Valeura reported 4Q17 results that were in line with expectations. The company posted a C$55 mm capital program over 2018e and 2019e that will focus almost exclusively on the deep, unconventional basin centered natural gas accumulation play. We have reduced our 2018e and 2019e production forecast, which is based exclusively on the shallow program. With minimal focus and spending on the shallow natural gas zones, production will be impacted by natural declines. We do not view this as consequen
22 Mar 2018
Year-end 2017 results and continued focus on the deep basin centered gas accumulation
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Year-end 2017 results and continued focus on the deep basin centered gas accumulation
Valeura reported 4Q17 results that were in line with expectations. The company posted a C$55 mm capital program over 2018e and 2019e that will focus almost exclusively on the deep, unconventional basin centered natural gas accumulation play. We have reduced our 2018e and 2019e production forecast, which is based exclusively on the shallow program. With minimal focus and spending on the shallow natural gas zones, production will be impacted by natural declines. We do not view this as consequen