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Connacher Production Increases Slightly
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Connacher Oil and Gas Limited has announced its financial and operating results for the quarter-ended March 31, 2014(Q1 2014) as outlined below (all amounts are in Canadian dollars unless otherwise noted).
Q1 2014 Highlights: Connacher's production for Q1 2014 increased by 8% to 13,433 bbl/d (Q1 2013 - 12,406 bbl/d). Production increases were attributable to the Company's four new well pairs at Pad 104 and four infill wells at Pod One Revenue, net of royalties, increased 4% to $105.0 million in Q1 2014 (Q1 2013 - $101.3 million) Operating costs increased 42% to $31.6 million in Q1 2014 (Q1 2013 - $22.4 million) due to higher natural gas prices, temporary treating costs arising from the start-up of new SAGD well pairs at Pod One and the costs to repair a natural gas line leak at…- ✓ Full news archive — U.S., Canada & international coverage
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