1H18 production was 11.4 mboe/d with net cash of US$75 mm at the end of the period. Thailand production was 7.8 mbbl/d. It is expected to grow to 9 mbbl/d over 2H18 (on average). Gross production from the Kerendan gas field averaged 17.2 mmcf/d. FY18 Capital expenditure, on a pro forma basis including the assets being acquired from Santos, is forecast at US$145 mm (GMP FEe: c. US$140 mm, previous guidance of US$175 mm). FY18 pro-forma cash flow from production guidance has been increased from
12 Jul 2018
GMP FirstEnergy ― UK Energy morning research package
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GMP FirstEnergy ― UK Energy morning research package
Ophir Energy (OPHR:LON) | 0 0 1.6% | Mkt Cap: 402.5m
- Published:
12 Jul 2018 -
Author:
Stephane Foucaud -
Pages:
2
1H18 production was 11.4 mboe/d with net cash of US$75 mm at the end of the period. Thailand production was 7.8 mbbl/d. It is expected to grow to 9 mbbl/d over 2H18 (on average). Gross production from the Kerendan gas field averaged 17.2 mmcf/d. FY18 Capital expenditure, on a pro forma basis including the assets being acquired from Santos, is forecast at US$145 mm (GMP FEe: c. US$140 mm, previous guidance of US$175 mm). FY18 pro-forma cash flow from production guidance has been increased from