Brief: Petroshale QTRLY Earnings Per Share $0.04

Lucero Energy

10/04/2019 12:38

PetroShale Inc  PSH.V :
    * PETROSHALE ANNOUNCES 2018 FINANCIAL AND OPERATING RESULTS
HIGHLIGHTED BY SIGNIFICANT RESERVES INCREASE
    * QTRLY EARNINGS PER SHARE $0.04
    * PRODUCTION AVERAGED 6,014 BARRELS OF OIL EQUIVALENT PER
DAY
("BOEPD") (84% LIQUIDS) IN Q4 OF 2018
    * Q2 WE PLAN TO FRAC THREE GROSS (2.8 NET) WELLS IN OUR BEAR
CHASE
UNIT
    * EXPECT SIGNIFICANTLY HIGHER AVERAGE PRODUCTION IN SECOND
HALF OF
2019 OF 10,000 TO 11,000 BOEPD
    * PETROSHALE - PRODUCTION IN FIRST HALF OF HAS BEEN IMPACTED
BY
ONE-TIME EVENTS AS WE SHUT-IN CERTAIN WELLS TO PROTECT FROM
NEARBY FRACING ACTIVITIES
    * SEES AVERAGE PRODUCTION IN FIRST HALF OF 2019 BETWEEN
5,000 TO
6,000 BOEPD
    * EXPECT SIGNIFICANTLY HIGHER AVERAGE PRODUCTION IN SECOND
HALF OF
2019 OF 10,000 TO 11,000 BOEPD
    * ESTIMATED 2019 EXIT RATE OF APPROXIMATELY 11,000 BOEPD

Source text for Eikon:  ID:nCNWwVPkFa 
Further company coverage:  PSH.V