Guide Exploration Announces Increase in Heavy Oil Price for Q1

- May 7th, 2012

Guide Exploration Ltd. (TSX:GO) announced that its financial results for the first quarter of 2012 include an increase in heavy oil production.

Guide Exploration Ltd. (TSX:GO) announced that its financial results for the first quarter of 2012 include an increase in heavy oil price.

As quoted in the press release:

Prices realized in the first quarter of 2012 were lower for all products than those realized in the first quarter of 2011, with the exception of heavy oil, which increased by 9%. Light oil prices decreased by 5%, NGL prices decreased by 3%, and the average price received for natural gas decreased by 45%.

Click here to read the full Guide Exploration Ltd. (TSX:GO) press release.

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