Quattro Exploration and Production Ltd. Reports Earnings and Production Results for the Third Quarter 2015
For the period, the company's production averaged 1,476 boe per day on a continuing restricted rate due to Quattro being required to shut-in for periods from 5 to 7 days in British Columbia and Alberta, with the exit rate at September 30 recovering to 1,580 boe per day. In the second quarter, the Corporation continued to reduce costs, with operating costs averaging $13.09 per boe compared to $14.54 per boe in the second quarter, a 9% reduction during the quarter despite production being restricted.