Production Increase
Production averaged 357,000 BOE per day, an 8% increase year-over-year and an 11% increase on a per share basis.
Successful Kakwa Acquisition
Closed acquisition of Kakwa assets from Strathcona, adding approximately 40,000 BOE per day of production and extending inventory duration to 15 years.
Strong Financial Performance
Generated $186 million of free funds flow, 90% above analyst estimates, with cash flow of $1.17 per share, 5% above analyst estimates.
Attachie Land Acquisition
Acquired more land at Attachie, increasing position by more than 10% and extending development runway.
Operational Flexibility and Cost Structure
100% working interest in Montney lands and owned infrastructure supports low-cost structure and operational flexibility.