Net debt at the end of 3Q19 is expected not to exceed c. US$1,022 mm (GMP FEe: US$1bn). Sales volumes for the first 9 months of 2019 were 27,515 boe/d (GMP FEe: 28.2 mboe/d). Production declined faster than anticipated in 3Q19 resulting in a reduction of the FY19 sales volume guidance from 28 mboe/d to 27 mboe/d (GMP FEe: 27.3 mboe/d).
29 Oct 2019
FLASH: Lowering FY19 sales guidance
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FLASH: Lowering FY19 sales guidance
Nostrum Oil & Gas Plc (NOG:LON) | 6.0 0 0.0% | Mkt Cap: 10.1m
- Published:
29 Oct 2019 -
Author:
Stephane Foucaud -
Pages:
2
Net debt at the end of 3Q19 is expected not to exceed c. US$1,022 mm (GMP FEe: US$1bn). Sales volumes for the first 9 months of 2019 were 27,515 boe/d (GMP FEe: 28.2 mboe/d). Production declined faster than anticipated in 3Q19 resulting in a reduction of the FY19 sales volume guidance from 28 mboe/d to 27 mboe/d (GMP FEe: 27.3 mboe/d).