Impact: Neutral. WesternZagros reported net production of 1,269 bbl/d which was slightly higher than our estimate of 1,142 bbl/d, and as a result, revenues of US$10 mm topped our forecast of US$8 mm. Cash flow from operations for the quarter of US$0.3 mm was in line with our expectation of nil.
13 Nov 2015
3Q15 RESULTS IN LINE WITH EXPECTATIONS
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3Q15 RESULTS IN LINE WITH EXPECTATIONS
Impact: Neutral. WesternZagros reported net production of 1,269 bbl/d which was slightly higher than our estimate of 1,142 bbl/d, and as a result, revenues of US$10 mm topped our forecast of US$8 mm. Cash flow from operations for the quarter of US$0.3 mm was in line with our expectation of nil.