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NuVista Energy Ltd announces non-core asset dispositions; reaffirms FY 2013 production guidance; issues FY, Q4 2014 production guidance


Wednesday, 11 Dec 2013 08:11pm EST 

NuVista Energy Ltd:Says the disposition of non-core assets in its W3/W4 operating areas for gross proceeds of $30.2 mln.Says the gross proceeds of $30.2 mln consist of $25.2 mln in cash and a $5.0 mln interest bearing secondary charge debenture with a three year term.Says the disposition has an effective date of Sept. 1, an expected closing date of Dec. 18.Says reaffirmed its previously announced guidance range for FY 2013 production and funds from operations.Says to expect production for Q4 2013 to be within the guidance range of 17,000 Boe/d to 18,000 Boe/d including the effect of the divestiture.Says FY 2014 annual production after the effect of divestiture is expected to be 17,500 Boe/d to 18,500 Boe/d, with Q4 2014 production forecast to be in the range of 20,000 Boe/d to 21,000 Boe/d. 

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