Second, the Phase 2 expansion project is engineered with a colder process to provide deeper liquids extraction capability, thereby enhancing natural gas liquid revenue upon project completion. Third, corporate capital efficiencies are expected to improve as incrementally additional capital can be invested into drilling and completion projects relative to facilities spending subsequent to the first half of 2018. Operational Update and Upcoming Conference Participation Bellatrix completed its fourth quarter 2016 capital investment plans despite minor field level delays due to a relatively warmer weather and later start to winter. Full year 2016 production volumes are expected to average modestly below the mid-point of the previously announced guidance range of 35,500 to 36,500 boe/d as minor delays in fourth quarter activity had a relatively immaterial impact to full year average volumes. As previously announced on December 21, 2016 , Bellatrix completed the sale of certain non-core assets in the greater Harmattan area of Alberta for $80 million . Bellatrix’s corporate production volumes are approximately 31,500 boe/d in December after incorporating the disposition of the Harmattan assets, with one 100% working interest Spirit River well drilled and awaiting completion and tie-in for January 2017. Bellatrix plans to participate at the TD Securities London Energy Conference in London, England on Monday, January 9 , 2017. A copy of Bellatrix’s updated corporate presentation will be available at www.bellatrixexploration.com . Bellatrix Exploration Ltd. is a Western Canadian based growth oriented oil and gas company engaged in the exploration for, and the acquisition, development and production of oil and natural gas reserves in the provinces of Alberta , British Columbia and Saskatchewan. Common shares of Bellatrix trade on the Toronto Stock Exchange and on the New York Stock Exchange under the symbol BXE. Reader Advisories: BARRELS OF OIL EQUIVALENT: The term barrels of oil equivalent (“boe”) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 mcf/bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this press release are derived from converting gas to oil in the ratio of six thousand cubic feet of gas to one barrel of oil. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. NON-GAAP MEASURES:This press release contains the term “funds flow from operations” which should not be considered an alternative to, or more meaningful than “cash flow from operating activities” as determined in accordance with GAAP as an indicator of the Company’s performance.
Secondly,.oth disciplines share the goal of enhancing, or preserving, firm value . In fact, we just finalized our second merchant cash advance with US Working Capital. Inventory is purchased from suppliers, sale of which generates accounts receivable and collected in cash from customers to pay off those suppliers. The global reaction to the UK’s vote to leave the EU has been significant. It is common for large corporations to have risk management teams; often this overlap with the internal audit function. The formula for net working capital NBC, sometimes referred to as simply working capital, is used to determine the availability of a company’s liquid assets by subtracting its current liabilities. As businesses review working capital in this uncertain environment, they must make sure they implement sustainable improvements, which will benefit them in years to come. The working-capital formula assumes that a company really would liquidate its current assets to pay current liabilities, which is not always realistic considering some cash is always needed to meet payroll obligations and maintain operations.
This may signal the company is in trouble, and may not be a good investment. Get an influx of capital to grow your business or take advantage of an unexpected opportunity. You are welcome to make additional payments or even pay the loan in full without penalty. Implement appropriate Credit scoring policies and techniques such that the risk of default on any new business is acceptable given these criteria. Because these types of businesses are selling expensive items on a long-term payment basis, they can’t raise cash as quickly. If the ratio is less than one then they have negative working capital. Keep in mind that it can take up to 3 business days for your final payment to process before you’ll be able to apply for a future loan, which will then be subject to approval.