Market Reaction: positive. Achieving the increase that the Company had been guiding at confirms the potential of this field. With further well locations at Lagia, the Company believes it could continue to increase this production simply by drilling more wells. The shares continues to trade materially below our Core NAV of £0.03 per share. The Company is well capitalized with a very strong shareholder base.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
LAGIA PHASE 2 COMPLETION IN EGYPT
Market Reaction: positive. Achieving the increase that the Company had been guiding at confirms the potential of this field. With further well locations at Lagia, the Company believes it could continue to increase this production simply by drilling more wells. The shares continues to trade materially below our Core NAV of £0.03 per share. The Company is well capitalized with a very strong shareholder base.