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Duvernay Operator Slashes Budget and Guidance for 2014
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Yoho Resources Inc. has filed on SEDAR the financial statements for the three and nine months ended June 30, 2014 and the related managements' discussion and analysis.
Highlights Yoho's production during fiscal Q3 2014 averaged 1,563 boe per day (27% oil and natural gas liquids (NGL). Production for fiscal Q3 was negatively impacted by infrastructure issues in the Kaybob area, which are expected to be resolved by early September 2014 at which time Yoho's Duvernay production will be restored to 100% of capacity. Yoho estimates that current production capability for the company to be approximately 2,400 - 2,500 boe per day, consisting of 1,200 boe per day of conventional production and 1,200 - 1,300 boe per day of Duvernay production. Yoho generated funds from operations for fiscal Q3 2014…- ✓ Full news archive — U.S., Canada & international coverage
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