Parallel Energy Trust Reports Earnings and Production Results for the Second Quarter Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014
For the quarter, the company reported average daily production of 7,183 boe/day against 6,607 boe/day a year ago.
For the full year of 2014, the company is confident that it can achieve its full year production guidance of 7,100 boe/day to 7,300 boe/day. In terms of sustainability, the company remain on target to achieve its full year cash flow guidance of CAD 46 million.