Brief: HighPeak Energy Reports Q4 EPS Of $0.35

HighPeak Energy

07/03/2022 21:22

March 7 (Reuters) - Highpeak Energy Inc  HPK.O :
    * HIGHPEAK ENERGY, INC. ANNOUNCES FOURTH QUARTER 2021
RESULTS AND
2022 OUTLOOK
    * Q4 EARNINGS PER SHARE $0.35
    * Q4 2021 SALES VOLUMES OF 14,881 BARRELS OF CRUDE OIL
EQUIVALENT
PER DAY ("BOE/D"), AN INCREASE OF APPROXIMATELY 81%
    * SEES 2022 AVERAGE PRODUCTION RATE 27,000 - 32,500 (BOE/D)
    * SEES 2022 EXIT PRODUCTION RATE 40,000 - 45,000 (BOE/D)
    * HIGHPEAK ENERGY - GIVEN DYNAMIC NATURE OF SITUATION &
RECENT
RUSSIAN INVASION OF UKRAINE, COMPANY IS MAINTAINING FLEXIBILITY
IN ITS CAPITAL PLAN
    * CO WILL CONTINUE TO EVALUATE DRILLING AND COMPLETION
ACTIVITY ON
AN ECONOMIC BASIS

Source text for Eikon:  ID:nGNX18Cbqj 
Further company coverage:  HPK.O 

 ((Reuters.Briefs@thomsonreuters.com;))