📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

BRIEF-Corridor Resources Announces 2017/18 Guidance

Published 2018-02-13, 08:20 a/m
© Reuters.  BRIEF-Corridor Resources Announces 2017/18 Guidance
HWX
-

Feb 13 (Reuters) - Corridor Resources Inc CDH.TO :

* CORRIDOR ANNOUNCES HIGHER 2017/18 GUIDANCE AND REPORTS YEAR END RESERVES AND CONTINGENT RESOURCES

* CORRIDOR RESOURCES INC - UPDATE ITS GUIDANCE TO REFLECT SIGNIFICANTLY HIGHER NATURAL GAS PRICES FOR PERIOD FROM APRIL 1, 2017 TO MARCH 31, 2018

* CORRIDOR RESOURCES - 28% ESTIMATED INCREASE IN AVERAGE FORECASTED AGT PRICE FOR PERIOD FROM DEC 1, 2017 TO MARCH 31, 2018 TO $US9.50/MMBTU

* CORRIDOR RESOURCES INC SEES AVERAGE DAILY NATURAL GAS PRODUCTION FOR DEC 1, 2017 TO MARCH 31, 2018 OF 9.0 MMSCFPD

* CORRIDOR RESOURCES INC SEES AVERAGE DAILY NATURAL GAS PRODUCTION FOR APRIL 1, 2017 TO MARCH 31, 2018 OF 3.0 MMSCFPD

* CORRIDOR RESOURCES INC SEES CAPITAL EXPENDITURES FOR APRIL 1, 2017 TO MARCH 31, 2018 OF $3.6 MILLION

* CORRIDOR - SEES 55% ESTIMATED INCREASE IN SALES PRICE FOR UNHEDGED PRODUCTION VOLUMES FOR PERIOD DEC 1, 2017 TO MARCH 31, 2018 TO $14.55/MSCF

* CORRIDOR RESOURCES - HAS ENTERED INTO A FORWARD SALE DEAL FOR 2500 MMBTU/D FOR PERIOD FROM DEC 1, 2018 TO MARCH 31, 2019 AT $US7.40/MMBTU

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.