1H18 production of 11.4 mboe/d and net cash of US$75 mm at the end of the period had already been reported. The company has impaired the value of Fortuna in Equatorial Guinea to US$300 mm (US$604 mm at YE17). 2018 pro-forma production guidance, post the Santos transaction which closed in September, is 27.5 mboe/d (GMP FEe: 27.2 mboe/d).
13 Sep 2018
FLASH: 1H18 results
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FLASH: 1H18 results
Ophir Energy (OPHR:LON) | 0 0 1.6% | Mkt Cap: 402.5m
- Published:
13 Sep 2018 -
Author:
Stephane Foucaud -
Pages:
2
1H18 production of 11.4 mboe/d and net cash of US$75 mm at the end of the period had already been reported. The company has impaired the value of Fortuna in Equatorial Guinea to US$300 mm (US$604 mm at YE17). 2018 pro-forma production guidance, post the Santos transaction which closed in September, is 27.5 mboe/d (GMP FEe: 27.2 mboe/d).