May 25, 2017 / 6:14 AM / 2 months ago

BRIEF-Enquest maintains 2017 production guidance

1 Min Read

May 25 (Reuters) - Enquest Plc:

* Operational update

* Kraken on track and 2017 production guidance confirmed

* Kraken development on track to deliver first oil before end of june 2017, with further excellent progress on drilling

* Reaffirms its guidance for full year 2017 of average production between 45,000 boepd and 51,000 boepd

* Production averaged 37,856 boepd for four months to end of april 2017, down on 42,752 boepd in same period in 2016

* Magnus/SVT transition and acquisition programme on course for transaction completion around end of 2017, with no cash outlay for enquest

* As at 30 April 2017, net debt was approximately $1,912m

* Cash and undrawn facilities totalled $244m at April 30

* On track to achieve first oil from Kraken before end of June and to deliver on production, unit opex and capex targets for 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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