First Oil has been reached at Alma Galia. Market Reaction: Slightly positive. While it had been flagged for some time as imminent and should therefore not come as a surprise, the start-up date of the field had been postponed a few times and we anticipate that this news will be well received by the market. This news has no impact on our NAV or our forecasts.
28 Oct 2015
FIRST OIL AT ALMA GALIA
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FIRST OIL AT ALMA GALIA
EnQuest PLC (ENQ:LON) | 14.2 0 0.8% | Mkt Cap: 271.4m
- Published:
28 Oct 2015 -
Author:
Stephane Foucaud - Pages:
First Oil has been reached at Alma Galia. Market Reaction: Slightly positive. While it had been flagged for some time as imminent and should therefore not come as a surprise, the start-up date of the field had been postponed a few times and we anticipate that this news will be well received by the market. This news has no impact on our NAV or our forecasts.