Elk Petroleum Limited Reports Consolidated Earnings Results for the Quarter and Year to Date Ended of June 30, 2017; Reports Operating Results for the Fourth Quarter of 2017
For the year to date, the company announced the net cash used in operating activities of USD 40,070,000. Payments to acquire property, plant and equipment was USD 2,711,000 a year ago.
For the June Quarter, Madden Lost Cabin daily gas production averaged 21.3 MMSCF/day (3,552 BOEPD) for total quarterly production 1.9 BCF (323,241 BOE). There was reduced production in the month of May due to scheduled maintenance at the Lost Cabin Gas Plant.