RE: Sold out too soon23 Mar 2022 18:56
2022 Outlook
Production of 195-210 kboepd, a c. 15 per cent increase versus 2021; production of 219 kboepd to end February Tolmount (UK): platform commissioning largely complete; start-up underway Opex and total capex guidance unchanged at $15-16 /boe and $1.3 billion respectively Drilling at Catcher, J-Area, Beryl (UK); Natuna and Andaman II (Indonesia); and Chim Sao (Vietnam) Continued progress to Net Zero by 2035, including activity on our UK CCS projects At $100 /bbl, 200 p/therm, forecast free cash flow (after tax and $200 million dividend) of $1.5-1.7 billion with potential to be net debt free in 2023
Hedges will unwind and these figures will get stronger and stronger, energy prices won’t be coming down anytime soon.