Poor result I would guess marginally worse than expected.
Key for me:
1p reserves down 19%
2p reserves down 10%
3p reserves down 13%
Outlook 2023/24
Production 18 -21MMBOE (below what I was expecting)
Capital Expenditure $850-$1000M (higher than I was expecting)
One off additional costs expected 2023/24 up to $65M
No guidance for 2024/25
Trigg1 exploration costs not written off in 2022/23 actuals so still sitting on the balance sheet which surprises me.
Now we know why the CEO was removed.
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Poor result I would guess marginally worse than expected. Key...
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