Exploration & Production
Equal Energy Expects to Sell to Petroflow
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Equal Energy Ltd. has announced operating and financial results for the three months ended March 31, 2014.
All dollar amounts are in U.S. dollars unless otherwise indicated and volumes are net of royalty payments.
Don Klapko, President and Chief Executive Officer said: "Equal's first quarter results benefited from both increased production rates and higher commodity prices. The impact of the cold winter this year created both positives and negatives for Equal. We experienced increased demand for natural gas and propane, but the extreme cold also hindered production and forced downtime which resulted in higher workover expenses during the quarter."
On May 1st, we announced that an amendment extending the original Arrangement Agreement with Petroflow had been signed after documentation that…
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