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PrairieSky Royalty Maintaining Debt Free Position in 2015
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PrairieSky Royalty Ltd. has announced its first quarter operating and financial results for the period ended March 31, 2015.
Highlights: Funds from Operations of $37.7 Million during the first quarter Leased land for new and existing plays, collecting a record $6.0 Million in lease issuance bonus consideration and recorded $4.0 Million in compliance recoveries Average first quarter production of 18,051 boe/d Maintained a strong balance sheet with $56.9 Million of positive working capital and nil debt as of March 31, 2015 Executed a $21 Million acquisition in April 2015, adding 206,712 net acres of Fee mineral title lands DRIP participation of 15% during the first month President's Message During the first quarter of 2015, PrairieSky remained focused on its core strategy of attracting…- ✓ Full news archive — U.S., Canada & international coverage
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