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Bellatrix Drills 63 Cardium Wells in First Half of 2014

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Bellatrix Drills 63 Cardium Wells in First Half of 2014

Bellatrix Exploration Ltd. has announced its financial and operating results for the three and six months ended June 30, 2014.

Highlights: Record sales of 36,342 boe/d (65% natural gas) up 64% from sales volumes of 22,102 boe/d registered in the second quarter of 2013. Funds flow from operations for the six months ending June 30, 2014 was $148.7 million, doubling the same period in 2013 ($74.1 million) and furthermore, exceeds the funds flow for all of 2013 ($143.5 million). Earnings for the second quarter 2014 of $38.3 million were 147% higher than the $15.5 million posted in Q2 2013. On a year to date basis the Company has posted earnings of $63.4 million up 217% over the same period in 2013 ($20.0 million). Operating costs reduced to a record $7.80/boe in the second quarter of…
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