Production averaged 41,876 barrels of oil per day ("bopd") for the month of June, a six percent increase from May. In addition, production for the second quarter averaged 40,334 bopd, down 468 bopd from Q1.
PMG's production is expected to ramp up into year-end to an exit rate near 50,000 bopd.
Forecast EPG CFPS
Yr 2011, $3.76, $8.60
Yr 2012, $6.36, $12.50