GEEC has released its FY 2018 results, reporting sales gas of 10.7mmcf/d, revenue of US$38.7m, EBITDA of US$22.3m and EPS of 5.3c – all ahead of our revised forecasts. Importantly, sales gas for April and May 2018 has been reported at 12.1mmcf/d, boding well for continued cash generation this year. Despite this, we are today reducing our FY 2019 numbers. These were based on an ambitious 16.0mmcf/d of sales gas, and we are rebasing this to a more-achievable 13.0mmcf/d, with a forecast of
27 Jun 2018
FY 2018 results
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FY 2018 results
- Published:
27 Jun 2018 -
Author:
Daniel Slater -
Pages:
4
GEEC has released its FY 2018 results, reporting sales gas of 10.7mmcf/d, revenue of US$38.7m, EBITDA of US$22.3m and EPS of 5.3c – all ahead of our revised forecasts. Importantly, sales gas for April and May 2018 has been reported at 12.1mmcf/d, boding well for continued cash generation this year. Despite this, we are today reducing our FY 2019 numbers. These were based on an ambitious 16.0mmcf/d of sales gas, and we are rebasing this to a more-achievable 13.0mmcf/d, with a forecast of