• 3Q21 production had already been reported and the financials were broadly in line with our expectations.
• 4Q21 cashflow is expected to be very high given the company anticipates 5-6 liftings for 1 mmbbl in aggregate (versus 12 liftings in the first 9 months of 2021) including one large lifting in EG (one lifting in the first 9 months of 2021) and two in Gabon (three over 1-3Q21). In EG, a lifting of 0.65 mmbbl would generate ~US$35 mm of cashflow net of opex and royalty.
• With ~US$70 mm oper ....
23 Nov 2021
Panoro Energy ASA (OSE: PEN): Looking to become a dividend payer in 2022
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Panoro Energy ASA (OSE: PEN): Looking to become a dividend payer in 2022
- Published:
23 Nov 2021 -
Author:
Stephane Foucaud -
Pages:
5
• 3Q21 production had already been reported and the financials were broadly in line with our expectations.
• 4Q21 cashflow is expected to be very high given the company anticipates 5-6 liftings for 1 mmbbl in aggregate (versus 12 liftings in the first 9 months of 2021) including one large lifting in EG (one lifting in the first 9 months of 2021) and two in Gabon (three over 1-3Q21). In EG, a lifting of 0.65 mmbbl would generate ~US$35 mm of cashflow net of opex and royalty.
• With ~US$70 mm oper ....