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Maha Energy AB (MAHAa.ST)

MAHAa.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Maha Energy AB Daily Oil & Gas Production For Q2 2019 Averaged 2,739 BOEPD
Monday, 26 Aug 2019 

Aug 25 (Reuters) - Maha Energy AB ::DAILY OIL & GAS PRODUCTION FOR Q2 2019 AVERAGED 2,739 BOEPD.QTRLY REVENUE OF USD 14.1 MILLION (Q2 2018: USD 7.9 MILLION).QTRLY BASIC AND DILUTED EARNINGS PER SHARE OF USD 0.06.  Full Article

Maha Energy Provides Operational Update
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Maha Energy AB ::ANNOUNCED ON MONDAY OPERATIONAL UPDATE FROM ITS OPERATIONS IN BRAZIL AND WELL TEST RESULTS.AFTER THE INITIAL SINGLE COMPLETION TEST OF THE COMINGLED AGUA GRANDE (AG) AND SERGI RESERVOIR ZONES IN THE ATTIC WELL IN THE TIE FIELD, THE WELL WAS RECOMPLETED.THIS WORK IS NOW COMPLETE AND THE WELL HAS NOW PRELIMINARY TESTED 2,932 BOEPD.COMPANY IS NOW SCALING UP PRODUCTION FROM THE TIE FIELD TO ACHIEVE THE MONTH-END SALES TARGET EXIT RATE OF 4,050 BOPD.AT THIS TIME, THE COMPANY IS NOT EXPECTING OIL PRODUCTION TO BE AFFECTED DUE TO INSUFFICIENT GAS OFF-TAKE ARRANGEMENTS.THE PLAN IS NOW TO RETURN THE 7TTG WELL ON PRODUCTION, WHICH IS EXPECTED TO FILL THE TARTARUGA PROCESSING FACILITY TO CAPACITY, AND AT THE SAME TIME COMMENCE UPGRADING THE TARTARUGA PRODUCTION FACILITIES TO 2500 BOPD.  Full Article

Maha Energy Reports Combined Average Production For Month Of May Of Approximately 2,600 Boe/Day, Before Royalties And Taxes
Monday, 3 Jun 2019 

June 2 (Reuters) - Maha Energy AB ::REG-MAHA ENERGY AB (PUBL) (“MAHA” OR THE “COMPANY”) MAY PRODUCTION VOLUMES.MAHA ENERGY- CO'S AGGREGATE SALES PRODUCTION FOR MONTH OF MAY TOTALED 74,9921 BARRELS OF OIL AND 33.717 MILLION SCF OF GAS.COMBINED AVERAGE PRODUCTION FOR MONTH OF MAY OF APPROXIMATELY 2,600 BOE/DAY, BEFORE ROYALTIES AND TAXES.  Full Article

Maha Energy Reports Qtrly EPS $0.04
Wednesday, 22 May 2019 

May 21 (Reuters) - Maha Energy AB ::QTRLY EARNINGS PER SHARE $0.04.QTRLY REVENUE $11.8MLN VERSUS $8.6 MILLION.DAILY OIL & GAS PRODUCTION FOR Q1 2019 AVERAGED 2,669 BOEPD VERSUS 1,762 BOEPD.QTRLY CASH AND CASH EQUIVALENTS $19.8 MILLION VERSUS $22.8 MILLION.  Full Article

Maha Energy AB Reports March Production Volumes
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Maha Energy Ab MAHAato1.ST::REG-MAHA ENERGY AB (PUBL) (“MAHA” OR THE “COMPANY”) MARCH PRODUCTION VOLUMES.CO'S AGGREGATE SALES PRODUCTION FOR MONTH OF MARCH TOTALED 86,079BARRELS OF OIL AND 34.084 MILLION SCF OF GAS.COMBINED AVERAGE PRODUCTION FOR MARCH OF ABOUT 2,960 BOE/DAY, BEFORE ROYALTIES AND TAXES.  Full Article

Maha Energy Provides Production Forecast
Friday, 8 Mar 2019 

March 8 (Reuters) - MAHA ENERGY AB ::SAYS PROVIDES UPDATE ON CO’S 2018 CAPITAL PLAN, ANNOUNCES ITS 2019 CAPITAL PLAN AND DISCUSSES ITS APRIL 2017 FIVE YEAR CAPITAL PLAN AND PRODUCTION FORECAST.AS A MINIMUM EXPECTS TO ACHIEVE, THOSE PRODUCTION LEVELS REFLECTED IN ITS APRIL 2017 FIVE YEAR CAPITAL PLAN: AN AVERAGE ANNUAL NET PRODUCTION OF 3,990 BOPD FOR 2019 AND 4,820 BOPD FOR 2020.2019 CAPITAL PLAN SUMMARY: TOTAL BUDGET USD 20 MLN.CO EXPECTS TO COMPLETE MOST IF NOT ALL OF CAPITAL PLAN PRIOR TO YEAR-END 2019.2019 CAPITAL PLAN EXPECTED TO BE FUNDED FULLY THROUGH OPERATING CASH FLOW.  Full Article

Maha Energy Combined Average Production In February At About 2,740 Boe/Day
Saturday, 2 Mar 2019 

March 4 (Reuters) - Maha Energy AB ::SAID ON SATURDAY AGGREGATE SALES PRODUCTION FOR FEBRUARY AT 71,205 BARRELS OF OIL (BOE) AND 33.030 MILLION SCF OF GAS FOR .COMBINED AVERAGE PRODUCTION IN FEBRUARY AT ABOUT 2,740 BOE/DAY, BEFORE ROYALTIES AND TAXES.CAPITAL PROGRAM FOR 2018 CONTINUES TO TEMPORARILY AFFECT PRODUCTION FROM TARTARUGA FIELD AND WILL CONTINUE TO DO SO UNTIL THE WORK IS COMPLETE.  Full Article

Maha Energy AB Qtrly Diluted Earnings Per Share $0.17
Thursday, 28 Feb 2019 

Feb 27 (Reuters) - Maha Energy AB ::QTRLY REVENUE OF $12.6 MILLION VERSUS $6.9 MILLION.QTRLY DILUTED EARNINGS PER SHARE $0.17.DAILY OIL & GAS PRODUCTION FOR Q4 AVERAGED 2,454 BOEPD VERSUS Q4 2017 OF 1,597 BOEPD.  Full Article

Maha Energy Announces Preliminary Flowback Production Rates Of 7Ttg Workover At Tartaruga
Monday, 25 Feb 2019 

Feb 24 (Reuters) - Maha Energy AB ::REG-MAHA ENERGY AB (PUBL) (“MAHA” OR THE “COMPANY”) ANNOUNCES PRELIMINARY FLOWBACK PRODUCTION RATES OF 7TTG WORKOVER AT TARTARUGA.MAHA ENERGY AB - PRODUCTION AT TARTARUGA FIELD EXPECTED TO BE REESTABLISHED VERY QUICKLY AFTER INSTALLATION OF PERMANENT PRODUCTION EQUIPMENT.  Full Article

Maha Energy AB Reports December Production Volumes
Wednesday, 2 Jan 2019 

Jan 1 (Reuters) - Maha Energy AB ::REG-MAHA ENERGY AB DECEMBER PRODUCTION VOLUMES.AGGREGATE SALES PRODUCTION FOR MONTH OF DECEMBER TOTALED 66,8831 BARRELS OF OIL.UNEXPECTED POWER OUTAGE AT BEGINNING OF DECEMBER AT TIE PRODUCTION FACILITY CONTRIBUTED TO REDUCTION IN TOTAL PRODUCTION VOLUMES.AGGREGATE SALES PRODUCTION FOR MONTH OF DECEMBER TOTALED 23.980 MILLION SCF OF GAS.COMBINED AVERAGE PRODUCTION FOR THE MONTH OF DECEMBER OF APPROXIMATELY 2,286 BOE/DAY, BEFORE ROYALTIES AND TAXES.  Full Article