Twin Butte Energy Ltd. Provides Capital Spending and Production Guidance for the Third Quarter of 2013 and Net Debt Guidance for the Full Year of 2013
Based on third quarter drilling success as well as an expanded fourth quarter drilling program, the company anticipates exiting 2013 with production of 16,500 boe per day, up from its most recent forecast of 15,500 boe per day.
The company announced that year end net debt is anticipated to be just over $200 million on a current credit facility of $280 million providing Twin Buttewith substantial financial flexibility.