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Q1 2012 Sees Production Decrease for Sonde Resources
May. 15, 2012 10:24AM PST
Resource Investing News Sonde Resources Corp. (TSX:SOQ,AMEX:SOQ) announced that its financial and operating results for the first quarter of 2012 include decreased production compared to the previous quarter.
Sonde Resources Corp. (TSX:SOQ,AMEX:SOQ) announced that its financial and operating results for the first quarter of 2012 include decreased production compared to the previous quarter.
As quoted in the press release:
For the three months, ended March 31, 2012, production averaged 2,746 boe/d. The decrease in production from the fourth quarter of 2011 is primarily due to decreased gas volumes due to gas wells being shut-in and natural decline, with few capital expenditures allocated to replacing gas production.
Click here to read the full Sonde Resources Corp. (TSX:SOQ,AMEX:SOQ) press release.
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