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Seven Gen Using Low Service Costs to Modify Completions
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Seven Generations Energy Ltd. has reported its operating and financial results for the fourth quarter of 2014 and year ended December 31, 2014.
Pat Carlson, CEO said: "2014 was a fantastic year. Our IPO was successful. We had significant growth of production, reserves and cash flow. We increased our well length, opening the door to improved economics with a reduced environmental footprint. We continued to advance the Kakwa River Project with community and regulatory stakeholders. We raised enough capital with a high yield debt add-on at the beginning of the year and the IPO near the end of the year to enter 2015 with a solid balance sheet, growth rates based on strong well economics and a high degree of financial flexibility leaving us well positioned to weather the recent downturn in oil…
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