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MAHA TO 2 A - Maha Energy AB News Story

SEK4.16 0.0  0.0%

Last Trade - 26/05/21

Sector
Energy
Size
Small Cap
Market Cap £113.4m
Enterprise Value £133.5m
Revenue £38.2m
Position in Universe th / 1890

BRIEF-Maha Energy Announces Delay In Tie-4 Completion Due To Drillstring Twistoff, May Impact 2021 Annual Average Production Guidance

Wed 15th September, 2021 10:02pm
Sept 15 (Reuters) - Maha Energy AB  MAHAa.ST :
    * MAHA ENERGY ANNOUNCE DELAY IN TIE-4 COMPLETION DUE TO
DRILLSTRING TWISTOFF - MAY IMPACT 2021 ANNUAL AVERAGE PRODUCTION
GUIDANCE
    * NEW COMPLETION DATE OF TIE-4 IS ANTICIPATED TO BE END OF
OCTOBER
    * 2021 EXIT RATE IS ESTIMATED BETWEEN 5,000 BOEPD AND 5,500
BOEPD
    * WITH CURRENT DELAYS IN TIE-4 COMPLETION,  EXPECT ANNUAL
AVERAGE
PRODUCTION RATE TO BE AT OR SLIGHTLY BELOW LOWER END OF 2021
PRODUCTION GUIDANCE

Source text for Eikon:  ID:nGNE9c02yN 
Further company coverage:  MAHAa.ST 

 ((Reuters.Briefs@thomsonreuters.com;))
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