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Ring Energy lauds Texas production, but takes quarterly loss


Ring Energy lauds Texas output, but takes quarterly loss
Shale oil and gas company Ring Energy reported a net loss for the fourth quarter on March 16, despite production from its assets in Texas exceeding expectations.
The company operates largely in the Delaware basin that straddles the border of Texas and New Mexico. Net production was around 9,307 boe/day in the three-month period, which was greater than expected. Some 86% of its net production was oil.
Net sale volumes in the fourth quarter were 3% lower than the previous reporting period. Fourth-quarter sale volumes totalled 7,984 boe/d of oil and 7.94mn ft
3/d of natural gas. ....

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Danone board ousts Faber as chairman after activist pressure: Le Figaro

Danone said on Monday that Emmanuel Faber would step down as chairman and CEO, ejected by the group's board after the Activia yoghurt maker faced growing calls from some shareholders to replace him. Faber, an advocate for environmental matters and a more sustainable way of doing business, had come under pressure as sales and margin growth underperformed some rivals in recent years. Danone said Faber would be replaced immediately by recently appointed director Gilles Schnepp in the seat of non-executive chairman, while Veronique Penchienati-Bosetta, Chief Executive Officer International, would work with Shane Grant, CEO for North America, as CEO and deputy CEO on an interim basis. ....

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