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BRIEF-Freehold Royalties Q3 FFO Per Share C$0.30

Published 2018-11-14, 04:46 p/m
Updated 2018-11-14, 04:50 p/m
BRIEF-Freehold Royalties Q3 FFO Per Share C$0.30

Freehold Royalties Ltd FRU.TO :

* . ANNOUNCES STRONG GROWTH IN FUNDS FROM OPERATIONS AND THIRD QUARTER RESULTS

* Q3 FFO PER SHARE C$0.30

* QTRLY EARNINGS PER SHARE $0.07

* QTRLY ROYALTY AND OTHER REVENUE $40.8 MILLION VERSUS $33.9 MILLION

* QTRLY ROYALTY PRODUCTION AVERAGED 10,322 BOE/D, DOWN 5% VERSUS Q3-2017 AND 7% WHEN COMPARED TO Q2-2018

* REVISING FY2018 AVERAGE PRODUCTION RANGE DOWNWARDS BY 4% TO 11,250-11,500 BOE/D

* MAINTAINING 2018 DRILLING FORECAST OF 20 NET WELLS

* REDUCED AECO NATURAL GAS PRICE ASSUMPTION TO $1.55/MCF FOR FY

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