A Boundary Lake consolidating acquisition was finalized before the end of 2015, adding ~1,700 boe/d and 11.5 mmboe of 2P reserves. The $93.4 mm purchase price was funded through the recently announced, and successfully closed, $95 mm equity financing. 2016e guidance was revised higher to 38,800 boe/d on an unchanged capital program of $70 mm. Current production is well ahead of this at 44,000 boe/d. 4Q15 results reveal zero surprises with production, cash flow and spending all in line with both ....
15 Mar 2016
Consolidates Boundary Lake Assets, Increased 2016e Guidance, posts Solid 4Q16e Results
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Consolidates Boundary Lake Assets, Increased 2016e Guidance, posts Solid 4Q16e Results
Whitecap Resources Inc. (WCP:TSE) | 0 0 (-1.0%) | Mkt Cap: 3,323m
- Published:
15 Mar 2016 -
Author:
Cody R. Kwong -
Pages:
8
A Boundary Lake consolidating acquisition was finalized before the end of 2015, adding ~1,700 boe/d and 11.5 mmboe of 2P reserves. The $93.4 mm purchase price was funded through the recently announced, and successfully closed, $95 mm equity financing. 2016e guidance was revised higher to 38,800 boe/d on an unchanged capital program of $70 mm. Current production is well ahead of this at 44,000 boe/d. 4Q15 results reveal zero surprises with production, cash flow and spending all in line with both ....