Exploration & Production | Top Story | Quarterly / Earnings Reports
Cardium Drives Bellatrix's Increased Production, Profits
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Bellatrix Exploration Ltd. has reported its financial and operating results for the three and six months ended June 30, 2013.
Driven by a successful drilling program in the Cardium and Notikewin/Falher resource plays, Bellatrix achieved record sales volumes of 22,102 boe/d, while posting a profit of $15.5 million in the second quarter of 2013. Q2 2013 average production levels have increased approximately 14% over Q1 2013 average production levels of 19,343 boe/d and have overshadowed Q2 2012 by 33%, despite spring break-up and downtime experienced due to scheduled and unscheduled plant turnarounds in the Company's core area.
Grafton Energy JVAs previously announced on June 27, 2013, Bellatrix closed a Joint Venture with Grafton Energy Co I Ltd., to accelerate development on a portion…
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