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BRIEF-Argent Energy reports Q2 loss of C$0.27 per share

Published 2015-08-11, 05:06 p/m
© Reuters.  BRIEF-Argent Energy reports Q2 loss of C$0.27 per share
AET_u
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Aug 11 (Reuters) - Argent Energy Trust AET_u.TO :
* Reports second quarter 2015 results
* Q2 loss per share C$0.27
* Says oil & gas revenue was $22.1 million in Q2 2015 compared to $22.0 million
in Q1 2015
* Production decreased to 4,942 boe/d in Q2 2015 from 5,819 boe/d in Q1 2015
* Says capital expenditures for the balance of the year are expected to be
approximately US$6 million
* Says level of capital expenditure is expected to be funded by cashflow from
operations
* Says the 2015 annual production target is now approximately 4,500 boe/d
(approximately 67% oil and ngls)
* Sees Q4 2015 production rate of approximately 4,300 boe/d to 4,400 boe/d
* Says funds flow from operations $0.22 per unit in Q2 2015

* Source text for Eikon ID:nCNW7Ry4pa

* Further company coverage AET_u.TO

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