Strong Q3https://finance.yahoo.com/news/Delphi-Reports-Strong-Third-ccn-2104741980.html?x=0&.v=1
Delphi Reports Strong Third Quarter Financial and Operating Results
- Press Release
- Source: Delphi Energy Corp.
- On 9:55 pm EST, Wednesday November 4, 2009
CALGARY, ALBERTA--(Marketwire - Nov. 4, 2009) - Delphi Energy Corp. ("Delphi" or "the Company") (TSX:DEE - News) is pleased to announce its financial and operational results for the third quarter ended September 30, 2009.
Third Quarter 2009 Highlights
-Achieved average production of 6,773 barrels of oil equivalent per day(boe/d) with an average of 200 boe/d shut-in during the quarter forfacility turnarounds and low commodity prices.
- Generated fundsfrom operations of $12.6 million ($0.16 per basic share) in thequarter, up from $12.4 million ($0.16 per basic share) in the secondquarter of 2009.
- Attained a ten percent reduction in operatingcosts to $9.46 per boe in the third quarter, down from $10.49 per boein the third quarter of 2008.
- Realized a 60 day averageproduction rate of 430 boe/d from a successful Doe Creek horizontal oilwell at Hythe. Initiated horizontal drilling operations on the first ofseven follow-up drilling locations.
- Reduced net debt to $93.7million from $104.1 million at the end of the second quarter, resultingin a net debt to annualized cash flow ratio of 1.9:1.
From
https://finance.yahoo.com/news/Delphi-Reports-Strong-Third-ccn-2104741980.html?x=0&.v=1