GREY:ARWJF - Post by User
Post by
rainthunderon Oct 29, 2013 4:21am
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Post# 21856976
boepd
boepdSource of quote: Page 2 of Management’s Discussion and Analysis (“MD&A”) dated October 28, 2013
“Revenue for the year ended June 30, 2013 from crude oil and natural gas sales decreased to $6,972,399 in 2013 from $12,018,074 in 2012. The decrease in revenue is attributed to the decline in production from the Company’s joint venture lands as well as the reduction of the average realized prices as well as a production restriction imposed by the Alberta energy regulator on the Company’s new oil pool discovery at its wholly owned Kirkpatrick lake property . Production from the oil and gas properties averaged 299 boe per day (“boepd”) compared to 400 boepd in 2012 representing a decrease of 101 boepd, as a result of the decline in production from the Worsley property and the production restriction imposed by the Alberta Energy regulator.”