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Cequence Energy Ltd Common CEQXF



GREY:CEQXF - Post by User

Post by OOU812on Aug 10, 2017 7:50pm
196 Views
Post# 26568776

Q2 is out

Q2 is out
Increased funds flow from operations to $6.8 million or $0.03 per share, an increase of
336% from the same period in 2016, driven by higher prices and lower costs;
 
Achieved average quarterly production of 8,502 boe/d, up 8% from the same period in
2016 despite significant weather access restrictions which shut-in or restricted
approximately 850 boe/d in the quarter;
 
Achieved production of 75,000 barrels of oil from the 9-11 Dunvegan well in
approximately 155 operating days;

That works out to an average of 500 bopd for the 5 months,enough CF
to cover 3/4 of the drillling costs.
 
The 2 new West Simonette Montney wells averaged IP 90 of approximately 695 boe/d
per well (34% condensate); 

Began pipeline work to tie-in the Dunvegan oil wells to minimize road ban truck out
restrictions, with full operation commencing in mid-July.
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