• Production over the first nine months of 2022 is expected to be 4.1 4.4 mboe/d, suggesting modest production growth in 3Q22 compared to 1H22 (guidance of 4.0-4.2 mboe/d). This is very close to our expectations (4.25 mboe/d).
• The guidance for funds flow from operation of A$44-50 mm (@US$105/bbl for WTI) is also a bit higher than we forecast (A$45 mm).
• The 2Q22 capex is only expected to be A$3.5 mm with the 3Q22 programme expected to cost A$7.8 mm. This is well below our expectations of a t ....
16 May 2022
Calima Energy Ltd (ASX: CE1): Production in line but with less capex
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Calima Energy Ltd (ASX: CE1): Production in line but with less capex
• Production over the first nine months of 2022 is expected to be 4.1 4.4 mboe/d, suggesting modest production growth in 3Q22 compared to 1H22 (guidance of 4.0-4.2 mboe/d). This is very close to our expectations (4.25 mboe/d).
• The guidance for funds flow from operation of A$44-50 mm (@US$105/bbl for WTI) is also a bit higher than we forecast (A$45 mm).
• The 2Q22 capex is only expected to be A$3.5 mm with the 3Q22 programme expected to cost A$7.8 mm. This is well below our expectations of a t ....