Bellatrix Exploration Ltd (Canada) BXEFF

Energy

Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e

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Bellatrix Exploration Ltd (Canada)

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Post by Just1Questionon Aug 02, 2018 4:48pm

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Post# 28407100

2nd Quarter results

		Three months ended June 30,		Six months ended June 30,
		2018	2017	2018	2017
SELECTED FINANCIAL RESULTS
(CDN$000s except share and per share amounts)
Cash flow from operating activities		12,004	10,495	26,619	18,754
Per diluted share ⁽¹⁾		$0.22	$0.21	$0.51	$0.38
Adjusted funds flow ⁽²⁾		10,142	19,347	24,812	34,240
Per diluted share ⁽¹⁾		$0.18	$0.39	$0.47	$0.69
Net profit (loss)		(34,768)	(69,236)	(47,669)	(56,186)
Per diluted share ⁽¹⁾		$(0.63)	$(1.40)	$(0.91)	$(1.14)
Capital - exploration and development		5,402	11,235	29,634	55,213
Total capital expenditures - net ⁽³⁾		6,641	(30,768)	28,715	20,452
Credit Facilities		71,432	13,100	71,432	13,100
Senior Notes		301,435	315,308	301,435	315,308
Convertible Debentures (liability component)		40,530	38,380	40,530	38,380
Adjusted working capital deficiency ⁽²⁾		16,829	15,773	16,829	15,773
Total net debt ⁽²⁾		430,226	382,561	430,226	382,561
SELECTED OPERATING RESULTS
Total revenue ⁽³⁾		54,022	74,325	120,237	140,349
Average daily sales volumes
Crude oil, condensate and NGLs	(bbl/d)	10,467	9,182	9,975	8,908
Natural gas	(mcf/d)	161,052	172,402	162,309	164,602
Total oil equivalent ⁽⁴⁾	(boe/d)	37,309	37,916	37,027	36,342
Average realized prices
Crude oil and condensate	($/bbl)	83.93	59.49	80.31	63.28
NGLs (excluding condensate)	($/bbl)	24.70	20.57	25.49	19.42
Natural gas	($/mcf)	1.30	2.94	1.73	2.91
Total oil equivalent	($/boe)	15.71	20.94	17.58	20.88
Total oil equivalent (including risk management ⁽⁵⁾)	($/boe)	18.77	21.83	19.71	21.82
Selected Key Operating Statistics
Commodity sales	($/boe)	15.71	20.94	17.58	20.88
Other income	($/boe)	0.20	0.61	0.36	0.45
Royalties	($/boe)	(1.80)	(1.92)	(1.90)	(2.13)
Production expenses	($/boe)	(7.55)	(8.30)	(7.84)	(8.81)
Transportation	($/boe)	(2.03)	(1.98)	(2.01)	(1.53)
Operating netback ⁽³⁾	($/boe)	4.53	9.35	6.19	8.86
Realized gain (loss) on risk management contracts	($/boe)	3.05	0.89	2.13	0.94
Operating netback ⁽³⁾ (including risk management ⁽⁵⁾)	($/boe)	7.58	10.24	8.32	9.80