RE: Reactivation update15 Mar 2023 09:04
The company intends to accelerate production increases in early 2023, which will allow it to begin the reactivation of 30 or more wells in Santa Cruz that were offline when Echo Energy acquired the site in 2019. The reactivation of these wells could further increase net production, the company said.
Chief Executive Officer Martin Hull said: "We remain committed to delivering on our strategy to grow production and are looking at working capital options that can build on the initial success of the programme and accelerate production growth from Santa Cruz Sur."