April 26, 2016 / 9:27 PM / 2 years ago

BRIEF-PrairieSky Royalty reports Q1 FFO per share $0.18

April 26 (Reuters) - PrairieSky Royalty Ltd

* Prairiesky announces first quarter 2016 results and initiation of a normal course issuer bid

* Q1 FFO per share $0.18

* Qtrly average production of 23,081 boe per day, 49% liquids

* Intends to apply for and initiate ncib to repurchase up to $40 million of shares (about $3.3 million per month) over next 12 months

* Qtrly revenues $ 48.9 million versus $ 54.4 million

* Intends to apply for and initiate a ncib to repurchase up to $40 million of common shares over next 12 months

* Q1 FFO per share view c$0.19 -- Thomson Reuters I/B/E/S

* Q1 revenue view c$43.8 million -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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