Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Equal Energy Details Results Ahead of Stock Deal with Petroflow
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Equal Energy Ltd. has reported operating and financial results for the three months and year ended December 31, 2013.
All dollar amounts are in U.S. dollars unless otherwise indicated and volumes are net of royalties.
Don Klapko, President and Chief Executive Officer, commented: "This was another year of solid performance for Equal Energy. Excluding 2012 asset sales, we maintained production levels, increased our booked reserves and supported our dividend, while at the same time conducting a comprehensive review of strategic alternatives for the Company. The review culminated in an arrangement agreement with Petroflow at a price that we believe delivers maximum value to our shareholders. Until the arrangement agreement closes, we will continue to operate our assets prudently and in the…
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