Brief: Bnk Petroleum Inc. Announces First Quarter 2020 Results
07/05/2020 01:31
May 6 (Reuters) - Bnk Petroleum Inc BKX.TO :
* . ANNOUNCES FIRST QUARTER 2020 RESULTS
* Q1 REVENUE FELL 33 PERCENT TO $3.1 MILLION
* AVERAGE PRODUCTION FOR Q1 OF 2020 WAS 1,225 BOEPD, A
DECREASE OF
19% COMPARED TO Q1 OF 2019
* ADJUSTED FUNDS FLOW WAS $2.0 MILLION IN Q1 OF 2020
COMPARED TO
$2.6 MILLION IN Q1 OF 2019
* IMPAIRMENT TEST RESULTED IN AN IMPAIRMENT OF PP&E WHICH
TOTALED
$71.9 MILLION FOR Q1 OF 2020
* Q1 NET LOSS PER SHARE $0.29
Source text for Eikon: ID:nCNWMh4kqa
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