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InPlay Touts Cardium, Duvernay Drilling; Light Oil Output Up 75% YOY
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InPlay Oil has reported its year end 2017 results.
Highlights: Annual average 2017 production is up 105% over 2016 to 3,972 boe/day in line with corporate guidance of 4,000 boe/day. Production per basic share increased 88% in 2017 over 2016.Annual 2017 light oil growth is up 75% to 2,310 bbl/day over 2016.
Fourth quarter 2017 production is up 54% over fourth quarter 2016 to 4,185 boe/day representing per share growth of 42% (debt adjusted 30%) exceeding forecasted guidance of 20%.
Fourth quarter 2017 light oil production is up 65% over fourth quarter 2016 to 2,503 bbl/day, reflecting our focus in development of our light oil weighted Cardium assets.
Growth in production in the Willesden Green area was 167% to over 2,000 boe/day for December 2017 compared to December 2016 with…
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