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BRIEF-Cequence Energy Announces 2018 Financial And Operating Results And Provides Operational Update

Published 2019-03-12, 07:29 p/m
© Reuters.  BRIEF-Cequence Energy Announces 2018 Financial And Operating Results And Provides Operational Update
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March 12 (Reuters) - Cequence Energy Ltd CQE.TO :

* CEQUENCE ENERGY ANNOUNCES 2018 FINANCIAL AND OPERATING RESULTS AND PROVIDES OPERATIONAL UPDATE

* Q4 2018 OIL PRODUCTION INCREASED BY 160% OVER SAME PERIOD IN 2017

* QTRLY FFO PER SHARE $0.08

* QTRLY TOTAL REVENUE $12.2 MILLION VERSUS $13.6 MILLION

* SEES 2019 AVERAGE PRODUCTION 5,800 BOE/D

* QTRLY LOSS PER SHARE $0.16

* SEES 2019 FUNDS FLOW FROM OPERATIONS $17 MILLION

* SEES 2019 FFO PER SHARE 69 CENTS

* SEES 2019 EXPLORATION AND DEVELOPMENT EXPENDITURES $13 MILLION

* CEQUENCE ENERGY - 2018 CAPITAL EXPENDITURES $23.8 MILLION ($20.9 NET OF DISPOSITIONS) WITH $19.9 MILLION FOCUSED ON WELLS WITH HIGHER OIL AND LIQUIDS CONTENT

* QTRLY TOTAL PRODUCTION 5,997 BOE/D, DOWN BY 11 PERCENT

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