Exploration & Production | Operational Updates | Quarterly / Earnings Reports
NuVista Sees Strong Montney Results; Talks 2013
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NuVista Energy Ltd. has reported results for the three and twelve months ended December 31, 2012 and provide an update on its future business plans. 2012 was a pivotal and successful year for NuVista as the business model was transformed in this challenging natural gas price environment.
In our year end 2011 press release we indicated we would be carefully evaluating our business to preserve value and ensure a sustainable model without jeopardizing our financial flexibility. We also indicated a focus on proving the valuable long term growth opportunities in the Wapiti Montney play, and that we would pursue dispositions of non-strategic assets throughout 2012 where attractive values could be realized and financial flexibility enhanced. We are pleased to report that we have delivered on…
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