Condor’s 2Q16 results were inconsequential to the go-forward plan. The Company has a cash balance of C$37 mm, positive working capital of C$35 mm, and no long-term debt. Condor has sufficient financial resources to execute on its capital program. In Kazakhstan, production from the Shoba Field is expected to resume in 3Q16e. In Turkey, development operations are proceeding and drilling operations are expected to commence in September 2016e. The Company remains on track for first natural
15 Aug 2016
Reports 2Q16 Results and Operational Update
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Reports 2Q16 Results and Operational Update
Capita plc (CPI:LON) | 13.2 0 0.0% | Mkt Cap: 224.7m
- Published:
15 Aug 2016 -
Author:
Darren B. Engels -
Pages:
7
Condor’s 2Q16 results were inconsequential to the go-forward plan. The Company has a cash balance of C$37 mm, positive working capital of C$35 mm, and no long-term debt. Condor has sufficient financial resources to execute on its capital program. In Kazakhstan, production from the Shoba Field is expected to resume in 3Q16e. In Turkey, development operations are proceeding and drilling operations are expected to commence in September 2016e. The Company remains on track for first natural