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BRIEF-Bonavista Energy posts Q3 FFO C$0.44/shr

Published 2015-11-05, 06:58 p/m
© Reuters.  BRIEF-Bonavista Energy posts Q3 FFO C$0.44/shr
BNP
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Nov 5 (Reuters) - Bonavista Energy Corp BNP.TO :
* Announces 2015 third quarter results
* Q3 FFO per share C$0.44
* Says range for capital expenditure budget for 2016 has been set to $210 and
$240 million
* Sees drilling for 2016 between 50 and 60 net wells, to generate production of
between 76,000 boe and 79,000 boe per day
* Q4 annual production expected to be between 79,000-80,000 boe per day,
generating about $375-$385 million of funds from operations
* Says capital budget is designed to achieve a total payout ratio of between
85% and 95% for 2016

* Source text for Eikon urn:newsml:reuters.com:*:nMKWYzmDxa
* Further company coverage BNP.TO

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