Cequence Energy Ltd. reported earnings and production results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total revenue of $14,071,000 against $19,015,000 for the same period last year. Comprehensive loss was $880,000 or $0.00 per basic and diluted share against income of $99,070,000 or $0.47 per basic and diluted share for the same period last year. Funds flow from operations was $3,385,000 or $0.02 per basic and diluted share against $5,139,000 or $0.02 per basic and diluted share for the same period last year. Capital expenditures, including acquisitions were $2,357,000. As at September 30, 2016, the company has net debt of $67,913,000 compared to $53,633,000 a year ago.

For the nine months, the company reported total revenue of $40,746,000 against $61,372,000 for the same period last year. Comprehensive loss was $18,980,000 or $0.09 per basic and diluted share against income of $103,487,000 or $0.49 per basic and diluted share for the same period last year. Funds flow from operations was $4,625,000 or $0.02 per basic and diluted share against $20,704,000 or $0.10 per basic and diluted share for the same period last year.

For the quarter, the company production of natural gas was 44,320 Mcf/d against 43,987 Mcf/d a year ago. Crude oil production was 175 bbls/d against 119 bbls/d a year ago. Natural gas liquids production was 261 bbls/d against 485 bbls/d a year ago. The company achieved total production of 8,621 boepd against 8,822 boepd a year ago.

For the nine months, the company production of natural gas of 49,541 Mcf/d against 49,541 Mcf/d a year ago. Crude oil production was 190 bbls/d against 138 bbls/d a year ago. Natural gas liquids production was 247 bbls/d against 534 bbls/d a year ago. The company achieved total production of 8,899 boepd against 9,913 a year ago.

For the full year 2016, the company revises its guidance of Funds flow from operations was $8,000 or $0.04 against $2,000 or $0.04 as previous guidance. Capital expenditures, net of dispositions was $17,000 against $7,000 as previous guidance. Net debt of $64,000 against $64,000 as previous guidance.

For the six months ending June 30, 2017, the company expected funds flow from operations was $11,000 to 12,000. Funds flow from operations per share of $0.05. Capital expenditures, net of dispositions were $15,500. Net debt of $67,000 to $69,000 as previous guidance.

For the full year 2016, the company revises its guidance of Average production, of 8,800 BOE/d compared to 8,500 BOE/d as previous guidance.
For the six months ended June 30, 2017 the company expected average production, of 9,000 BOE/d to 9,500 BOE/d.