President’s interims demonstrated strong progress on a number of fronts with production trebling and unit costs declining significantly. This drove a material improvement in EBITDA, which will accelerate in H2. Year-end production is expected to be over 50% higher than H1 as renewed development drilling on Puesto Flores provides a step change to volumes. The expected acquisition of two concessions in Q4 will add further to volumes early next year, while also providing the infrastructure
26 Sep 2018
President Energy - The best is yet to come
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President Energy - The best is yet to come
Molecular Energies PLC (MEN:LON) | 11.5 0 0.0% | Mkt Cap: 1.42m
- Published:
26 Sep 2018 -
Author:
Jonathan Wright -
Pages:
5
President’s interims demonstrated strong progress on a number of fronts with production trebling and unit costs declining significantly. This drove a material improvement in EBITDA, which will accelerate in H2. Year-end production is expected to be over 50% higher than H1 as renewed development drilling on Puesto Flores provides a step change to volumes. The expected acquisition of two concessions in Q4 will add further to volumes early next year, while also providing the infrastructure