Brief: Seacrest Petroleo Maintains Strategy Of More Than Tripling Oil Production Within 2027
05/04/2024 07:14
April 5 (Reuters) - Seacrest Petroleo Bermuda Ltd
SEAPT.OL :
* UPDATED COMPETENT PERSON'S REPORT CONFIRMS LONG-TERM
PRODUCTION
GUIDANCE AND RAPID GROWTH TRAJECTORY
* STRATEGY OF MORE THAN TRIPLING OIL PRODUCTION WITHIN 2027
MAINTAINED
* MATERIAL INCREASE IN MEDIUM-TERM PROVED PRODUCTION
* 2024-2028 CUMULATIVE PROVED DEVELOPED PRODUCING FCF UP 50%
TO
US$390M
* 2P ORGANIC RESERVE REPLACEMENT RATE OF 242%
Source text for Eikon: ID:nMFNb9KX23
Further company coverage: SEAPT.OL
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