Impact: Positive. The Company's single digit F&D cost performance on both a 1P and 2P basis should rank amongst the best of its light oil peer group. Additionally the Company has outlined a conservative $18-20 mm budget for 1H16e which will see volumes remain flat at its 2015e average (8,866 boe/d) which looks well at hand particularly given corporate production so far in February has been ~ 9,300 boe/d.
24 Feb 2016
SPARTAN POSTS SOLID 2015 RESERVE PERFORMANCE, CONSERVATIVE 1H16E BUDGET
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
SPARTAN POSTS SOLID 2015 RESERVE PERFORMANCE, CONSERVATIVE 1H16E BUDGET
- Published:
24 Feb 2016 -
Author:
Cody R. Kwong -
Pages:
2
Impact: Positive. The Company's single digit F&D cost performance on both a 1P and 2P basis should rank amongst the best of its light oil peer group. Additionally the Company has outlined a conservative $18-20 mm budget for 1H16e which will see volumes remain flat at its 2015e average (8,866 boe/d) which looks well at hand particularly given corporate production so far in February has been ~ 9,300 boe/d.