Brief: Altura Energy Inc Announces Second Quarter Net Income Per Share Of $0.01

Tenaz Energy

15/08/2019 22:00

Aug 15 (Reuters) - Altura Energy Inc  ATU.V :
    * ALTURA ENERGY INC. ANNOUNCES SECOND QUARTER 2019 FINANCIAL
AND
OPERATING RESULTS
    * ALTURA ENERGY INC - PRODUCED AN AVERAGE OF 1,591 BOE PER
DAY IN
QUARTER, AN INCREASE OF 60 PERCENT ON AN ABSOLUTE AND PER SHARE
BASIS FROM Q2
    * ALTURA ENERGY INC QTRLY AFFO $0.03
    * ALTURA ENERGY INC - QTRLY NET INCOME PER SHARE $0.01
    * ALTURA ENERGY - ADJUSTED FUNDS FLOW IN Q2 OF 2019 WAS
ADVERSELY
IMPACTED BY DOWN TIME AND INCREASED OPERATING COSTS ASSOCIATED
WITH WORKOVER ACTIVITIES
    * ALTURA ENERGY - HAS BUDGETED $0.8 MILLION FOR H2 2019 TO
CONVERT
REMAINING FIVE WELLS AT LEDUC-WOODBEND FROM PROGRESSIVE CAVITY
PUMPS TO PUMPJACKS
    * ALTURA ENERGY INC - 2019 CAPITAL EXPENDITURE BUDGET OF
$15.0
MILLION HAS BEEN REDUCED BY $1.5 MILLION TO $13.5 MILLION
    * ALTURA ENERGY INC SEES 2019 ANNUAL AVERAGE PRODUCTION
BETWEEN
1,700 BOE TO 1,800 BOE PER DAY

Source text for Eikon:  ID:nGNX6bLlJn 
Further company coverage:  ATU.V 

 ((Reuters.Briefs@thomsonreuters.com;))