March 12, 2018 / 12:39 PM / 2 months ago

BRIEF-Ultra Petroleum Announces 54.5 MMcfe/D Initial Test Rate On Most Recent Lower Lance Horizontal Well

March 12 (Reuters) - Ultra Petroleum Corp:

* ULTRA PETROLEUM ANNOUNCES 54.5 MMCFE/D INITIAL TEST RATE ON MOST RECENT LOWER LANCE HORIZONTAL WELL, PROVIDES UPDATE ON HORIZONTAL PROGRAM, ANNOUNCES APPOINTMENT OF NEW BOARD CHAIRMAN, AND PROVIDES ADDITIONAL INVESTOR DISCLOSURES

* ULTRA PETROLEUM CORP - HAS ALSO UNANIMOUSLY APPOINTED EVAN LEDERMAN TO BE ITS NEW CHAIRMAN OF BOARD

* ULTRA PETROLEUM CORP - FULL-YEAR TOTAL CASH COSTS FOR 2018 ARE ESTIMATED AT $0.95 PER MCFE

* ULTRA PETROLEUM CORP - CO’S ESTIMATE OF FY 2018 ADJUSTED EBITDA IS $539 MILLION

* ULTRA PETROLEUM - IS IN COMPLIANCE WITH & EXPECTS TO REMAIN IN COMPLIANCE WITH ALL OF FINANCIAL COVENANTS IN ITS DEBT AGREEMENTS DURING 2018 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