Bonavista Energy Corporation Reports Unaudited Consolidated Operating Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Operating Guidance for the Year 2019
For the year, the company reported production of natural gas of 297 mmcf/day compared to 306 mmcf/day a year ago. Natural gas liquid production was 17,366 bbls/day compared to 18,794 bbls/day a year ago. Oil production was 2,221 bbls/day compared to 2,415 bbls/day a year ago. Total oil equivalent was 69,154 boe/day compared to 72,156 boe/day a year ago.
For the year, the company expects annual production to be between 65,000 and 69,000 boe per day.