Brief: Postrock qtrly earnings per share $2.37

Postrock Energy

30/03/2015 23:30

March 30 (Reuters) - PostRock Energy Corp  PSTR.O : 
 * Reports 2014 results 
 * Says company has engaged evercore group l.l.c. to assist the board in 
   evaluating strategic alternatives 
 * Says 2015 capital budget is set at $5.4 million, a reduction of over 85% from 
   the prior year 
 * Qtrly revenue increased 4% from the prior-year period to $18.8 million 
 * Cost reduction initiatives implemented subsequent to year-end are expected to 
   further reduce costs by nearly $4.0 million annually 
 * Qtrly oil production increased 38% to 835 bopd while gas production declined 
   by 6.2% to 36 mmcf per day 
 * Qtrly earnings per share $2.37 
 
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