Market Reaction: Slightly positive. The 10% increase in reserves is positive. Net Cash is also slightly ahead of our numbers. Production in Egypt appears to have dropped but at current oil price not much cash was being generated and it is probably a good decision to wait for higher oil prices to boost production.
01 Jun 2016
RESULTS FOR THE FISCAL YEAR ENDING 29/08/2016.
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RESULTS FOR THE FISCAL YEAR ENDING 29/08/2016.
Market Reaction: Slightly positive. The 10% increase in reserves is positive. Net Cash is also slightly ahead of our numbers. Production in Egypt appears to have dropped but at current oil price not much cash was being generated and it is probably a good decision to wait for higher oil prices to boost production.