GREY:LSTMF - Post by User
Post by
kmappon Dec 03, 2015 12:04am
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Post# 24349340
LTS Corporate Presentation December 2015
LTS Corporate Presentation December 2015Copied below a few interesting bits of information, see link at bottom for full presentation.
In Q3 2015, we realized a gain of ~$25 million on crude oil derivative contracts, resulting in a netback of $30.94/boe
Although we continue to restrict the amount of capital invested into new operated wells, we expect to remain within our guidance range for annual average production and exit production rate
Forecasted 2015 year end debt reduced by $900 million3 since 2013
Our 2015 crude oil hedge position helps provide funds flow downside protection We are building our 2016 oil hedge portfolio to protect against a further drop in prices
Estimated Cash Proceeds from Hedging for Q4 2015
WTI Prices US$40/bbl US$45/bbl US$50/bbl US$55/bbl US$60/bbl
Hedge proceeds $23MM $19MM $16MM $13MM $9MM
In this low commodity price environment, we continue to generate positive funds flow from operations
https://www.lightstreamresources.com/files/pdf/presentations/1512_-_LTS_Corp_Pres_-_December_FINAL.pdf