The Company reported 57% per share reserve growth (2P) alongside a drama c reduc on 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 in recognition of well costs falling by ~19% and per well EUR bookings increasing by 33% y/y to 8.8 bcfe. Positive technical revisions comprised 50% of the Company’s 2P addi ons this year. 4Q15 volumes tracked expecta ons as do current volumes of 16,700 boe/d. 4Q15 cashflow of $0.03 per share ....
04 Mar 2016
Posts Stellar Reserve Additions performance
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Posts Stellar Reserve Additions performance
The Company reported 57% per share reserve growth (2P) alongside a drama c reduc on 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 in recognition of well costs falling by ~19% and per well EUR bookings increasing by 33% y/y to 8.8 bcfe. Positive technical revisions comprised 50% of the Company’s 2P addi ons this year. 4Q15 volumes tracked expecta ons as do current volumes of 16,700 boe/d. 4Q15 cashflow of $0.03 per share ....