Calgary’s Razor Energy Corp. (stock ticker: RZE) has approved a capital budget of $13.5 million for fiscal 2019 that allows it to maintain production levels while continuing to pay a dividend.

Reactivations, recompletions and optimizations
$4.6 million

Facilities and pipelines
$5.2 million

Other (oilfield IT and other)
$1.5 million

End of life expenditures
$2.2 million

Reactivations, recompletions and optimizations include activities in both the Swan Hills and Kaybob areas and production management activities of existing waterfloods...


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