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Baytex Talks 2012 Tri-Play Growth
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Baytex Energy Corp. has detailed its operating and financial results for the three months and year ended December 31, 2012 (all amounts are in Canadian dollars unless otherwise noted).
Commenting on the results, James Bowzer, President and Chief Executive Officer of Baytex, said: "2012 was another very successful year for Baytex. In an environment which was especially challenging for heavy oil producers, Baytex was able to grow production by 8%, grow its reserve base by 16%, return over $215 million to its shareholders as dividends and reduce its total debt by over $50 million."
This year also saw the successful execution of several strategic objectives, including the acquisition of 46 sections of undeveloped oil sands leases and an approved SAGD project at Cold Lake, the expansion of the…
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