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BRIEF-Bonanza Creek energy says expects to emerge from chapter 11 during first half of 2017
March 15, 2017 / 10:04 PM / 4 months ago

BRIEF-Bonanza Creek energy says expects to emerge from chapter 11 during first half of 2017

2 Min Read

March 15 (Reuters) - Bonanza Creek Energy Inc

* Bonanza creek energy announces fourth quarter and full year 2016 financial and operating results

* Bonanza creek energy inc - year-end 2016 proved reserves of 90.7 mmboe, 55% oil, and 56% proved developed

* Q4 gaap loss per share $1.37

* Q4 earnings per share view $-0.25 -- Thomson Reuters I/B/E/S

* Bonanza creek energy inc - for q4 of 2016, company reported reduced production volumes on a sequential and annual basis due to "inactivity"

* Bonanza creek energy inc - continues to pursue a restructuring under terms set forth in restructuring support and lock-up agreemen

* Bonanza creek energy inc - expects to emerge from chapter 11 during first half of 2017

* Bonanza creek energy inc - upon emergence from bankruptcy, company expects to resume drilling and completion activity

* Bonanza creek energy - capital requirements expected for proposed program would range from $160 - $180 million for time period from may to december 2017 Source text for Eikon: Further company coverage:

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