Impact: Positive as this sale came in at compelling metrics and will allow Trilogy to pay down debt in the near term without adversely affecting the longer term growth prospects of the Company while also reducing its capital commitments over the remainder of 2015e and 2016e. Additionally the Company will be able to focus on 100% working interest projects in the Duvernay and Montney (Kaybob oil and Presley gas) projects in 2016e where the pace of development will be at the sole discretion of the ....
19 Nov 2015
ANNOUNCES THE SALE OF CERTAIN DUVERNAY ASSETS FOR US$85 MILLION AND UPDATES CAPITAL EXPENDITURE GUIDANCE AND BORROWING BASE LEVELS
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ANNOUNCES THE SALE OF CERTAIN DUVERNAY ASSETS FOR US$85 MILLION AND UPDATES CAPITAL EXPENDITURE GUIDANCE AND BORROWING BASE LEVELS
Treatt plc (TET:LON) | 468 -60.9 (-2.7%) | Mkt Cap: 286.8m
- Published:
19 Nov 2015 -
Author:
Cody R. Kwong -
Pages:
3
Impact: Positive as this sale came in at compelling metrics and will allow Trilogy to pay down debt in the near term without adversely affecting the longer term growth prospects of the Company while also reducing its capital commitments over the remainder of 2015e and 2016e. Additionally the Company will be able to focus on 100% working interest projects in the Duvernay and Montney (Kaybob oil and Presley gas) projects in 2016e where the pace of development will be at the sole discretion of the ....