Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Shoreline Adds Wells at Niobrara Acreage; Touts Montney Discovery
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Shoreline Energy Corp. has reported its 2013 year end oil and gas reserves, as well as 2013 year-end financial and operating results.
Fourth Quarter 2013 Financial and Operating Highlights Petroleum and natural gas sales increased 49% year-over-year to $28.5 million in 2013 compared to $19.1 million in 2012. Funds from operations increased 15% to $6.0 million in 2013 compared to $5.2 million last year. Shoreline paid its common shareholders $1,998,844 in dividends in 2013. Sales volumes for the fourth quarter of 2013 averaged 1,695 barrels of oil equivalent per day (boe/d), an increase of 16% from the fourth quarter of 2012. Average production for 2013 was 1,997 boe/d, an increase of 24% from 1,614 boe/d in 2012. Shoreline exited the year with production of 1,816 boe/d. Reserve…- ✓ Full news archive — U.S., Canada & international coverage
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