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Raging River Exploration Inc (RRX.TO)

RRX.TO on Toronto Stock Exchange

8.16CAD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Raging River Exploration Q1 FFO per share C$0.31
Monday, 8 May 2017 07:29pm EDT 

May 9 (Reuters) - Raging River Exploration Inc :Raging river exploration inc. Announces first quarter operating and financial results, increases 2017 guidance and reaffirms credit facilities.Q1 FFO per share C$0.31.Achieved quarterly production record with average production of 22,755 boe/d (92% oil), an increase of 38%.Approved 2017 updated capital budget of $340 million, an increase of 10% from previously approved $310 million budget.Raging river exploration inc - syndicate of lenders underwriting company's credit facilities have unanimously reaffirmed borrowing base at $400 million.Estimate that q2 production levels will be approximately 3% lower than q1 production levels.Qtrly petroleum and natural gas revenue $112 million versus $50.4 million last year.  Full Article

Raging River Exploration responds to market speculation
Thursday, 6 Apr 2017 09:00am EDT 

Raging River Exploration Inc : Raging River Exploration Inc. responds to market speculation . Raging River Exploration Inc- will continue to engage financial advisors to assist in execution of its long term business plan .Raging River Exploration-GMP Securities l.p. had been engaged as financial advisor as part of process undertaken by board to explore ways to further business plan.  Full Article

Raging River Exploration qtrly EPS $0.08
Monday, 6 Mar 2017 07:15pm EST 

Raging River Exploration Inc : Qtrly earnings per share $0.08 . Q4 average production of 20,447 boe/d (92% oil) representing an increase of 38% over comparable period in 2015 . Raging river exploration- expects to show year over year production per share growth of about 26% and anticipate continued strong earnings growth in 2017 .At current 2017 strip, WTI oil prices of $55/bbl, anticipate 2017 funds flow from operations of about $310 million.  Full Article

Raging River Exploration qtrly EPS $0.08
Monday, 6 Mar 2017 06:42pm EST 

Raging River Exploration Inc : Qtrly earnings per share $0.08 . Q4 average production of 20,447 boe/d (92% oil) representing an increase of 38% over comparable period in 2015 . Raging river exploration- expects to show year over year production per share growth of about 26% and anticipate continued strong earnings growth in 2017 .At current 2017 strip, WTI oil prices of $55/bbl, anticipate 2017 funds flow from operations of about $310 million.  Full Article

Raging River Exploration Q4 production averaged about 20,400 boe/d
Tuesday, 7 Feb 2017 08:49pm EST 

Raging River Exploration Inc : Raging River Exploration Inc. announces 2016 year end reserves, preliminary 2016 results and operations update . Says Q4 2016 production averaged approximately 20,400 boe/d .Says total capital expenditures within Q1 are expected to be $100 million.  Full Article

Raging River Exploration announces 2017 capital budget of $310 mln
Wednesday, 14 Dec 2016 07:35pm EST 

Raging River Exploration Inc : Now expected that at total of 282 net wells will be drilled in 2016 . 2018 exit production is forecast to be approximately 27,000 BOE/D or 30 pct above Q4 2016 levels . Budgeted capital expenditures are expected to increase average production to 22,500 BOE/D (93 pct oil) in 2017 . Approved 2017 capital budget approximates forecasted cash flow of $310 million at WTI of US$54.00/BBL . Sees 2017 average daily production 22,500 barrels of oil equivalent .Announces 2017 capital budget of $310 million and confirmation of increase in the credit facilities to $400 million.  Full Article

Raging River Exploration announces 2017 capital budget of $310 mln
Wednesday, 14 Dec 2016 06:43pm EST 

Raging River Exploration Inc : Now expected that at total of 282 net wells will be drilled in 2016 . 2018 exit production is forecast to be approximately 27,000 BOE/D or 30 pct above Q4 2016 levels . Budgeted capital expenditures are expected to increase average production to 22,500 BOE/D (93 pct oil) in 2017 . Approved 2017 capital budget approximates forecasted cash flow of $310 million at WTI of US$54.00/BBL . Sees 2017 average daily production 22,500 barrels of oil equivalent .Announces 2017 capital budget of $310 million and confirmation of increase in the credit facilities to $400 million.  Full Article

Raging River Exploration Inc announces $58 million Dodsland Viking property acquisition
Monday, 28 Nov 2016 06:10pm EST 

Raging River Exploration Inc :Raging River Exploration Inc announces $58 million Dodsland Viking property acquisition.  Full Article

Raging River Exploration increases FY capital budget to $220 million
Wednesday, 20 Jul 2016 07:26pm EDT 

Raging River Exploration Inc : Says fy capital budget has been increased to $220 million . Raging river exploration inc. Announces receipt of court and shareholder approval for corporate acquisition of rock energy inc., forgan land consolidation and increased 2016 guidance .Says now forecasting 2016 average production to be 18,000 BOE/D with an increased exit guidance of 20,500 BOE/D.  Full Article

Raging River announces acquisition of Rock Energy Inc for $109 mln
Wednesday, 1 Jun 2016 12:11am EDT 

Raging River Exploration Inc : Announces corporate acquisition of Rock Energy Inc . Rock shareholders will receive, for each rock share held, 0.082 Raging River common shares . Total consideration for acquisition is about $109 million . Consideration for acquisition is comprised of issuance of 3.896 mln common shares of Raging River . Deal includes 2,550 boe/d of production and about 25 net sections in Kerrobert area of southwest Saskatchewan .Deal also includes assumption of about $67 million of debt inclusive of bank debt,working capital deficiency, expected deal costs.  Full Article

More From Around the Web

BRIEF-Raging River Exploration Q1 FFO per share C$0.31

* Raging river exploration inc. Announces first quarter operating and financial results, increases 2017 guidance and reaffirms credit facilities