![]() While the wells to be drilled in 2023 can be brought online within our overall existing facility capacity, part of our 2023 CAPEX will go toward localized facility modifications to optimize our producing operations and enhance long-term processing capabilities at Leduc-Woodbend. Our 2023 drilling program will commence in late Q2 or early Q3, with production contributions from the four (3.35 net) well program expected later in the second half of 2023. Our Leduc-Woodbend production guidance for full-year 2023 remains as previously announced at 1,450 to 1,550 boe/d. Uptime was strong, and reservoir performance has continued to meet or exceed our expectations. Our Canadian asset at Leduc-Woodbend continues to produce as expected, with first quarter production of 1,560 boe/d, up from 1,423 boe/d in Q4 2022. ![]() We continue to focus our efforts towards our strategy of acquiring international upstream assets to provide full-cycle value additions for our shareholders. As a result, our positive adjusted working capital (net debt) 3 position improved to $18.8 million, providing further liquidity to assist in the financing of future acquisitions. We generated significant funds flow from operations (“FFO”) 3 in Q1 2023 which was coupled with low seasonal capital expenditures 3 (“CAPEX”). We are pleased to provide this update along with our results for the first quarter of 2023. Weighted average for the period – diluted ($000 CAD, except per share and per boe amounts)
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