1H19 production was 68,548 boe/d (GMP FEe: 69.4 mboe/d) with cash flow from operations of US$409 mm (GMP FEe: US$376 mm). At the end of June net debt was US$1.64 bn down from US$1.7 bn at the end of April (GMP FEe: US$1.75 bn). FY19 production guidance remains 63-70 mboe/d with a capex budget of US$275 mm. 1H19 production at Kraken has averaged 32.8 mbbl/d (GMP FEe: 29 mbbl/d). The company has also sanctioned drilling in the western flank in 2020. This is the first time a new project
05 Sep 2019
FLASH: Strong performance
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FLASH: Strong performance
EnQuest PLC (ENQ:LON) | 14.2 0 1.4% | Mkt Cap: 272.4m
- Published:
05 Sep 2019 -
Author:
Stephane Foucaud -
Pages:
2
1H19 production was 68,548 boe/d (GMP FEe: 69.4 mboe/d) with cash flow from operations of US$409 mm (GMP FEe: US$376 mm). At the end of June net debt was US$1.64 bn down from US$1.7 bn at the end of April (GMP FEe: US$1.75 bn). FY19 production guidance remains 63-70 mboe/d with a capex budget of US$275 mm. 1H19 production at Kraken has averaged 32.8 mbbl/d (GMP FEe: 29 mbbl/d). The company has also sanctioned drilling in the western flank in 2020. This is the first time a new project