2023-03-10 04:49:26 ET
- Lucero Energy press release ( OTCQB:PSHIF ): Q4 GAAP EPS of C$0.03.
- 11,009 Boepd average production compared to 10,904 Boepd in Q3 2022 and 10,906 Boepd in Q4 2021;
- $37.0 million of funds flow 1 , compared to $41.5 million in the previous quarter and $20.0 million in Q4 2021;
- $0.06 per share of funds flow 1 , consistent with Q3 2022 and 50% higher than $0.04 per share generated in the same quarter of 2021;
- $44.07 per Boe average operating netback 1 prior to hedging, compared to $52.24 per Boe in the previous quarter and $43.74 per Boe in Q4 2021;
- $16.6 million of exploration and development ("E&D") expenditures 1 , allocated to drilling six (2.7 net) wells and completing two (1.98 net) operated wells, representing a conservative payout ratio 1 of 45% on funds flow 1 of $37.0 million; and
- $77.4 million of net debt 1 at December 31, 2022, reflecting a 22% decrease from $99.2 million at September 30, 2022, and 61% lower than $196.1 million at December 31, 2021.
For further details see:
Lucero Energy GAAP EPS of C$0.03