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Approach Resources Inc (AREX.OQ)

AREX.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Approach Resources Extends Revolving Credit Facility Maturity And Reaffirms Borrowing Base
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Approach Resources Inc ::APPROACH RESOURCES EXTENDS REVOLVING CREDIT FACILITY MATURITY AND REAFFIRMS BORROWING BASE.APPROACH RESOURCES - LENDERS AMENDED AND EXTENDED MATURITY DATE OF CREDIT FACILITY TO MAY 7, 2020.APPROACH RESOURCES INC - BORROWING BASE WAS UNANIMOUSLY REAFFIRMED AT $325 MILLION.  Full Article

Approach Resources reports Q3 loss per share $0.10
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Approach Resources Inc :Approach Resources Inc reports third quarter 2017 results and Bolt-On acquisition.Q3 adjusted non-gaap loss per share $0.08.Q3 loss per share $0.10.Q3 revenue $25.6 million versus I/B/E/S view $25.2 million.Q3 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S.In Q3 produced 11.5 MBoe/d, despite negative impact of 500 Boe/d from hurricane harvey, versus 12.1 MBoe/d last year.  Full Article

Approach Resources says on track to deliver FY production volumes, despite impact from hurricane Harvey​
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Approach Resources Inc ::Approach Resources-on track to deliver fy production volumes consistent with lower end of previous guidance, despite impact from hurricane Harvey​.Approach Resources-‍now expect 2017 capex to be $47 million to $49 million, or 20 percent below midpoint of prior guidance.  Full Article

Approach Resources Q2 adjusted Non-GAAP loss per share $0.25
Wednesday, 3 Aug 2016 

Approach Resources Inc : Approach Resources Inc. Reports second quarter 2016 results . Q2 adjusted Non-GAAP loss per share $0.25 . Q2 revenue $22.4 million versus I/B/E/S view $22.6 million . Q2 loss per share $0.39 . Q2 earnings per share view $-0.27 -- Thomson Reuters I/B/E/S . Approach Resources Inc says plan to complete three wells in Q3 2016, and expect Q3 production to average around 11.9 mboe/d . Approach Resources Inc says Q2 production was 12.6 mboe/d, exceeding prior guidance for quarter .Approach Resources Inc says at June 30, 2016, had $1 billion revolving credit facility in place, with borrowing base and lender commitment amount of $325 million.  Full Article

BRIEF-Approach Resources Extends Revolving Credit Facility Maturity And Reaffirms Borrowing Base

* APPROACH RESOURCES EXTENDS REVOLVING CREDIT FACILITY MATURITY AND REAFFIRMS BORROWING BASE