Egdon Resources plc Announces Production Results for the Second Half and Full Year of 2018; Provides Production Guidance for First Half of Fiscal Year 2019
Average daily production over the full year is therefore 84 boepd against guidance of 100 boepd with the shortfall mainly due to the loss of six weeks production at Ceres. This was a result of the summer maintenance shut-down commencing in July, before the end of the financial year and two weeks when the field was shut-in as a result of unplanned downtime.
The company provided production guidance for first half of fiscal year 2019. The company expects production guidance for the first half of the financial year is c. 160-180 boepd.