WesternZagros reported 3Q15 production of 2,499 bbl/d (gross, WI %), which was better than our production forecast. Cash flow from operations of negative US$0.5 mm was in line with expectations. The Sarqala-1 well continues to produce at a rate of 5,200 bbl/d (2,080 bbl/d net), which is consistent with steady-state production guidance between 5,000 bbl/d and 5,500 bbl/d (2,000 bbl/d and 2,200 bbl/d net). Since first production, the Sarqala-1 well has produced 2.3 mmbbl with no formation water. O ....
13 Nov 2015
3Q15 Results In line with Expectations and No Change to Our Outlook
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
3Q15 Results In line with Expectations and No Change to Our Outlook
WesternZagros reported 3Q15 production of 2,499 bbl/d (gross, WI %), which was better than our production forecast. Cash flow from operations of negative US$0.5 mm was in line with expectations. The Sarqala-1 well continues to produce at a rate of 5,200 bbl/d (2,080 bbl/d net), which is consistent with steady-state production guidance between 5,000 bbl/d and 5,500 bbl/d (2,000 bbl/d and 2,200 bbl/d net). Since first production, the Sarqala-1 well has produced 2.3 mmbbl with no formation water. O ....