RE: Looks like next week for news… Monday..17 Mar 2023 09:21
jono flow rates first 1h not 2h
· The development drilling planned in the first half of the year has the potential to have a positive impact on production levels in 2H 2023, and full year guidance will be provided once the results of the ASH-8 and ASD-3 wells are available
· 2023 Egypt work programme consists of two firm wells, and eight workovers, with the potential to add additional wells to the programme later in the year:
- 1H 2023 focus will be on development drilling and optimising production from existing wells through low-cost workovers
- Two firm development wells are planned: ASH-8, which has now commenced drilling, and ASD-3, which is looking to build on the success achieved with ASD-2 in 2022
- The potential for additional drilling in 2023, which is likely to focus on exploration, will be finalised with JV partners once the results of the ASH-8 and ASD-3 wells are available