHER FROM LOWER CAPITAL SPENDING

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PROVIDES STRONG 3Q15 FINANCIAL RESULTS, REVISES 2015E PRODUCTION GUIDANCE SLIGHTLY HIGHER FROM LOWER CAPITAL SPENDING
- Published:
10 Nov 2015 -
Author:
Cody R. Kwong -
Pages:
3 -
Impact: Positive. Strong production performance and improving capital re-investment efficiencies have resulted in solid 3Q15 financial results featuring production in-line with our forecast and cash flow 5% ahead of expectations from capital spending significantly below our thinking. Further, this operational momentum has translated into updated 2015e guidance including annual production of 15,500 boe/d (up from 15,400 boe/d prior) from capital spending of $100 mm, 20% below the Company's origin ....