Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Andrew~ who wrote (4584)	1/29/2014 7:41:11 AM
From: Andrew~	Respond to of 202736

MEI-V Manitok Energy Provides 2014 Capital Program and Guidance Highlights Capital expenditures of approximately $104.5 million.Average annual production of 6,000 to 6,200 boe/d (62% - 65% oil and liquids), which is approximately a 50% increase from the estimated 2013 average of 4,000 to 4,100 boe/d. 2014 exit rate of 7,100 to 7,500 boe/d (67% - 70% oil and liquids), which is approximately a 32% increase from the 2013 exit rate of 5,550 boe/d. Funds from operations of $69.0 to $71.0 million, or $0.94 to $0.96 per share based on 73,783,000 average basic shares outstanding.34 gross (28.2 net) wells drilled targeting light oil in the Corporation's Stolberg, Entice and other Southern Alberta Foothills areas.2014 exit net debt of approximately $69.0 - $71.0 million, resulting in a December 31, 2014 net debt to funds from operations ratio of approximately 1.0 times (with current credit facilities of $105.0 million). http://stockboard.com/news/view.php/manitok-energy-provides-2014-capital-program-and-guidance