• 3Q23 sales of 1,043 boe/d was above our expectations of 987 boe/d.
• Production is expected to increase in 4Q23 with contribution from the six new Slawson wells.
• In addition, ten Harms East Federal / Quale Federal wells are expected to come online in December or January.
• 3Q23 operating income was US$4.3 mm, compared to US$4.2 mm in 2Q23.
• The story benefits from multiple important catalysts by YE24 including (i) production growth in the Williston, (ii) the redrill of Well 36-2 in the Para ....
15 Nov 2023
Zephyr Energy Plc (AIM: ZPHR): High sales in 3Q23
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Zephyr Energy Plc (AIM: ZPHR): High sales in 3Q23
Zephyr Energy PLC (ZPHR:LON) | 2.6 0 8.5% | Mkt Cap: 53.6m
- Published:
15 Nov 2023 -
Author:
Stephane Foucaud -
Pages:
5 -
• 3Q23 sales of 1,043 boe/d was above our expectations of 987 boe/d.
• Production is expected to increase in 4Q23 with contribution from the six new Slawson wells.
• In addition, ten Harms East Federal / Quale Federal wells are expected to come online in December or January.
• 3Q23 operating income was US$4.3 mm, compared to US$4.2 mm in 2Q23.
• The story benefits from multiple important catalysts by YE24 including (i) production growth in the Williston, (ii) the redrill of Well 36-2 in the Para ....