In the half year results, SDX Energy reported H117 attributable production of 3,351boe/d. This drove Q217 revenues of $9.9m (compared to $8.1m in Q117) as the Moroccan assets were fully integrated. Cash flows increased markedly to $8.1m after sizeable reduction in working capital in Q217; cash has increased by $6.6m to $27.6m. The company remains on track for significant operational improvements in H217, with 12 workovers planned at NW Gemsa, facility upgrade and workover programme at Meseda
25 Aug 2017
H217 growth programme starting up
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H217 growth programme starting up
- Published:
25 Aug 2017 -
Author:
Will Forbes -
Pages:
2
In the half year results, SDX Energy reported H117 attributable production of 3,351boe/d. This drove Q217 revenues of $9.9m (compared to $8.1m in Q117) as the Moroccan assets were fully integrated. Cash flows increased markedly to $8.1m after sizeable reduction in working capital in Q217; cash has increased by $6.6m to $27.6m. The company remains on track for significant operational improvements in H217, with 12 workovers planned at NW Gemsa, facility upgrade and workover programme at Meseda