💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

BRIEF-Pine Cliff Energy Ltd reports Qtrly Loss per share $0.03

Published 2018-11-06, 09:25 p/m
© Reuters.  BRIEF-Pine Cliff Energy Ltd reports Qtrly Loss per share $0.03
PNE
-

Nov 6 (Reuters) - Pine Cliff Energy Ltd PNE.TO :

* . ANNOUNCES THIRD QUARTER 2018 RESULTS AND UPDATES GUIDANCE

* ENTERED INTO AN AMENDED AND RESTATED CREDIT AGREEMENT WITH ITS BANKING SYNDICATE FOR $11.0 MILLION REVOLVING CREDIT FACILITY

* BOARD OF DIRECTORS HAS APPROVED AN INCREASE IN ITS 2018 CAPITAL BUDGET FROM $10.4 MILLION TO $13.4 MILLION,

* INCREASE IN CAPITAL BUDGET WILL BE USED TO DRILL AN OIL WELL IN Q4 OF 2018.

* QTRLY ADJUSTED FUNDS FLOW PER BASIC AND DILUTED SHARE $0.01

* PINE CLIFF-ADJUSTING ITS 2018 PRODUCTION GUIDANCE FROM 20,000 - 20,500 BOE/D TO 19,500 - 20,000 BOE/D

* PINE CLIFF-DECREASE IN GUIDANCE DUE TO SHORT TERM VOLUNTARY SHUT-INS,RESULT OF LOWER NATURAL GAS PRICES,AND DELAYING CAPEX TO Q4 OF 2018

* QTRLY OIL AND GAS SALES (BEFORE ROYALTY EXPENSE) $25.63 MILLION VERSUS $25.65 MILLION

* QTRLY LOSS PER SHARE $0.03

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.