Inplay Oil Corp. Announces Audited Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Production Guidance for the Year 2019
For the year, the company reported petroleum and natural gas revenue of CAD 76,419,000 against CAD 62,239,000 a year ago. Comprehensive loss was CAD 8,598,000 or CAD 0.13 per basic share against CAD 7,701,000 or CAD 0.12 per basic share a year ago.
For the quarter, the company reported total production of 5,021 boe/d against 4,185 boe/d a year ago.
For the year, the company reported total production of 4,653 boe/d against 3,972 boe/d a year ago.
The company provided production guidance for the year 2019. For the period, the company expects annual average production in the range of 4,900 to 5,100 boe/d.