Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Triangle Running 4 rigs for Remainder of Year
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Triangle Petroleum Corporation has provided an operational update and reports its first quarter fiscal year 2015 results for the three-month period ended April 30, 2014.
First Quarter Highlights for Fiscal Year 2015 (ended April 30, 2014) Increased quarterly production volumes to 724 Mboe (+200% y/y, 8,129 Boepd) as compared to 242 Mboe (2,714 Boepd) in Q1 fiscal 2014 Increased total estimated net proved reserves to 42,103 Mboe at end of Q1 fiscal 2015 (approximately 46,550 Mboe pro forma for pending acquisitions announced on May 14, 2014) compared to 16,050 Mboe at end of Q1 fiscal 2014 (+162% y/y) Increased consolidated revenues to $99.8 million (+191% y/y) as compared to $34.3 million for the same period in Q1 fiscal 2014 Increased consolidated net income in Q1 fiscal 2015 to $14.5…- ✓ Full news archive — U.S., Canada & international coverage
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