March 23, 2016 / 1:38 AM / in 2 years

BRIEF-Twin Butte says uncertainty surrounding ability to continue as going concern

March 22 (Reuters) - Twin Butte Energy Ltd :

* Within context of ongoing strategic alternatives process, there is uncertainty surrounding company’s ability to continue as a going concern

* Due to current pricing environment and lack of liquidity no development projects have or will be undertaken in Q1 2016

* Production is expected to continue to decline throughout year exiting in 10,000 boe/d range

* Have had to reduce staff counts and decrease compensation for everyone Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below