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