Gas explorer Energean on Thursday trimmed full-year production guidance citing actual performance in the year to date and the uncertainty around the unsuccessful sale of its $930m sale of portfolio in Egypt, Italy, and Croatia to Carlyle.
Source: Sharecast
The Israel-focused company said it now expected production of 155,000 – 165,000 barrels of oil equivalent per day (kboed) compared with indicative guidance of 160-175 kboed.
Production for the three months to March 30, Energean’s first quarter, rose 2% to 145 kboed. Adjusted core earnings were up 7% to $278m.
Reporting by Frank Prenesti for Sharecast.com
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