NuVista Energy Ltd. announced consolidated earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company reported funds from operations of $11,629,000 or $0.10 per diluted share against $24,124,000 or $0.24 per diluted share a year ago. Net loss was $4,061,000 or $0.03 per diluted share against $3,147,000 or $0.03 per diluted share a year ago. Adjusted net loss was $8,621,000 or $0.07 per diluted share against $10,898,000 or $0.11 per diluted share a year ago. Capital expenditures were $68,789,000 against $52,863,000 a year ago. Net debt was $79.6 million at the end of the quarter. The company also announced operating results for the first quarter ended March 31, 2013. For the quarter, the company reported natural gas production of 62.8 MMcf/d against 105.5 MMcf/d a year ago. Natural gas liquids was 1,716 Bbls/d against 2,000 Bbls/d a year ago. Oil was 1,732 Bbls/d against 4,477 Bbls/d a year ago. The company reiterates guidance for first half and full year 2013 despite the downtime experienced in the first quarter of 2013. The company still expects to produce in the range of 15,250 Boe/d to 16,250 Boe/d in the first half of 2013, based on the actual production of 14,903 Boe/d in the first quarter of 2013 and a projected range of 16,000 Boe/d to 17,000 Boe/d in the second quarter of 2013. Growth in production from the Montney program will begin in earnest post spring breakup with fourth quarter 2013 guidance unchanged at 17,500 Boe/d to 18,500 Boe/d, for total year guidance in the range of 16,000 Boe/d - 17,000 Boe/d. The expect to average two rigs in the Montney formation for the remainder of 2013. Full year 2013 spending is anticipated to be between $210 million and $220 million, with 2013 cash flow estimated at $75 million - $85 million.

NuVista Energy Ltd. announced that they will report Q1, 2013 results at 11:15 PM, GMT Standard Time on May 08, 2013

NuVista Energy Ltd. Presents at CIBC 2013 Energy Conference, Apr-16-2013 10:35 AM. Venue: Toronto, Ontario, Canada. Speakers: Jonathan Andrew Wright, Chief Executive Officer, President, Director and Member of Executive Committee.