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Cequence Energy Ltd Raises FY 2012 Production Guidance; Issues H1 2013 Production Guidance

Tuesday, 13 Nov 2012 06:51pm EST 

Cequence Energy Ltd announced that it expects to exceed its previously disclosed fiscal 2012 guidance with exit production increasing from 8,400 boe/d to 9,000 boe/d. Average production is expected to increase to approximately 8,800 boe/d compared to the previous estimate of 8,700 boe/d. The revised production estimates are a result of higher productivity than originally forecasted from the Falher well completed in the third quarter. For the first half of 2013, Cequence is expecting capital spending of $42 million, average production of 9,600 boe/d and funds flow of $25 million. 

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