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BRIEF-Raging River Exploration Initiates Process To Review Strategic Repositioning

Published 2018-03-05, 05:57 p/m
© Reuters.  BRIEF-Raging River Exploration Initiates Process To Review Strategic Repositioning
RRX
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March 5 (Reuters) - Raging River Exploration Inc RRX.TO :

* RAGING RIVER EXPLORATION INC. INITIATES PROCESS TO REVIEWSTRATEGIC REPOSITIONING, ANNOUNCES FOURTH QUARTER AND YEAR END2017 OPERATING AND FINANCIAL RESULTS AND PROVIDES OPERATIONSUPDATE

* RAGING RIVER EXPLORATION SAYS "‍BELIEVES THAT CURRENTTRADINGPRICE OF ITS COMMON SHARES DOES NOT ADEQUATELY REFLECTUNDERLYING VALUE OF COMPANY​"

* RAGING RIVER EXPLORATION - TO IDENTIFY AND CONSIDER RANGEOFSTRATEGIC ALTERNATIVES, INCLUDING A MERGER, CORPORATE SALE,CORPORATE RESTRUCTURING

* RAGING RIVER EXPLORATION - BOARD APPOINTED INDEPENDENTCOMMITTEE, CHAIRED BY INDEPENDENT DIRECTOR KEVIN OLSON, TOFACILITATE & LEAD STRATEGIC REVIEW

* RAGING RIVER EXPLORATION INC - QTRLY FFO WAS $0.36 PERBASIC​SHARE

* RAGING RIVER EXPLORATION - GMP FIRSTENERGY HAS BEENENGAGED ASEXCLUSIVE FINANCIAL ADVISOR TO CO IN CONNECTION WITH REVIEW

* RAGING RIVER EXPLORATION INC - QTRLY AVERAGE PRODUCTION OF23,676 BOE/D, UP 16%​

* RAGING RIVER EXPLORATION INC - ANTICIPATE Q1 2018PRODUCTION TOAVERAGE 23,500 TO 24,000 BOE/D

* RAGING RIVER EXPLORATION INC - ANTICIPATE Q1 2018 CAPITALSPENDING TO BE APPROXIMATELY $110 MILLION TO $115 MILLION

* RAGING RIVER EXPLORATION INC - 2018 AVERAGE PRODUCTIONGUIDANCEOF 24,500 BOE/D REMAINS INTACT

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