Costs continue to go down with opex now running at US$3.1/boe, down from US$3.5/boe in 1Q16. There is still some room for further reduction but this will be limited. G&A costs will however keep going down in 2H16. Recall that cost (capex and opex) was our main concern for Nostrum to deliver on its goal to maintain a US$50 mm cash buffer. This looks increasingly better.
30 Aug 2016
ENCOURAGING 1H16 RESULTS CONFERENCE CALL
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ENCOURAGING 1H16 RESULTS CONFERENCE CALL
Nostrum Oil & Gas Plc (NOG:LON) | 5.3 0 (-5.5%) | Mkt Cap: 8.96m
- Published:
30 Aug 2016 -
Author:
Stephane Foucaud -
Pages:
4
Costs continue to go down with opex now running at US$3.1/boe, down from US$3.5/boe in 1Q16. There is still some room for further reduction but this will be limited. G&A costs will however keep going down in 2H16. Recall that cost (capex and opex) was our main concern for Nostrum to deliver on its goal to maintain a US$50 mm cash buffer. This looks increasingly better.