Tuesday September 22, 2020

Stock take: market week

Petroceltic nudges up production despite disappointing exploration results.

21st September, 2014
Brian O'Cathain, chief executive officer, Petroceltic.

Petroceltic nudges up production despite disappointing exploration results

''Relative to our expectations, the H1'14 outcome from Petroceltic this morning is slightly ahead, driven by average production for the year of 25.2 kboepd [thousands of barrels of oil equivalent per year] compared to our estimate of 24 kboepd. Revenue for the period amounted to $96.3m . . . Of note, was the $64m write-off associated with disappointing exploration activity in Egypt, Romania and Kurdistan, with the...

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