• 2Q22 NRI sales volumes were ~1,856 boe/d, well above our expectations of 1,600 boe/d.
• 2Q22 NRI sales were positively impacted by deferred payments for production on newly completed wells generated in earlier months but received in 2Q22. 2Q22 production was ~1,400 boe/d with temporary shut-ins due to planned frac-protect procedures on existing wells while new nearby wells were completed.
• 1H22 revenue was US$25.8 mm.
• 10 wells came online during 2Q22 with a further~ 30 additional wells to b ....
12 Aug 2022
Zephyr Energy Plc (AIM: ZPHR): Strong sales in the Williston in 2Q22
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Zephyr Energy Plc (AIM: ZPHR): Strong sales in the Williston in 2Q22
Zephyr Energy PLC (ZPHR:LON) | 4.4 0 (-9.4%) | Mkt Cap: 73.4m
- Published:
12 Aug 2022 -
Author:
Stephane Foucaud -
Pages:
5
• 2Q22 NRI sales volumes were ~1,856 boe/d, well above our expectations of 1,600 boe/d.
• 2Q22 NRI sales were positively impacted by deferred payments for production on newly completed wells generated in earlier months but received in 2Q22. 2Q22 production was ~1,400 boe/d with temporary shut-ins due to planned frac-protect procedures on existing wells while new nearby wells were completed.
• 1H22 revenue was US$25.8 mm.
• 10 wells came online during 2Q22 with a further~ 30 additional wells to b ....