|
|
Canadian News
Delphi Energy Q3 FFO Declines - Quick Facts
11/4/2009 11:32 PM ET
(RTTNews) -
Delphi Energy Corp. (DEE.TO: News ) reported third quarter funds from operations of C$12.64 million or C$0.16 per share, compared to C$18.16 million or C$0.23 per share in the prior year quarter.
Net loss for the quarter was C$3.28 million or C$0.04 per share, compared to an income of C$6.74 million or C$0.09 per share last year.
Quarterly petroleum and natural gas sales declined 29% to C$24.43 million from C$34.46 million a year ago.
Looking ahead, Delphi estimates field capital program for the fourth quarter to be $12.0 million to $14.0 million with two rigs drilling through the end of the year in conjunction with the on-going recompletion program.
Cash flow for 2009 is now forecast to be between $45.0 million and $47.0 million compared to the original guidance of $38.0 million to $43.0 million.
The company said that its planned 2010 capital program of about $65.0 million is expected to result in production volumes of 7,500 boe/d to 8,000 boe/d.
Click here to receive FREE breaking news email alerts for Delphi Energy Corp and others in your portfolio
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
|
|
|
|
|
|
|