Market Reaction: Slightly positive. The Company continues delivering on its programme. With additional opportunities to grow production, our 2H16 forecasts of 400 bbl/d might be too low. The assets bought from Chinook are behaving well and have generated the low hanging fruit the Company hoped for. The increased production will allow the Company to recover the abandonment deposit freeing up some cash for a summer work programme. Net oil production in Canada in March was 432 bbl/d. Three addit
06 Apr 2016
STRONG PRODUCTION AND DEVELOPMENT UPDATE IN CANADA
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STRONG PRODUCTION AND DEVELOPMENT UPDATE IN CANADA
Market Reaction: Slightly positive. The Company continues delivering on its programme. With additional opportunities to grow production, our 2H16 forecasts of 400 bbl/d might be too low. The assets bought from Chinook are behaving well and have generated the low hanging fruit the Company hoped for. The increased production will allow the Company to recover the abandonment deposit freeing up some cash for a summer work programme. Net oil production in Canada in March was 432 bbl/d. Three addit