Coming off restriction from our participation in the Company’s most recent equity financing, whereby the Company issued ~34.3 mm common shares at a price of $3.35 per common share for gross proceeds of $115 mm, we update our estimates. Apart from incorporating the financing we have not made any changes to our estimates ahead of our upcoming commodity price update. Recall, the Company’s guidance includes net capital spending of $140-$145 mm and average annual production of 67,500 boe/d, which tak ....
20 Jun 2016
Bonavista Energy Closes $115 mm Equity Financing
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Bonavista Energy Closes $115 mm Equity Financing
Bonavista Energy (BNP:TSE) | 0 0 (-3.6%) | Mkt Cap: 351.8m
- Published:
20 Jun 2016 -
Author:
Michael Hearn -
Pages:
5
Coming off restriction from our participation in the Company’s most recent equity financing, whereby the Company issued ~34.3 mm common shares at a price of $3.35 per common share for gross proceeds of $115 mm, we update our estimates. Apart from incorporating the financing we have not made any changes to our estimates ahead of our upcoming commodity price update. Recall, the Company’s guidance includes net capital spending of $140-$145 mm and average annual production of 67,500 boe/d, which tak ....