Market Reaction: Positive. The NW Gemsa field's current net production of 903 boe/d is higher than our expectations. The Company's expectation of production remaining flat at these levels in 2016 is much higher than what we had forecasted (FCCe 615 bbl/d). There is also a possibility that this could add reserves, assuming that the reservoir is connected to the main zones.
08 Feb 2016
DEVELOPMENT WELL RESULTS BOOST NW GEMSA PRODUCTION IN EGYPT
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
DEVELOPMENT WELL RESULTS BOOST NW GEMSA PRODUCTION IN EGYPT
SDX Energy PLC (SDX:LON) | 3.6 0 0.0% | Mkt Cap: 7.47m
- Published:
08 Feb 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Positive. The NW Gemsa field's current net production of 903 boe/d is higher than our expectations. The Company's expectation of production remaining flat at these levels in 2016 is much higher than what we had forecasted (FCCe 615 bbl/d). There is also a possibility that this could add reserves, assuming that the reservoir is connected to the main zones.