Mapan reported first quarter results that came in ahead of our estimates on both production and cash flow. Notable in the release was the announcement that TCPL has further restricted takeaway capacity on its NGTL system downstream the Elmworth gas plant, which has resulted in Mapan shutting-in an additional ~3.0 mmcf/d of production, taking 4,850 boe/d from 5,300 boe/d. Guidance for the year, however, has remained at 5,700 - 5,800 boe/d.
13 May 2015
Mapan 1Q15 Results, Further NGTL Related Restrictions Though Maintains Guidance
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Mapan 1Q15 Results, Further NGTL Related Restrictions Though Maintains Guidance
Tourmaline Oil Corp. (TOU:TSE) | 0 0 2.9% | Mkt Cap: 5,137m
- Published:
13 May 2015 -
Author:
Robert Fitzmartyn -
Pages:
7
Mapan reported first quarter results that came in ahead of our estimates on both production and cash flow. Notable in the release was the announcement that TCPL has further restricted takeaway capacity on its NGTL system downstream the Elmworth gas plant, which has resulted in Mapan shutting-in an additional ~3.0 mmcf/d of production, taking 4,850 boe/d from 5,300 boe/d. Guidance for the year, however, has remained at 5,700 - 5,800 boe/d.