slightly negative on what appears to be lower production than we anticipated (48.8 mboe/d over 1H16) with Alma Galia being particularly low. This is somewhat offset by the fact that EnQuest will now drill the Eagle prospect earlier. We did not carry any value for this asset as we did not anticipate it would be drilled in 2016.
19 May 2016
OPERATING UPDATE, LOW PRODUCTION ON ALMA/GALIA, FY16 PRODUCTION RE-ITERATED, INCREASED LEVEL OF ACTIVITIES
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OPERATING UPDATE, LOW PRODUCTION ON ALMA/GALIA, FY16 PRODUCTION RE-ITERATED, INCREASED LEVEL OF ACTIVITIES
EnQuest PLC (ENQ:LON) | 15.7 -0.1 (-3.0%) | Mkt Cap: 300.2m
- Published:
19 May 2016 -
Author:
Stephane Foucaud -
Pages:
2
slightly negative on what appears to be lower production than we anticipated (48.8 mboe/d over 1H16) with Alma Galia being particularly low. This is somewhat offset by the fact that EnQuest will now drill the Eagle prospect earlier. We did not carry any value for this asset as we did not anticipate it would be drilled in 2016.