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Hyperion Exploration Corp Releases Q3; Trading Near Yr Low

Hyperion Exploration Corp. (HYX.V), which is trading near a year low 44 cents, released its Q 2012 Highlights

- Record average production in Q3 2012 of 1,522 boe/d (64% light oil and NGLs), a 45% increase compared to the Q3 2011 production average of 1,050 boe per day (54% light oil and NGLs).

- Record Q3 2012 funds flow of $4.2 million or $0.08/share, a 69% year over year increase.

- Enhanced Niton/McLeod undeveloped land position via farm-in providing a combined total of 35,680 gross (32,508 net) acres of Cardium rights and future growth potential with an un-booked drilling inventory of 191 gross (172 net) light oil locations.

- Continued to achieve operating efficiencies, increasing field netbacks from $30.32 per boe in Q3 2011 to $34.84 per boe in Q3 2012.

- Reduced operating costs from Q2 2012 to $10.38/boe, a decrease of 12%;

- In Q3 2012, Hyperion expended total capital, including land acquisitions and work overs, of $3.6 million.

- Drilled 1 gross (0.89 net) Cardium light oil well in the Niton/McLeod area which was completed and tied-in in Q4 2012.

- Completed and tied-in 1 gross (0.85 net) Cardium light oil well in the Garrington area that was drilled in late Q2 2012; and

- Equipped and tied in 1 gross (0.5 net) Cardium light oil well in the Pembina area that was drilled late in Q1 2012.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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