Exploration & Production | Operational Updates | Drilling & Completions
Angle Amps Up Harmattan, Ferrier Wells, Production
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Angle Energy Inc. has reported an update on its first quarter operations to March 11, 2013. Oil weighting has increased, netbacks are higher, and production and debt are in line with budget.
Highlights: Corporate production for the first quarter is estimated to be 11,200 to 11,300 boe/d (30% light oil and condensate, 24% NGLs, and 46% natural gas) - within Angle's budgeted production expectations while delivering a 3% higher light oil and condensate weighting. Operating cash flow netback in the quarter is estimated to be in excess of $29.00/boe, a 43% improvement over the average operating cash flow netback of $20.25/boe in 2012. Cardium production for the first quarter is estimated to have grown 24% from the fourth quarter of 2012 (approximately 4,000 boe/d per day Q1 average versus Q4…- ✓ Full news archive — U.S., Canada & international coverage
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