Lightstream announced 1Q16 results that were in line on a production basis but behind on cash flow as a result of weaker than expected price realizations. Production guidance for 1H16e has been revised upwards by 2% at the mid-point though will become more gas biased given an increased weighting from high impact Falher wells. No development spending is planned for 2Q16. The Company is currently in the process of seeking financing alternatives to meet both a junior debt interest payment obligatio ....
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Announces 1Q16 Results, Overshadowed by Debt Repayment Issues
- Published:
05 May 2016 -
Author:
Cody R. Kwong -
Pages:
6
Lightstream announced 1Q16 results that were in line on a production basis but behind on cash flow as a result of weaker than expected price realizations. Production guidance for 1H16e has been revised upwards by 2% at the mid-point though will become more gas biased given an increased weighting from high impact Falher wells. No development spending is planned for 2Q16. The Company is currently in the process of seeking financing alternatives to meet both a junior debt interest payment obligatio ....