Altura Energy Inc. Announces Production Result for the Fourth Quarter and Year Ended December 31, 2018; Provides Production Guidance for the Year 2019
For the year 2018, the 2018 production volumes averaged 1,172 Boe per day (81%), an increase of 4% from 2017.
For the year 2019, the company's base production coupled with production from its capital program is forecasted to grow 2019 annual average production to range between 1,700 to 1,800 Boe per day in 2019, compared to 1,172 Boe per day in 2018, representing more than 45% growth on an absolute and per share basis.