GREY:PEYTF - Post by User
Post by
peplareon Jan 27, 2015 6:31pm
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Post# 23370032
Some Highlights
Some HighlightsParallel receives a higher realized average sales price for a barrel of its NGLs compared to the industry average
Heavy NGLs receive a higher average sales price – Parallel’s average NGL production split is 55% light and 45% heavy – The industry average NGL production split is 70% light and 30% heavy
Condensate and NGLs account for the majority of Parallel’s total revenue
Convertible Debentures (due on June 30, 2017) C$ 63.0 million
Availability Under the Bank Facility US$ 34.0 million
Forecasting average daily production of 6,800 boe/day in 2015 – Assumes that no drilling is completed in 2015