Inplay Oil Corp. Announces Audited Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Production Guidance for the Year 2019
March 20, 2019 at 08:00 am EDT
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InPlay Oil Corp. announced audited earnings and operating results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported petroleum and natural gas revenue of CAD 12,716,000 against CAD 18,017,000 a year ago. Comprehensive loss was CAD 7,887,000 or CAD 0.12 per basic share against CAD 6,939,000 or CAD 0.11 per basic share a year ago.
For the year, the company reported petroleum and natural gas revenue of CAD 76,419,000 against CAD 62,239,000 a year ago. Comprehensive loss was CAD 8,598,000 or CAD 0.13 per basic share against CAD 7,701,000 or CAD 0.12 per basic share a year ago.
For the quarter, the company reported total production of 5,021 boe/d against 4,185 boe/d a year ago.
For the year, the company reported total production of 4,653 boe/d against 3,972 boe/d a year ago.
The company provided production guidance for the year 2019. For the period, the company expects annual average production in the range of 4,900 to 5,100 boe/d.
InPlay Oil Corp. is a Canada-based junior oil and gas exploration and production company with operations in Alberta focused on light oil production. It operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential, as well as undeveloped lands with exploration possibilities. It is engaged in the acquisition, exploration and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas and natural gas liquids. Its operations are focused on its concentrated light oil asset base located in West Central Alberta. Its primary target is the Cardium Formation within the Pembina and Willesden Green pools. Its Belly River light oil property is located on the east side of the Pembina Cardium Pool. It holds rights to an evolving Duvernay light oil play that offers potential material upside to the Company. Its Cardium assets are located in West Central Alberta focused on the Pembina and Willesden Green pools.
Inplay Oil Corp. Announces Audited Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Production Guidance for the Year 2019
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INPLAY OIL CORP. 
