February 7, 2018 / 1:14 PM / 3 months ago

BRIEF-Perpetual Sees ‍2018 Capital Budget Of $23 Mln To $27 Mln​

Feb 7 (Reuters) - Perpetual Energy Inc:

* PERPETUAL ANNOUNCES 2017 EXIT RATE GROWTH OF 54% AND PROVIDES OPERATIONS UPDATE, REPORTS YEAR-END RESERVES REPLACING 248% OF PRODUCTION AND REVISES 2018 CAPITAL PLAN AND OUTLOOK

* PERPETUAL ENERGY INC SEES ‍2018 CAPITAL BUDGET OF $23 MILLION TO $27 MILLION​

* PERPETUAL ENERGY INC - ‍FORECASTS PRODUCTION TO AVERAGE APPROXIMATELY 11,500 BOE/D FOR 2018​

* PERPETUAL ENERGY INC - Q1 2018 PRODUCTION IS EXPECTED TO AVERAGE CLOSE TO 13,300 BOE/D, ABOUT 1,100 BOE/D HIGHER THAN PREVIOUSLY FORECAST

* PERPETUAL ENERGY INC - SEES 2018 CASH COSTS, INCLUDING ROYALTIES, OF $13.00 TO $14.00 PER BOE

* PERPETUAL ENERGY INC - ‍FORECASTS 2018 ADJUSTED FUNDS FLOW OF $33 MILLION TO $37 MILLION ($0.56/SHARE TO $0.62/SHARE)​

* PERPETUAL ENERGY INC - TOTAL PROVED PLUS PROBABLE RESERVES WERE 66.6 MMBOE AT DEC 31, 2017, UP 9 PERCENT FROM YEAR-END 2016

* PERPETUAL ENERGY-‍AT CURRENT FORWARD MARKET FOR NATURAL GAS & OIL PRICES, 2018 ADJUSTED FUNDS FLOW IS EXPECTED TO EXCEED CAPITAL SPENDING,OTHER OBLIGATIONS​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below