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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lochard Energy | LSE:LHD | London | Ordinary Share | GB00B02YHV99 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.875 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Sep 2019 to Sep 2024
TIDMLHD
RNS Number : 9502H
Lochard Energy Group PLC
27 June 2013
Lochard Energy Group plc
("Lochard" or the "Company")
Operational Update
Lochard notes the announcement made by Ithaca Energy plc which contained the following update in relation to the Athena field:
"During the quarter the Athena field completed its first full year of operations, with gross production of approximately 3.6 million barrels having been produced to date.
Gross production from the field is currently at a reduced level, primarily as a function of one of the four producing wells, the "P2" well, being temporarily shut-in awaiting a repair to the electrical cable serving that particular well. A diving support vessel has been contracted to perform the necessary operations to fix the electrical fault and reinstatement of production from the well is anticipated within the next few weeks.
During the quarter, the Athena field commenced the production of water with oil. This is significantly later than originally anticipated. As previously noted, the evolution of the water production profile will now provide important information for forecasting the ultimate field production profile and the scope for future potential upside investment opportunities."
- Ends -
For further information, call:
Lochard Energy Group Plc Clive Carver, Chairman +44 1883 717 357 finnCap Limited Matthew Robinson / Christopher Raggett +44 20 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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