Cequence Energy Ltd. Provides Earnings and Production Guidance for the Year 2013 and 2014
For the year 2013, the company expects funds flow from operations to be $50 million. Funds flow from operations per share is expected to be $0.24. Capital expenditures were expected to be $110 million. Royalties (% revenue) is expected to be 9%. Net debt and working capital deficiency as at December 31, 2013 is expected to $110 million.
For the year 2014, the company expects average production of 13,500 BOE/d to14,000 BOE/d. Average productions per share is expected to be $65 per share. Crude WTI is expected to be USD 95.75/bbl. Natural gas AECO is expected to be CAD 3.50/GJ.
For the year 2014, the company expects funds flow from operations to be $85 million. Funds flow from operations per share is expected to be $0.39. Capital expenditures were expected to be $120 million. Royalties (% revenue) is expected to be 8%. Net debt and working capital deficiency as at December 31, 2014 is expected to $145 million.