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BRIEF-Cona Resources Ltd says ‍Qtrly Loss Per Share $1.07‍

Published 2018-03-06, 09:10 p/m
BRIEF-Cona Resources Ltd says ‍Qtrly Loss Per Share $1.07‍
CONA
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March 6 (Reuters) - Cona Resources Ltd CONA.TO :

* ANNOUNCES FOURTH QUARTER & YEAR-END 2017 RESULTS ANDREVISED2018 GUIDANCE

* SAYS ‍REVISED GUIDANCE FOR 2018 REFLECTING RECENT ASSETDISPOSITIONS AND CONTINUED WEAKNESS IN CANADIAN HEAVY OILPRICES​

* QTRLY LOSS PER SHARE $1.07‍

* CONA RESOURCES - ‍GUIDANCE FOR 2018, BASED ON A WTI PRICEOFUS$60.00/BBL AND WTI/WCS DIFFERENTIAL OF US$21.50/BBL, INCLUDESPRODUCTION OF 16,300 BOE/D​

* ‍CAPITAL EXPENDITURES ARE FORECAST TO BE $44.5 MILLION IN2018,WHICH INCLUDES DRILLING OF 31 GROSS WELLS​

* ‍QTRLY TOTAL AVERAGE DAILY PRODUCTION 16,739 BOE/D VERSUS17,606BOE/D

* SEES FY 2018 FFO PER SHARE $0.62 EXCLUDING ITEMS

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