Impact: Positive, as the Company reported 57% per share reserve growth (2P) alongside a dramatic reduction in unit FDC which led to stellar all-in 2P FD&A costs of $0.98 /boe ($8.28/boe PDP). The backbone of this performance was recognition of well costs falling by ~19% and per well EUR bookings increasing by 33% y/y.
02 Mar 2016
POSTS STELLAR RESERVE ADDITIONS PERFORMANCE
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POSTS STELLAR RESERVE ADDITIONS PERFORMANCE
Impact: Positive, as the Company reported 57% per share reserve growth (2P) alongside a dramatic reduction in unit FDC which led to stellar all-in 2P FD&A costs of $0.98 /boe ($8.28/boe PDP). The backbone of this performance was recognition of well costs falling by ~19% and per well EUR bookings increasing by 33% y/y.