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Seven Generations' Production Soars Over 2013
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Seven Generations Energy Ltd. has reported its second quarter 2014 operating and financial results.
Second quarter production averaged a record 23,999 boe/d, an increase of 288% from the second quarter of 2013, and funds from operations also set a record at $66 million. Second quarter net income for 2014 was $44 million or $0.41 per share on a fully diluted basis.
In the second quarter of 2014, Mr. Marty Proctor joined 7G as President and Chief Operating Officer. Marty brings to the Company over 27 years of diversified petroleum engineering and oil and gas management experience, most recently as the Chief Operating Officer of Baytex Energy, a position he held from January 2009 until May 2014.
Subsequent to the second quarter of 2014, the Company announced the results of its independent…
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