Amerisur has released its H1 2017 results. Production of 6.0mbbl/d for the half was already reported (production January-August 5.7mbbl/d), driving revenue of US$67.9m, EBITDA of US$24.3m and net cash of US$49.3m. Operating costs also came in higher on maintenance and upgrade work carried out. We have made a number of changes to our forecasts (discussed below), including lower production, higher oil prices, and lower EBITDA, but higher net cash based on a level of CAPEX deferral. The new dril
13 Sep 2018
H1 2018 results
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H1 2018 results
Amerisur has released its H1 2017 results. Production of 6.0mbbl/d for the half was already reported (production January-August 5.7mbbl/d), driving revenue of US$67.9m, EBITDA of US$24.3m and net cash of US$49.3m. Operating costs also came in higher on maintenance and upgrade work carried out. We have made a number of changes to our forecasts (discussed below), including lower production, higher oil prices, and lower EBITDA, but higher net cash based on a level of CAPEX deferral. The new dril