May 9 (Reuters) - Perpetual Energy Inc PMT.TO :
* Estimates that expenses will exceed revenues for remainder
of 2016 resulting in negative funds flow of $10 to $15 million
* Q1 average production was 18,378 BOE/D, down 19 percent
compared to Q1 of 2015
* Sees fy total oil and liquids production averaging close
to 1,700 BBL/D and natural gas sales averaging approximately 84
MMCF/D
* Reductions in all areas of spending, including operating,
financing and administrative costs, will continue in 2016
* Q1 eps C$0.70
* Q1 ffo C$0.0 per share
* Perpetual Energy Inc releases first quarter 2016 financial
and operating results
Source text for Eikon:
Further company coverage: PMT.TO
(Bengaluru Newsroom)