Tourmaline Delivers Earnings of $618 3 Million in 2020, Adds 826 MMboe of 2P Reserves and Increases Dividend for Q1 2021 investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
(1)
The above table includes non-GAAP financial measures which may not be comparable to other companies. Please see the Non-GAAP Financial Measures section of the accompanying Management s Discussion and Analysis.
(2)
Please refer to Supplemental Table 4 Production of the accompanying Management s Discussion and Analysis for disclosure by product type.
Message to Shareholders
Vermilion started 2020 on a strong footing in what appeared to be a constructive outlook for commodity prices. That all changed in mid-February as the effects from the COVID-19 pandemic started to take hold. As we are all too aware now, the pandemic had devastating effects on the global economy and commodity prices. As commodity prices collapsed, we took swift and decisive action, making drastic changes to our business in order to protect the balance sheet and preserve financial liquidity. We reduced our 2020 capital program in March, suspended our dividend in April and, with other cost saving initiati
Vermilion Energy Inc Announces Results for the Year Ended December 31, 2020 and 2020 Reserves Information prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Yangarra Announces 2020 Year End Financials, Operating Results and Reserves
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Yangarra Resources
Yangarra or the
Company ) (TSX: YGR) announces its financials, operating results and reserves for the year ended December 31, 2020.
2020 was a volatile year with many challenges for the oil & gas industry in North America. Yangarra quickly responded to COVID-19 in early 2020 by reducing the capital program to zero until August 2020. Although this resulted in a decline in production, the Company worked to streamline operations and internalize third-party capital expenditures. As a result, Yangarra achieved lower drilling & completion costs which it expects to maintain as industry activity ramps up. In 2021, the Company has embarked on several ESG initiatives to address methane emissions, is working on creating a stronger management structure and plans to diversify the board of directors by adding two new members.
Forward-Looking / Cautionary Statements Forward-Looking Statements This presentation, including the oral statements made in connection. | March 2, 2021