Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

BRIEF-Petrus Resources Q4 loss per share $1.04

Published 2016-03-23, 08:06 a/m
© Reuters.  BRIEF-Petrus Resources Q4 loss per share $1.04
NG
-
PRQ
-

March 23 (Reuters) - Petrus Resources Ltd PRQ.TO :
* Total proved plus probable reserves increased from 40.6
mmboe in 2014 to 49.2 mmboe in 2015
* Currently has hedges in place for approximately 65 pct of
its 2016 forecast production volumes
* Production in Q4 averaged 8,172 boe per day, a decrease of
17 pct
* Says board of directors approved a base capital budget of
$11.0 million for first half of 2016
* Production significantly impacted during the year as a
result of third party pipeline restrictions which limited
production
* Oil and natural gas revenue $20.5 million at Dec 31,2015
versus $22 million at Sept 30,2015
* Currently has hedges in place for about 65 pct of 2016
forecast production volumes, about 35 pct of its 2017 forecast
production volumes
* Capital budget for first half of 2016 is expected to be
funded with a portion of cash flow
* Petrus Resources Ltd qtrly loss per share $1.04

Source text for Eikon: ID:nCCN46slyg
Further company coverage: PRQ.TO

(Bengaluru Newsroom: +1 646 223 8780)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.