03 Mar 2016
FY15 RESULTS
Market Reaction: Neutral. This press release does not appear to contain new material information. The delay of one quarter on the Miran/Bina Bawi project is unlikely to surprise the market in our view. WI Production over the period had already been reported at 84.9 mbbl/d. FY15 Cash Flow stood at US$71.2 mm (FCCe: US$84 mm). YE15 Net Debt had already been reported at US$239 mm. Production guidance for FY16 remains at 60-70 mbbl/d (FCCe: 62.3 mbbl/d) with guided capex of US$80-120 mm in Kurdistan ....
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FY15 RESULTS
Genel Energy PLC (GENL:LON) | 83.6 -0.1 (-0.1%) | Mkt Cap: 233.4m
- Published:
03 Mar 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Neutral. This press release does not appear to contain new material information. The delay of one quarter on the Miran/Bina Bawi project is unlikely to surprise the market in our view. WI Production over the period had already been reported at 84.9 mbbl/d. FY15 Cash Flow stood at US$71.2 mm (FCCe: US$84 mm). YE15 Net Debt had already been reported at US$239 mm. Production guidance for FY16 remains at 60-70 mbbl/d (FCCe: 62.3 mbbl/d) with guided capex of US$80-120 mm in Kurdistan ....