• FY21 production guidance has been set at 5,620-5,920 boe/d (net entitlement). While this is below the FY20 net production of 5,987 boe/d, we note that the FY20 net production (excluding Gemsa) was above the initial guidance of 5,650-5,950 boe/d (excluding Gemsa) which had been set in January 2020, pre-COVID. Adjusting for a normalized environment, this suggests that the FY20 production exceeded expectations by a significant margin.
• This might suggest that the FY21 production guidance is equa ....
27 Jan 2021
SDX Energy (AIM: SDX): Conservative and sensible FY21 guidance
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SDX Energy (AIM: SDX): Conservative and sensible FY21 guidance
SDX Energy PLC (SDX:LON) | 3.6 0 0.0% | Mkt Cap: 7.26m
- Published:
27 Jan 2021 -
Author:
Stephane Foucaud -
Pages:
6
• FY21 production guidance has been set at 5,620-5,920 boe/d (net entitlement). While this is below the FY20 net production of 5,987 boe/d, we note that the FY20 net production (excluding Gemsa) was above the initial guidance of 5,650-5,950 boe/d (excluding Gemsa) which had been set in January 2020, pre-COVID. Adjusting for a normalized environment, this suggests that the FY20 production exceeded expectations by a significant margin.
• This might suggest that the FY21 production guidance is equa ....