Reports H1 Net $31.4M v $70.7M y/y; Rev $199.3m v $192.1M y/y
Outlook
On 3 August 2015, the KRG issued a statement committing to pay contractors for oil exports on a sustainable basis from September 2015 The Company's 2015 guidance is reiterated:
- Production: 90-100,000 bopd
- Revenue: $350-400 million on a Brent oil price of $50/bbl
- Capital expenditure: $150-200 million