CALGARY, Aug. 1, 2018 /PRNewswire/ - Jupiter Resources Inc. ("Jupiter" or the "Company") today reported financial and operating results for the second quarter of 2018.
"Market conditions continue to be very challenging for Canadian gas-weighted companies including ourselves," said Simon Bregazzi, Jupiter's CEO. "Our team responded accordingly by adjusting our pace of growth, reducing capital and shutting-in wells, effectively reducing production by approximately 100 million cubic feet equivalent per day. Our second quarter results reflect these actions and we remain on track to meet the revised 2018 guidance we issued last quarter."
Jupiter's second quarter financial results have been posted to the investor portal on the Company website. The Company will be hosting a conference call to discuss results on August 2, 2018.
Conference Call
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Date:
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Thursday, August 2, 2018
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Time:
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9:00 a.m. MT (11:00 a.m. ET)
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Dial-in Numbers:
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Local – Calgary: 587-880-2171
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Local – Toronto: 416-764-8688
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Toll Free – North America: 888-390-0546
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Jupiter is an independent Calgary-based energy company with an operations office in Grande Cache, Alberta. The Company is focused on the acquisition, development and production of unconventional liquids-rich natural gas properties in the Western Canadian Sedimentary Basin.
Forward Looking Statements
Certain information set forth in this release contains forward-looking statements, which are provided to allow investors to better understand our business. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Jupiter's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve and resource estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management and services, stock market volatility, changes in environmental regulations, tax laws and royalties and the ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Jupiter's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements, or if any of them do so, what benefits that Jupiter will derive therefrom. Jupiter disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE Jupiter Resources Inc.
