Aug 8 (Reuters) - Cequence Energy Ltd CQE.TO :
* CEQUENCE ENERGY ANNOUNCES SECOND QUARTER FINANCIAL RESULTS
* QTRLY TOTAL REVENUE $12.97 MILLION VERSUS $14.61 MILLION
* PRODUCTION FOR THREE MONTHS ENDED JUNE 30, 2019 AVERAGED 6,142 BOE/D COMPARED TO PRODUCTION OF 6,334 BOE/D
* QTRLY LOSS PER SHARE $0.10
* CEQUENCE'S 2019 CAPITAL BUDGET IS APPROXIMATELY $13.0 MILLION
* CEQUENCE ENERGY- 2019 CAPITAL BUDGET WILL BE FUNDED FROM FUNDS FLOW FROM OPERATIONS AND PROCEEDS FROM PRIVATE PLACEMENT COMPLETED ON JUNE 27, 2019
* PLANS TO DRILL 2.0 GROSS (2.0 NET) DUNVEGAN HORIZONTAL OIL WELLS IN 2019
* SEES 2019 FUNDS FLOW FROM OPERATIONS $13 MILLION
* SEES 2019 AVERAGE PRODUCTION 5,800 BOE/D