In Senegal, the third phase of drilling (further evaluation of SNE) should start in late January (in line with previous guidance). North Sea: Catcher and Kraken are on track for first oil in 2017 (Kraken in Q2); peak net production at c. 25kbpd. Skarfjell (20% working interest): a decision on the field development concept is expected in Q1 17. H2 16 capex was $114m (o/w $43m development, $66m E&A, mostly in Senegal). Capex 2017 guidance: - $170m development of UK projects; - $125m committ
17 Jan 2017
Pre-close update in line with expectations
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Pre-close update in line with expectations
Capricorn Energy PLC (CNE:LON) | 168 -1 (-0.4%) | Mkt Cap: 154.4m
- Published:
17 Jan 2017 -
Author:
Marzio Foa -
Pages:
2
In Senegal, the third phase of drilling (further evaluation of SNE) should start in late January (in line with previous guidance). North Sea: Catcher and Kraken are on track for first oil in 2017 (Kraken in Q2); peak net production at c. 25kbpd. Skarfjell (20% working interest): a decision on the field development concept is expected in Q1 17. H2 16 capex was $114m (o/w $43m development, $66m E&A, mostly in Senegal). Capex 2017 guidance: - $170m development of UK projects; - $125m committ