Operational Updates | Deals - Acquisition, Mergers, Divestitures
Twin Butte Details Oily Lloydminster Acquisitions, Ups Production
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Twin Butte Energy Ltd. has reported its financial and operational results for the three months ended September 30, 2012.
Highlights of Twin Butte's highly successful third quarter of 2012 are as follows: Recorded quarterly production of 13,752 boe per day, an increase of 81 percent over Q3 2011 and a 21 percent increase in production per share from the same period of 2011. Increased quarterly liquids production weighting to 86 percent from 63 percent in Q3 2011. Generated record quarterly funds flow of $38.1 million, a 171 percent increase over Q2 2011. On a per share basis, funds flow increased by 86 percent year over year to $0.19 for the quarter. Completed the strategic $89.1 million acquisition of private heavy oil producer Avalon Exploration Ltd. The acquisition included…- ✓ Full news archive — U.S., Canada & international coverage
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