Seven Generations Energy Ltd. Provides Production Guidance for 2018, 2019, First and Second Half of 2019
January 10, 2019 at 12:00 pm
Seven Generations Energy Ltd. expects 2018 production to average approximately 202,000 - 205,000 boe/d and capital investments to be in line with the company’s 2018 guidance. Due to fourth quarter 2018 condensate price weakness, the company deferred until January the start-up of seven new wells that were drilled, completed and tied-in during November 2018.
The company had a forecast for 220,000 to 240,000 barrels per day of production in 2019, which the company predicted then would be at a 55% condensate or 55% liquids ratio, which would have been about 75,000 barrels per day of condensate.
For the first half of 2019 the company expects total production in the range of 195 Mboe/d to 200 Mboe/d.
For the second half of 2019 the company expects total production in the range of 205 Mboe/d to 210 Mboe/d.