1st Aug 2022 12:19
SDX Energy PLC - London-based oil and gas company - Increases production guidance for 2022 to between 3,480 barrels of oil equivalent per day to 3,795 boed from between 3,330 boed to 3,550 boed previously. Chief Executive Mark Reid says production guidance increased due to drilling success at SD-5X in South Disouq, which also includes a richer than expected condensate yield. Reports production of 3,742 boed in the first half of the year, 2% above the firm's mid-point guidance.
Current stock price: 9.95 pence, down 0.5% in London on Monday
12-month change: down 34%
By Heather Rydings; [email protected]
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