Impact: Neutral. Although TCPL curtailments continue to restrict Ikkuma's production levels (~70% of its total productive capacity currently), and has prompt a reduction to its average 2015e production to between 6,500-7,500 boe/d (down from 7,500-8,000 boe/d previously), the Company's full production capability of between 9,500-10,500 boe/d is sufficient to reach its prior 2015e exit target of between 9,000-9,300 boe/d as well as our preliminary 2016e outlook.
24 Nov 2015
IKKUMA RESOURCES CORP. (IKM) ANNOUNCES 3Q15 FINANCIAL AND OPERATING RESULTS
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IKKUMA RESOURCES CORP. (IKM) ANNOUNCES 3Q15 FINANCIAL AND OPERATING RESULTS
Impact: Neutral. Although TCPL curtailments continue to restrict Ikkuma's production levels (~70% of its total productive capacity currently), and has prompt a reduction to its average 2015e production to between 6,500-7,500 boe/d (down from 7,500-8,000 boe/d previously), the Company's full production capability of between 9,500-10,500 boe/d is sufficient to reach its prior 2015e exit target of between 9,000-9,300 boe/d as well as our preliminary 2016e outlook.