Valeura Energy reported 1Q15 results that were in line with expectations, including production of 1,222 boe/d and cash flow of C$3.3 mm.
Production remained relatively strong throughout the quarter, particularly in the absence of drilling since January 2015. We expect
production to dip in 2Q15e, due to the lack of drilling, but expect production growth to resume in the second half of 2015e when drilling on
the TBNG-PTI joint venture lands (40% WI) resumes.
15 May 2015
Benefitting from a Strong Realized Natural Gas Price of $11/mcf in 1Q15
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Benefitting from a Strong Realized Natural Gas Price of $11/mcf in 1Q15
Valeura Energy reported 1Q15 results that were in line with expectations, including production of 1,222 boe/d and cash flow of C$3.3 mm.
Production remained relatively strong throughout the quarter, particularly in the absence of drilling since January 2015. We expect
production to dip in 2Q15e, due to the lack of drilling, but expect production growth to resume in the second half of 2015e when drilling on
the TBNG-PTI joint venture lands (40% WI) resumes.