Daylight Resources Trust Reports Third Quarter 2009 Financial and Operating Results- Significant Operational Results Validate Resource Play Strategy on Multiple Fronts
CALGARY, ALBERTA–(Marketwire – Nov. 4, 2009) – Daylight Resources Trust (TSX:DAY.UN)
MESSAGE TO UNITHOLDERS
Daylight Resources Trust (“Daylight” the “Trust” or the “Company”) is pleased to report financial and operating results for the three and nine months ended September 30, 2009 (“Q3 2009″ and “YTD 2009″ respectively).
Record production volumes of 23,502 barrels of oil equivalent (“boe”) per day highlight another strong quarter for Daylight representing year over year production growth of 8% which was net of approximately 2,500 boe per day shut-in during the period due to low natural gas prices. Daylight expects to return these shut-in volumes to production prior to the end of 2009 in conjunction with improved natural gas prices. In addition, Daylight elected to defer the majority of our Q3 2009 natural gas capital program to Q4 2009 with an expectation of improved prices. Increased production volumes delivered during Q3 2009 combined with stronger light oil, heavy oil an
