Brief: PHX Energy Announces Operations Update And Further Increase To Its 2018 Capital Expenditure Program

PHX Energy Services

04/07/2018 22:07

July 4 (Reuters) - PHX Energy Services Corp  PHX.TO :
    * PHX ENERGY ANNOUNCES OPERATIONS UPDATE AND FURTHER
INCREASE TO
ITS 2018 CAPITAL EXPENDITURE PROGRAM
    * BOARD OF DIRECTORS HAS APPROVED A $15 MILLION INCREASE TO
CORPORATION'S 2018 CAPITAL EXPENDITURE PROGRAM
    * PHX ENERGY SERVICES- 2018 PROGRAM EXPECTED TO BE FINANCED
FROM A
COMBINATION OF CASH FLOW FROM OPERATIONS AND CORPORATION'S
UNUSED CREDIT FACILITIES
    * PHX ENERGY SERVICES - INCREASE IN CAPEX TO PRIMARILY BE
DEDICATED TO FURTHER EXPANDING ATLAS MOTORS FOR ACTIVITY IN 2019

Source text for Eikon:  ID:nGNX2kLbk 
Further company coverage:  PHX.TO 

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