Bankers previously reported 2Q15 production of 20,050 bbl/d and sales volumes of 19,626 bbl/d. Cash flow for the quarter was strong at US$50 mm or US$0.19 per share, versus our estimate of US$39 mm or US$0.15 per share. The better than expected cash flow results were mostly due to lower than anticipated operating and transportation costs.

14 Aug 2015
Bankers Petroleum (BNK) Reports Strong 2Q15 Cash Flow

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Bankers Petroleum (BNK) Reports Strong 2Q15 Cash Flow
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
14 Aug 2015 -
Author:
Darren B. Engels -
Pages:
5 -
Bankers previously reported 2Q15 production of 20,050 bbl/d and sales volumes of 19,626 bbl/d. Cash flow for the quarter was strong at US$50 mm or US$0.19 per share, versus our estimate of US$39 mm or US$0.15 per share. The better than expected cash flow results were mostly due to lower than anticipated operating and transportation costs.