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BRIEF-Nuvista Energy Says Annual 2019 Nuvista Production Averaged About 50,800 BOE/d

Published 2020-01-14, 05:00 p/m
© Reuters.  BRIEF-Nuvista Energy Says Annual 2019 Nuvista Production Averaged About 50,800 BOE/d
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Jan 14 (Reuters) - Nuvista Energy Ltd NVA.TO :

* NUVISTA ENERGY LTD - PIPESTONE SOUTH PRODUCTION ON FULL RUN-TIME DAYS CONTINUES TO AVERAGE ABOUT 10,500 BOE/D INCLUDING APPROXIMATELY 36% CONDENSATE

* NUVISTA ENERGY LTD - AT END OF 2019, ALL 11 WELLS REACHED IP60

* NUVISTA ENERGY LTD - CURRENTLY POSSESS HEDGES WHICH COVER 57% OF PROJECTED 2020 LIQUIDS PRODUCTION AT A WTI FLOOR PRICE OF C$77.24/BBL

* NUVISTA ENERGY LTD - CURRENTLY POSSESS HEDGES WHICH COVER 46% OF PROJECTED 2020 GAS PRODUCTION AT A PRICE OF C$1.90/GJ

* NUVISTA ENERGY - IN Q4 ACHIEVED RECORD PRODUCTION WITH COMMENCEMENT OF PIPESTONE SOUTH PRODUCTION, REACHING AN AVERAGE OF ABOUT 57,000 BOE/D

* NUVISTA ENERGY - EXPERIENCED CHALLENGING THIRD-PARTY PIPESTONE MIDSTREAM OUTAGES DURING QUARTER WHICH REDUCED AVERAGE QTRLY PRODUCTION BY ABOUT 2,000 BOE/D

* NUVISTA ENERGY LTD - CHALLENGES WILL BE RESOLVED THROUGH Q1 OF 2020

* NUVISTA ENERGY LTD - ANNUAL 2019 NUVISTA PRODUCTION AVERAGED APPROXIMATELY 50,800 BOE/D

* NUVISTA ENERGY LTD - REAFFIRM ALL OF 2020 PLANS INCLUDING PREVIOUS GUIDANCE

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