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Yoho Updates Ops at Kaybob Duvernay Leasehold
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Yoho Resources Inc. has detailed its 2012 operational and financial results.
Highlights Yoho's production during fiscal Q1 2013 averaged 2,075 boe per day. With recent drilling success at Kaybob, Yoho has an incremental 1,500 boe per day of production scheduled to come on-stream in March 2013. Yoho generated funds from operations for fiscal Q1 2013 of $2.9 million ($0.06 per share basic and diluted). Field net-backs for the Company's Duvernay wells were $39.61 per boe during fiscal Q1 2013. Net exploration and development expenditures for Q1 fiscal 2013 were $14.1 million. During the first quarter, Yoho drilled 2 (1.5 net) high liquids yield natural gas wells. The Company maintained a flexible balance sheet with total net debt of $29.2 million at December 31, 2012. The bank credit…- ✓ Full news archive — U.S., Canada & international coverage
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