FY18 production stood at 80.5 mboe/d (in line with guidance) with net debt of US$2.3 bn at YE18 (below guidance of US$2.4 bn). The low net debt reflects strong performance at Catcher (one additional cargo could be sold before YE18), some small phasing of FY18 capex to 2019 (probably c. US$15 mm being the difference between FY18 capex and guidance), strong UK gas prices and FX effect.
10 Jan 2019
FLASH: Trading update
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FLASH: Trading update
Harbour Energy Plc (HBR:LON) | 285 2.6 0.3% | Mkt Cap: 2,195m
- Published:
10 Jan 2019 -
Author:
Stephane Foucaud -
Pages:
2
FY18 production stood at 80.5 mboe/d (in line with guidance) with net debt of US$2.3 bn at YE18 (below guidance of US$2.4 bn). The low net debt reflects strong performance at Catcher (one additional cargo could be sold before YE18), some small phasing of FY18 capex to 2019 (probably c. US$15 mm being the difference between FY18 capex and guidance), strong UK gas prices and FX effect.