CALGARY, Alberta, Nov. 27, 2020 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces its third quarter 2020 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, 2020 which are available on SEDAR at www.sedar.com and the Company’s website www.razor-energy.com.
Q3 2020 HIGHLIGHTSOPERATINGAchieved operating expenses of $22.35/boe in the third quarter of 2020, down 24% from the same period in 2019 due to a strict focus on cost reductions and operating efficiencies. For the nine months ended September 30, 2020 Razor operated properties realized operating expenses of $23.49/boe while non-operated property operating expenses averaged

Read More At Article Source | Article Attribution