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Yoho Completes Two Duvernay Wells in Q1 2015
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Yoho Resources Inc. has filed today on SEDAR the financial statements for the three months ended December 31, 2014 and the related managements' discussion and analysis.
Highlights Yoho's production during fiscal Q1 2015 averaged 1,479 boe per day (33% oil and natural gas liquids). One Duvernay well (0.33 net) was brought on-stream in January 2015 after the end of this reporting period. Equipping and tie-in of two (1.0 net) additional Duvernay wells are currently underway, with initial production from these wells expected in March 2015. Average production for fiscal Q2 is estimated at 1,800 boe per day. Yoho generated funds from operations for fiscal Q1 2015 of $1.9 million ($0.04 per share basic and diluted and $13.87 per boe). Operating netbacks for fiscal Q1 2015 were $19.06 per boe…- ✓ Full news archive — U.S., Canada & international coverage
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