REASONS TO BE CHEERFUL......8 Jul 2024 13:44
Shareholder approval for the Acquisition has Wintershall approved.
New Gas discovery at Cuvette Well
Carlos Slim increases stake to over 8%
GLP shorts continue to reduce
Zama FEED contract issued and Khan 2 drilling any time now.
UAE asset divestment.
European Commission agrees to approve Wintershall acquisition.
Drilling rig in Norway booked until 2028 showing long term commitment.
CEO visits Egypt and commits to major investment.
CEO and others increasing already big stake in company
Debt almost removed.100m $ remaining.
Sensible hedges to protect investment grade in 2025
Currently production 511k BOPD, ahead of forecast
9% Year on Year dividend growth
Talbot first oil end of 2024
Indonesia huge potential with another massive discovery at Tangkulo.
Layaran 2 drilling currently.
Ever improving safety record.
Viking CCS progressing to FID & massive potential with Wintershall projects.
2025 Free Cash Flow marginally improved on 2024
Fenix Argentina field on production by end of year.
FT100 promotion to SP increase stability later in year.
Investment Grade financing to reduce cost of borrowing..