2Q19 production was 16,940 boe/d (GMP FEe: 16.1 mboe/d) including 14,663 bbl/d in Egypt (GMPFEe: 13.8 mbbl/d). The KS-63 well has now been put in production at 475 bbl/d and the HW-2X well produces 715 bbl/d (above the 700 bbl/d initially announced two months ago). Net cash from operations in 2Q19 stood at US$22.1 mm (GMP FEe: US$49 mm including a reversal of the negative working capital movement incurred in 1Q19) with net cash at the end of June of US$6 mm (GMPFE: US$3 mm).
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FLASH: 2Q19 results
- Published:
12 Aug 2019 -
Author:
Stephane Foucaud -
Pages:
2
2Q19 production was 16,940 boe/d (GMP FEe: 16.1 mboe/d) including 14,663 bbl/d in Egypt (GMPFEe: 13.8 mbbl/d). The KS-63 well has now been put in production at 475 bbl/d and the HW-2X well produces 715 bbl/d (above the 700 bbl/d initially announced two months ago). Net cash from operations in 2Q19 stood at US$22.1 mm (GMP FEe: US$49 mm including a reversal of the negative working capital movement incurred in 1Q19) with net cash at the end of June of US$6 mm (GMPFE: US$3 mm).