Earnings are outCheck it out on Sedar.
Oil production decreased 3% from 89 BBL/D in the year ended March 31, 2017 to 86 BBL/D in the year ended March 31, 2018. Natural declines contributed to the reduction together with a decrease in oil production resulting from various mechanical failures of three wells during the year end. The respective wells subsequently resumed production in November. The associated natural gas production increased 9% from 143 MCF/D in 2017 to 156 MCF/D in 2018. Oil and NGL production as a percentage of total production was 77%
A 4% increase in the realized price for crude oil from $45.27 per BBL during the year ended March 31, 2017 to $51.40 per BBL for the same year of 2018 resulted in a 14% increase in oil and NGL sales. The realized price for an MCF of natural gas was $2.09 in 2017. The realized price for an MCF of natural gas for the same period in 2018 was $1.93.