CALGARY, Alberta, Nov. 08, 2018 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to announce its third quarter 2018 financial and operating results. Selected financial and operational information is outlined below and should be read in conjunction with Razor’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the quarter ended September 30, 2018 which are available on SEDAR at www.sedar.com and the Company’s website www.razor-energy.com . NEAR AND MEDIUM-TERM OBJECTIVES Reducing operating costs, through continued investment in infrastructure and equipment, and increased efficiencies; Improving production efficiency through low risk, lower cost capital activities which include waterflood optimization, stimulations, recompletions, and workovers; Analyzing further ancillary opportunities including various power generation projects and oil blending; Maintaining the monthly dividend; Continuing common share buybacks through the renewed Normal Course Issuer Bid (described herein); Acquiring and consolidating complementary assets, while disposing of assets where and when appropriate; and Identifying potential merger candidates exhibiting complementary criteria. Q3 2018 HIGHLIGHTS OPERATING Achieved average production of 5,260 barrels of oil equivalent per day (“boepd”) in the third quarter of 2018, a 25% increase from the same period in 2017 due to the additional working interest acquisitions […]
