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BRIEF-Lekoil Sees H2 Avg Production About 5,800 Bopd

Published 15/07/2019, 07:26
© Reuters.  BRIEF-Lekoil Sees H2 Avg Production About 5,800 Bopd
LEK
-

July 15 (Reuters) - Lekoil Ltd LEK.L :
* OPERATIONAL & TRADING UPDATE
* H1 AVERAGE PRODUCTION WAS 5,822 BARRELS OF OIL PER DAY
WITH
2,329 BOPD NET TO LEKOIL NIGERIA, COMPARED TO 2,042 BOPD FOR
SAME PERIOD IN 2018
* PRODUCTION RATES ARE EXPECTED TO REMAIN STEADY THROUGH
2019
* H2 2019 AVERAGE PRODUCTION EXPECTED TO BE CIRCA 5,800
BOPD, WITH
2,324 BOPD NET TO LEKOIL NIGERIA
* ONE LIFTING IS SCHEDULED FROM FSO AILSA CRAIG IN JULY OF
CIRCA
350,000 BARRELS OF OIL
* 2019 COSTS, COMPRISING OF OPERATING EXPENSES AND GENERAL
ADMINISTRATIVE COSTS IS EXPECTED TO BE IN LINE WITH CURRENT
MARKET EXPECTATIONS
* JOINT VENTURE PARTNERS REMAIN FOCUSED ON PHASE TWO OF
OTAKIKPO
FIELD DEVELOPMENT PLAN

Source text for Eikon: ID:nRSO4564Fa
Further company coverage: LEK.L

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