Brief: Perpetual Energy Inc Reports First Quarter Loss Per Share Of $0.08

Perpetual Energy

08/05/2019 13:32

May 8 (Reuters) - Perpetual Energy Inc  PMT.TO :
    * REPORTS FIRST QUARTER 2019 FINANCIAL AND OPERATING RESULTS
    * QTRLY HEAVY OIL PRODUCTION IN EASTERN ALBERTA GREW 30%
RELATIVE
TO PRIOR YEAR Q1
    * QTRLY PRODUCTION AVERAGED 10,240 BOE/D IN Q1 OF 2019, DOWN
20%
FROM COMPARABLE PERIOD IN 2018
    * QTRLY CASH FLOW FROM OPERATING ACTIVITIES  $9.3 MILLION
    * QTRLY REALIZED REVENUE WAS $24.24/BOE IN Q1 OF 2019, 16%
HIGHER
THAN COMPARATIVE PERIOD OF 2018
    * QTRLY LOSS PER SHARE $0.08
    * QTRLY ADJUSTED FUNDS FLOW IN Q1 OF 2019 OF $0.11 PER SHARE
    * PERPETUAL'S FY 2019 CAPITAL EXPENDITURE AND ADJUSTED FUNDS
FLOW
GUIDANCE REMAINS UNCHANGED
    * PERPETUAL ENERGY - IN EASTERN ALBERTA, FY PRODUCTION IS
FORECAST
TO INCREASE BY 20% TO 30% FROM 2018, TO RANGE OF 2,200 TO 2,400
BOE/D  IN 2019
    * CASH COSTS OF $17.00 TO $18.00/BOE ARE FORECAST FOR 2019

Source text for Eikon:  ID:nCNWsQjd9a 
Further company coverage:  PMT.TO 

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