GEEC has released its H1 FY 2016 results showing sales and profit numbers that support our revised full year forecasts. The company has also concluded an important deal with key offtaker SAIL ISP for a minimum offtake level on a take-or-pay basis helping underpin GEEC revenues in H2 and beyond. Based on these factors we are leaving our forecasts unchanged. GEEC has an existing inventory of 150 drilled and fracked wells which it can use to ramp up gas production and plans to drill a further 15
30 Nov 2015
H1 FY 2016 results
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H1 FY 2016 results
- Published:
30 Nov 2015 -
Author:
Daniel Slater -
Pages:
3
GEEC has released its H1 FY 2016 results showing sales and profit numbers that support our revised full year forecasts. The company has also concluded an important deal with key offtaker SAIL ISP for a minimum offtake level on a take-or-pay basis helping underpin GEEC revenues in H2 and beyond. Based on these factors we are leaving our forecasts unchanged. GEEC has an existing inventory of 150 drilled and fracked wells which it can use to ramp up gas production and plans to drill a further 15