Market Reaction: Very Positive. Following delivery of first gas, this was the most important piece of news flow for the Company. With the wells hitting and at times surpassing expectations, the Company remains well on course to reach the YE15 production guidance of c. 80 mmcf/d and continue to c. 130 mmcf/d by 3Q16. We understand that during September, production from two wells reached 42 mmcf/d for a period of around two weeks with one well peaking at 25 mmcf/d; furthermore no decline or water ....


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FIRST PAYMENT RECEIVED IN TANZANIA
- Published:
04 Nov 2015 -
Author:
Stephane Foucaud -
Pages:
2 -
Market Reaction: Very Positive. Following delivery of first gas, this was the most important piece of news flow for the Company. With the wells hitting and at times surpassing expectations, the Company remains well on course to reach the YE15 production guidance of c. 80 mmcf/d and continue to c. 130 mmcf/d by 3Q16. We understand that during September, production from two wells reached 42 mmcf/d for a period of around two weeks with one well peaking at 25 mmcf/d; furthermore no decline or water ....