Brief: Altura Energy Says Voluntarily Curtailing Production Volumes In April

Tenaz Energy

08/04/2020 01:34

April 7 (Reuters) - Altura Energy Inc  ATU.V :
    * ALTURA ENERGY INC. PROVIDES A CORPORATE UPDATE
    * ALTURA ENERGY- CO IS VOLUNTARILY CURTAILING PRODUCTION
VOLUMES
IN APRIL TO ITS HEDGED OIL PRODUCTION OF 300 BARRELS OF OIL PER
DAY
    * ALTURA PLANS TO CONTINUE PRODUCTION CURTAILMENT IN MAY TO
PRODUCE AT 100% OF HEDGED OIL VOLUMES IF LOW OIL PRICES PERSIST
    * ALTURA'S HEDGING GAINS IN 2020 ARE ESTIMATED AT $2.4
MILLION
    * ALTURA ENERGY - CO IS PLANNING TO CLOSE SECOND TRANSACTION
OF
PREVIOUSLY ANNOUNCED SALE WITH A PRIVATE COMPANY ("PRIVATECO")
IN SECOND HALF OF 2020
    * CO HAS IMPLEMENTED COST CUTTING MEASURES WITH ITS ONGOING
PRODUCTION OPERATIONS AND IN OTHER AREAS OF CORPORATION
    * PLANS TO DRILL A HORIZONTAL WELL IN ENTICE OR
LEDUC-WOODBEND
AREAS BEFORE DECEMBER 31, 2020

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

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