TSXV:PEI - Post Discussion
Post by
Charts1 on Apr 20, 2023 10:47am
PEI.C NEWS THIS YEAR HIGHLITES.
In 2022 PEI achieved:
- Peak production levels of 1,250Boepd mainly oil (80%) from a low 80Bblspd from the year 2021.
- Realized record level revenue, EBITA & cash flow by greater than 150% compared to the year 2021.
- Reduced operating cost per barrel to less than $40/bbl from greater than $60/bbl in the prior year.
- Increased the Corporation’s ownership in the core properties from an average of 40% to 80%.
- Appreciated NPV@10% 2P reserves value from a loss of -$3.4 million to a gain of $56.2 million.
- Lengthened the TPP reserve life index from 10.1 to 22.8 years.
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