RE: RBD RNS28 Aug 2018 12:05
Sachin Oza, co-CEO, commented:
"We are delighted with the success we have had with the Monroe Swell workover programme. Given the limited capital required to deliver this first production, these should prove to be extremely profitable barrels, delivering immediate cashflow."
Stephen Williams, co-CEO, commented:
"As well as expecting the workover programme to deliver extremely attractive economics in its own right, we are also very pleased that the subsequent drilling programme at Monroe Swell, targeting more substantial volumes and production rates, has been notably de-risked by this early success. In the meantime, drilling of VG-3 at West Brentwood is on track and we look forward to updating the market on its results shortly."