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BRIEF-Greenfields Petroleum Corp Reports Qtrly Revenue Of $6.3 Mln Versus $7.0 Mln

Published 2019-05-29, 09:31 p/m
© Reuters.  BRIEF-Greenfields Petroleum Corp Reports Qtrly Revenue Of $6.3 Mln Versus $7.0 Mln
GNF
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May 29 (Reuters) - Greenfields Petroleum Corp GNF.V :

* ORATION ANNOUNCES FIRST QUARTER 2019 FINANCIAL AND OPERATING RESULTS AND EXTENSION OF SENIOR SECURED DEBT PAYMENTS

* GROSS CRUDE OIL PRODUCTION IN Q1/19 WAS 665 BBL/D, A DECREASE OF 10% RELATIVE TO Q4/18

* PRODUCTION IN Q1/19 WAS IMPACTED BY DOWNTIME RELATED TO ONGOING WORKOVERS

* QTRLY REVENUE OF $6.3 MILLION VERSUS $7.0 MILLION

* GROSS GAS PRODUCTION FROM BAHAR GAS FIELD IN Q1/19 WAS 18,209 MCF/D, A 14% DECREASE RELATIVE TO Q4/18

* QTRLY LOSS PER SHARE $0.20

* REALIZED OIL PRICE AVERAGED $58.72/BBL FOR Q1/19, A 7% DECREASE IN COMPARISON TO AN AVERAGE PRICE OF $63.11/BBL IN Q1/18

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