DENVER, Jan. 5, 2018 /PRNewswire/ -- Hallador Energy
Company (Nasdaq: HNRG) recently added new coal contract sales
in 2018 and 2019 and is raising its projected sales target as
follows:
2018:
|
*6.2MM tons sold (91%
of projected sales) at ~$40 per ton. Projecting 6.8MM
tons for the full year.
|
|
|
2019:
|
4.7MM tons sold (67%
of projected sales) at ~$42 per ton. Projecting 7.0MM
tons for the full year.
|
|
|
*2018 tons sold
represent management's best estimate based on flexibility of
contract positions
|
"Our new contracted position provides Hallador with a solid
foundation of sales that should allow us going forward to exceed
the 6.6 MM tons that were shipped in 2017. It is also very
exciting that the majority of these new sales are to power plants
that we have not shipped to before. I attribute a good part of
our success to our new Princeton Loop on the NS Railroad and the
flexibility it provides our customers," said Brent Bilsland, President and CEO of Hallador
Energy.
Hallador's headquarters are in Denver,
Colorado and through its wholly owned subsidiary, Sunrise
Coal, LLC, produces coal in the Illinois Basin for the electric power
generation industry. To learn more about Hallador or Sunrise, visit
our websites at www.halladorenergy.com or
www.sunrisecoal.com.
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SOURCE Hallador Energy Company