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BRIEF-Anderson Energy expects Q3 production to be 1,800-2,000 boed

Published 2015-08-13, 05:44 p/m
© Reuters.  BRIEF-Anderson Energy expects Q3 production to be 1,800-2,000 boed
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Aug 13 (Reuters) - Anderson Energy Inc AXL.TO :
* Announces 2015 second quarter results
* Company expects production for the third quarter of 2015 to be 1,800 to 2,000
boed
* Qtrly funds from operations per share $0.01
* Says company has shut in or has proceeded to abandon 177 boed of shallow gas
production in the first half of the year
* Company has made significant changes to its cost structure
* Says production in the first half of the year was 2,481 boed
* Looking at opportunities to re-engineer completions operations;working with
the goal of reducing capital costs by 30%
* Says has not hedged any crude oil or natural gas volumes at this time

* Source text for Eikon ID:nMKWTh9q8a

* Further company coverage AXL.TO

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