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Eagle Energy Announces 2016 Annual Results and Reserves Information
Mar. 17, 2017 08:46AM PST
Energy InvestingEagle Energy Inc. (TSX:EGL) (“Eagle”) is pleased to report its financial and operating results and its reserves information for the year ended December 31, 2016. As quoted in the press release: Richard Clark, Chief Executive Officer, commented, “Eagle closed out 2016 with strong reserve metrics, production exceeding the upper end of our guidance range, monthly …
Eagle Energy Inc. (TSX:EGL) (“Eagle”) is pleased to report its financial and operating results and its reserves information for the year ended December 31, 2016.
As quoted in the press release:
Richard Clark, Chief Executive Officer, commented, “Eagle closed out 2016 with strong reserve metrics, production exceeding the upper end of our guidance range, monthly operating costs at the lower end of our guidance range and ending debt levels as expected. In addition, with our March 13, 2017 announcement of a new four year secured term loan with White Oak Global Advisors, LLC, we have expanded our borrowing capacity by 24% and established a foundation upon which we can execute our new growth strategy over the next four years and accelerate the development of our low risk drilling inventory.”
