FY18 and 1Q19 production had already been reported. The company indicated that it is hoping to have the fully termed new agreement with ENEO finalised shortly with the provision of appropriate security for payment guarantee. Meanwhile, ENEO has yet to pay Victoria for gas consumed in 1Q19 (US$3.6 mm net receivables). We understand that the first invoices could be paid imminently.
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FLASH: FY18 results
- Published:
24 May 2019 -
Author:
Stephane Foucaud -
Pages:
2
FY18 and 1Q19 production had already been reported. The company indicated that it is hoping to have the fully termed new agreement with ENEO finalised shortly with the provision of appropriate security for payment guarantee. Meanwhile, ENEO has yet to pay Victoria for gas consumed in 1Q19 (US$3.6 mm net receivables). We understand that the first invoices could be paid imminently.