Chesapeake Energy Corp : Chesapeake energy corporation reports 2016 full year and fourth quarter financial and operational results . Q4 revenue fell 24 percent . Q4 adjusted earnings per share $0.07 excluding items . Q4 loss per share $0.84 . Q4 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . Says average daily production for 2016 Q4 of approximately 574,500 barrels of oil equivalent . Q4 total revenues $2,021 million versus $2,649 million . Says as of Dec 31, 2016, Chesapeake's debt principal balance was approximately $10.0 billion, compared to $9.7 billion as of December 31, 2015 . Sees FY total capital expenditures $1,900 million - $2,500 million . Sees FY NGL absolute production 18 - 20 mmbbls . Sees FY oil absolute production 33 mmbbls - 35 mmbbls . Sees FY liquids absolute production 51 mmbbls - 55 mmbbls . Chesapeake expects to end February with approximately $300 million in cash on hand . Says average daily production for 2016 Q4 consisted of approximately 90,400 bbls of oil, 2.562 bcf of natural gas and 57,100 bbls of NGL . Says "planning to sell additional non-core and non-operated properties in 2017" . Says Chesapeake's average daily production for 2016 Q4 was approximately 574,500 boe . Says for 2017 Q1, company expects its average daily production to range between 515,000 and 535,000 boe . Says Chesapeake is currently utilizing 17 drilling rigs across its operating areas.
Turcas Petrol : Says to merge with 99.99 percent owned indirect subsidiary Turcas Elektrik Üretim via acquisition with an aim to effectively manage subsidiaries portfolio and financial resources within the group and enhance resource optimization .More effective and active hedging mechanism is aimed with this merger transaction via reclassification of foreign currency denominated long term investment loans within the group under the same balance sheet of the Company, which has foreign currency denominated revenues.
Dundee Energy Ltd : Dundee Energy Limited announces initiation of strategic review process for dundee energy limited partnership . Says has engaged Dundee Capital Partners, an unrelated entity, and CW leigh cassidy of whitewater inc. As its financial advisors . Dundee Energy Ltd -has not set schedule to complete its identification, examination and consideration of strategic alternatives with respect to delp . Strategic alternatives may include, but are not limited to, a debt restructuring . Says does not intend to provide updates until such time as board of directors approves a definitive transaction . Dundee Energy Ltd - strategic alternatives may include sale of all or a material portion of assets of delp . Dundee Energy Ltd-strategic alternatives may include outright sale of delp, or business combination or other transaction involving delp and third party .Strategic alternatives may include, but not limited to alternative financing initiatives.