Impact: Slightly positive as its LOC was reaffirmed $300 mm, achieved a higher exit rate than our thinking and impressive recent IP30s at the Company's Bilbo block which we will continue to monitor. All in, volumes exiting 2015 and recent well results should enable the Company to meet minimum take or pay agreements through 2016e with little to zero cost, though management would reduce discretionary capex should the current environment persist and it shifts to conserve capital.
19 Jan 2016
NUVISTA ENERGY LTD. (NVA) ANNOUNCES OPERATIONAL UPDATE AND RECONFIRMS CREDIT FACILITY
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
NUVISTA ENERGY LTD. (NVA) ANNOUNCES OPERATIONAL UPDATE AND RECONFIRMS CREDIT FACILITY
NuVista Energy Ltd. (NVA:TSE) | 0 0 -0.5% | Mkt Cap: 1,392m
- Published:
19 Jan 2016 -
Author:
Robert Fitzmartyn -
Pages:
3
Impact: Slightly positive as its LOC was reaffirmed $300 mm, achieved a higher exit rate than our thinking and impressive recent IP30s at the Company's Bilbo block which we will continue to monitor. All in, volumes exiting 2015 and recent well results should enable the Company to meet minimum take or pay agreements through 2016e with little to zero cost, though management would reduce discretionary capex should the current environment persist and it shifts to conserve capital.