Cequence Energy Ltd. reported consolidated earnings and production results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported funds flow from operations of CAD 3.6 million an increase of 7% from CAD 3.4 million reported the same periods in 2016, driven by higher oil and condensate weighting and associated realized prices. Funds flow from operations per basic and diluted share was CAD 0.01 compared to CAD 0.02 in the last year. The company reported total revenue of CAD 15.1 million compared to CAD 14.7 million, comprehensive loss of CAD 3.1 million or CAD 0.01 per basic and diluted share compared to CAD 0.9 million or CAD 0.00 per basic and diluted share, capital expenditures, before acquisitions (dispositions) of CAD 2.7 million compared to CAD 2.8 million for the last year.

For the nine months, the company reported funds flow from operations of CAD 17.7 million or CAD 0.07 or per basic and diluted share compared to CAD 4.6 million or CAD 0.02 or per basic and diluted share, total revenue of CAD 52.3 million compared to CAD 41.8 million, comprehensive loss of CAD 92.7 million or CAD 0.38 per basic and diluted share compared to CAD 19.0 million or CAD 0.09 per basic and diluted share, capital expenditures, before acquisitions (dispositions) of CAD 20.3 million compared to CAD 11.1 million for the last year. Net debt as at September 30, 2017 was CAD 68.4 million compared to CAD 67.9 million as at September 30, 2016.

For the quarter, the company announced production of Natural gas (Mcf/d) of 40,729 compared to 44,320 crude oil (bbls/d) of 388 compared to 175 natural gas liquids (bbls/d) of 250 compared to 261 Condensate (bbls/d) of 841 compared to 798 and total (boe/d) of 8,266 compared to 8,621 for the last year.

For the nine months, the company announced production of Natural gas (Mcf/d) of 42,871 compared to 45,562, crude oil (bbls/d) of 364 compared to 190 natural gas liquids (bbls/d) of 253 compared to 247, Condensate (bbls/d) of 858 compared to 869 and total (boe/d) of 8,620 compared to 8,899 for the last year.

The company revised earnings guidance for the year ending December 31, 2017. For the year, the company now expected average production, boe/d of 8,250 compared to previous guidance of 8,500-8,700, funds flow from operations of CAD 20.0 million compared to previous guidance of CAD 23.0 million, funds flow from operations per share of CAD 0.08 compared to previous guidance of CAD 0.10, capital expenditures of CAD 24.0 million compared to previous guidance of CAD 24.0 million, period end, net debt of CAD 68.0 million compared to previous guidance of CAD 65.0 million.