Overall net 2Q19 production was 13.3 mbbl/d (GMP FEe: 15.1 mbbl/d) including 10.7 mbbl/d at Montara (GMP FEe: 11.9 mbbl/d) and 2.6 mbbl/d at Stag (GMP FEe: 3.1 mbbl/d). • Net debt based on cash, restricted cash (current) and debt was US$15.5 mm at 30 June 2019 (GMP FEe forecast of NET CASH of c.US$1 mm). The difference reflects timing of payment (US$52 mm increase of receivable versus the end of March) partially offset by much lower cash outflows associated with investment activities (US
27 Aug 2019
FLASH: Low production in 2Q19, Montara infill well potentially delayed to 1H20
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FLASH: Low production in 2Q19, Montara infill well potentially delayed to 1H20
Jadestone Energy PLC (JSE:LON) | 0 0 0.0% | Mkt Cap: 137.9m
- Published:
27 Aug 2019 -
Author:
Taro Kiley -
Pages:
2
Overall net 2Q19 production was 13.3 mbbl/d (GMP FEe: 15.1 mbbl/d) including 10.7 mbbl/d at Montara (GMP FEe: 11.9 mbbl/d) and 2.6 mbbl/d at Stag (GMP FEe: 3.1 mbbl/d). • Net debt based on cash, restricted cash (current) and debt was US$15.5 mm at 30 June 2019 (GMP FEe forecast of NET CASH of c.US$1 mm). The difference reflects timing of payment (US$52 mm increase of receivable versus the end of March) partially offset by much lower cash outflows associated with investment activities (US