While the quarter modestly trailed our expectations, Trilogy’s spending represented only 11% of cash flow while reining in operating costs, and observing only modest production declines which should situate the Company well for 2H16e where more drilling activity is planned. With this release, we have made no material changes to our estimates, though note that operational catalysts will be ramping up in 2H16e. Sustained improvements to drilling costs may lead to a bump to our reinvestmen
08 Aug 2016
Announces Second Quarter Financial and Operating Results
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Announces Second Quarter Financial and Operating Results
Treatt plc (TET:LON) | 425 -8.5 (-0.5%) | Mkt Cap: 260.1m
- Published:
08 Aug 2016 -
Author:
Cody R. Kwong -
Pages:
7
While the quarter modestly trailed our expectations, Trilogy’s spending represented only 11% of cash flow while reining in operating costs, and observing only modest production declines which should situate the Company well for 2H16e where more drilling activity is planned. With this release, we have made no material changes to our estimates, though note that operational catalysts will be ramping up in 2H16e. Sustained improvements to drilling costs may lead to a bump to our reinvestmen