Exploration & Production | Top Story | Quarterly / Earnings Reports
Yoho Delineates Duvernay, Montney Projects; Cuts CapEx
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Yoho Resources Inc. has reported an update for the nine months ended June 30, 2013.
HighlightsYoho's production during fiscal Q3 2013 averaged 2,415 boe per day. Production for the quarter was negatively impacted for the entire month of May 2013 by a turn-around at the third party processing facility which handles the majority of the Company's production from the Kaybob area. Approximately 1,000 boe per day was shut in during May 2013 at Kaybob (both Duvernay and other zones), including initial production from Yoho's three new wells at Tony Creek.
Yoho generated funds from operations for fiscal Q3 2013 of $3.4 million ($0.07 per share basic and diluted). A substantial drop in sales price for the propane and butane portions of the Company's NGL mix in the quarter contributed to reduced…
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