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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 £113.1m
Enterprise Value £132.8m
Revenue £37.5m
Position in Universe th / 1889

BRIEF-Maha Energy Has Elected To Plug Back

Tue 30th November, 2021 3:44pm
Nov 30 (Reuters) - Maha Energy AB  MAHAa.ST :
    * MAHA ENERGY AB - HAS ELECTED TO PLUG BACK WELLBORE AND DRILL A SIMPLER SIDETRACK TO ENSURE
CONTINUED PRODUCTION GROWTH AT TIE FIELD
    * MAHA ENERGY AB - DOES NOT EXPECT THIS TO IMPACT COMPLETION DATE OF TIE-4 WELL
SIGNIFICANTLY NOR
TIE ANNUAL PRODUCTION FOR 2021
    * MAHA ENERGY AB - TIE-4 IS MOST LIKELY TO BE PLACED ON PRODUCTION AFTER YEAR-END WHICH WILL
AFFECT 2021 EXIT PRODUCTION RATE ESTIMATE OF 5,000 BOEPD AND 5,500 BOEPD

Source text for Eikon:  ID:nGNE309Wy 
Further company coverage:  MAHAa.ST 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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