BRIEF-Crescent Point Energy Corp Q1 net loss per share $0.17

Thu May 12, 2016 6:39am EDT
 
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May 12 (Reuters) - Crescent Point Energy Corp

* Quarterly production of 178,241 boe/d in Q1 2016

* Qtrly net loss per share $0.17

* Continues to lower its overall cost structure

* Well positioned to achieve its annual average production guidance.

* Remains on track to convert 50 producing wells in 2016 with initial plans to accelerate conversions in 2017

* 2016 guidance, initial 2017 plans unchanged with capital expenditures of $950 million each year and average production of 165,000 boe/d each year

* Q1 earnings per share view c$-0.11 -- Thomson Reuters I/B/E/S

* Crescent Point announces Q1 2016 results and record production Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)