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BRIEF-Canacol Energy Ltd reports Q1 results

Published 2016-05-11, 04:14 p/m
© Reuters.  BRIEF-Canacol Energy Ltd reports Q1 results
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May 11 (Reuters) - Canacol Energy Ltd CNE.TO
* Average production volumes increased 21% to 10,933 boepd
for three months ended March 31, 2016
* Realized contractual corporate oil and gas sales averaging
approximately 20,000 boepd versus 11,220 boepd for previous
quarter
* AFFO for three months ended march 31, 2016 increased 59%
to $13.5 million compared to $8.5 million for three months ended
December 31, 2015
* Qtrly adjusted funds from operations per share $0.08
* Estimates that average net before royalty oil and gas
production for 2016 will range between 16,000 and 17,000 boepd
* Total corporate EBITDAX is anticipated to be approximately
$135 million for calendar 2016
* Total petroleum & natural gas revenues for Q1 2016
increased 30% to $22.7 million versus $17.4 million for three
months ended dec. 31, 2015
* Canacol energy ltd. increases first quarter sales 20% to
11,220 boepd and corporate netback 9% to $23.90/boe

Source text for Eikon: ID:nMKWbVM26a
Further company coverage: CNE.TO

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