News with 3rd quarter results, conference call, ma
Post# of 65
Posted On: 11/06/2015 1:42:24 PM
News with 3rd quarter results, conference call, maintain 2015 guidance and retirement of director...
http://www.eagleenergytrust.com/PublicDocumen...elease.pdf
“Eagle exited the third quarter of 2015 dedicated to the continued health of its balance sheet and the improved efficiency of the overall business,” said Richard Clark, Eagle’s President and Chief Executive Officer. “We remain focused on maintaining our production base, enhancing sustainability and driving down our cost structure.”
Mr. Clark continued, “We are pleased to report that third quarter sales volumes averaged 3,607 barrels of oil equivalent per day and we remain on track to meet our full year 2015 guidance. In addition, two-thirds of our $16.2 million capital program for 2015 has also been executed, with results performing to expectations.”
http://www.eagleenergytrust.com/PublicDocumen...elease.pdf
“Eagle exited the third quarter of 2015 dedicated to the continued health of its balance sheet and the improved efficiency of the overall business,” said Richard Clark, Eagle’s President and Chief Executive Officer. “We remain focused on maintaining our production base, enhancing sustainability and driving down our cost structure.”
Mr. Clark continued, “We are pleased to report that third quarter sales volumes averaged 3,607 barrels of oil equivalent per day and we remain on track to meet our full year 2015 guidance. In addition, two-thirds of our $16.2 million capital program for 2015 has also been executed, with results performing to expectations.”
Quote:
Eagle also announced today the planned retirement of Mr. Joe Blandford from the board of directors of the Trust’s
administrator, Eagle Energy Inc., and the Trust’s U.S. operating subsidiary, Eagle Hydrocarbons Inc., effective as of
November 6, 2015.
Commenting on Mr. Blandford’s retirement as a director, Mr. Clark stated, “Eagle sincerely thanks Mr. Blandford for
his service as a non-executive board member and chair of Eagle’s Compensation Committee. Mr. Blandford joined
Eagle’s board in April 2010, before the completion of Eagle’s initial public offering in November of that year. Mr.
Blandford’s retirement has been planned for some time. We have sincerely appreciated Mr. Blandford’s counsel
during Eagle’s first five years and wish him well in his retirement.”
The vacancy created by Mr. Blandford’s resignation will not be filled by the Board immediately.
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