• The 4Q financial headlines did not include any surprises with Tunisia production increasing to 4,500 bbl/d (gross).
• FY21 production guidance has been set at >9 mboe/d (we assume 9.5 mboe/d) with US$42 mm capex (including US$6 mm for Tunisia, US$5 mm for South Africa exploration, US$10 mm for EG and the balance for Gabon) plus US$5 mm for the Salloum well in Tunisia.
• The high impact Hibiscus exploration well in Gabon is expected to be spudded in April 2021 with results in May. Our unrisked ....
25 Feb 2021
Panoro Energy ASA (OSE: PEN): Confirming guidance and high impact newsflow
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Panoro Energy ASA (OSE: PEN): Confirming guidance and high impact newsflow
- Published:
25 Feb 2021 -
Author:
Stephane Foucaud -
Pages:
5
• The 4Q financial headlines did not include any surprises with Tunisia production increasing to 4,500 bbl/d (gross).
• FY21 production guidance has been set at >9 mboe/d (we assume 9.5 mboe/d) with US$42 mm capex (including US$6 mm for Tunisia, US$5 mm for South Africa exploration, US$10 mm for EG and the balance for Gabon) plus US$5 mm for the Salloum well in Tunisia.
• The high impact Hibiscus exploration well in Gabon is expected to be spudded in April 2021 with results in May. Our unrisked ....