Market reaction: neutral. The strong FY15 production and cost reduction is good news but reflects the lower capex reported by Cairn on Tuesday and general industry trend. The reserves reduction at Kraken might surprise some investors.
17 Mar 2016
FY15 RESULTS
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FY15 RESULTS
EnQuest PLC (ENQ:LON) | 15.8 0 (-0.3%) | Mkt Cap: 301.9m
- Published:
17 Mar 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: neutral. The strong FY15 production and cost reduction is good news but reflects the lower capex reported by Cairn on Tuesday and general industry trend. The reserves reduction at Kraken might surprise some investors.