Brief: Bnk Petroleum Announces Annual 2019 Results, 75% Of 2020 Oil Production Hedged At $56.62

Kolibri Global Energy

13/03/2020 03:37

March 12 (Reuters) - Bnk Petroleum Inc  BKX.TO :
    * ANNOUNCES ANNUAL 2019 RESULTS, 75% OF 2020 OIL PRODUCTION HEDGED AT $56.62
    * Q4 REVENUE FELL 21 PERCENT TO $4.1 MILLION
    * BNK PETROLEUM- AVERAGE PRODUCTION FOR QUARTER WAS 1,346 BOEPD, A DECREASE OF 13% COMPARED
TO
PRIOR YEAR Q4 DUE TO NORMAL DECLINE OF EXISTING WELLS
    * QTRLY NET LOSS PER COMMON EARNINGS PER SHARE $0.01

Source text for Eikon:  ID:nCNW8G1Tya 
Further company coverage:  BKX.TO 

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