May 4, 2017 / 3:38 AM / 3 months ago

BRIEF-Athabasca Oil says qtrly production of 26,737 boe/d

1 Min Read

May 3 (Reuters) - Athabasca Oil Corp

* Athabasca Oil Corporation announces 2017 first quarter results

* Qtrly production of 26,737 boe/d (95% liquids)

* Company has a fully funded development outlook capable of delivering growth to 60,000 boe/d by 2020

* Production growth to over 10,000 boe/d by year-end 2017 and approximately 25,000 boe/d over next five years

* 2017 thermal oil budget reduced by $30 million to $75 million with unchanged production guidance of 29,000 - 32,500 bbl/d

* 2017 light oil capital budget is unchanged at $135 million with production guidance of 6,500 - 7,500 boe/d

* Anticipates an internally funded capital program in 2018 at us$55/bbl WTI with net debt to cash flow of less than 2.5x 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