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Investegate |Neptune Energy Group Announcements | Neptune Energy Group: Neptune Energy Announces Q1 2021 Results

Investegate announcements from Neptune Energy Group, Neptune Energy Announces Q1 2021 Results ....

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Neptune Energy announces financial results for the 12 months ended 31 December 2020

Neptune Energy announces financial results for the 12 months ended 31 December 2020
11 Mar 2021
Large-scale and diversified
•    Continued improvement in health and safety, with our total recordable injury rate down to 1.4 per million hours worked in 2020.
•    Full year production of 142.4 kboepd, within revised guidance range (143.8 kboepd including production-equivalent insurance receipts).
•    2021 production guidance of 130-145 kboepd, reflecting outages at non-operated assets in Norway and Algeria (140-155 kboepd including production-equivalent insurance receipts). Expect to exit 2021 at materially higher production rates with new projects online in Norway and Indonesia and production restarts.
•    Entering a period of growth, targeting production of close to 200 kboepd in 2023, with all existing sanctioned projects onstream. ....

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Neptune Energy announces operational and financial guidance for 2021

Neptune Energy announces operational and financial guidance for 2021
01 Mar 2021
Neptune Energy has announced operational and financial guidance for 2021, ahead of its full year 2020 results on 11 March.
Despite a reduction in planned activity related to COVID-19 restrictions and extended unplanned shutdowns at both Snøhvit (Norway) and Touat (Algeria), Neptune delivered a resilient performance in 2020. Before financing costs, the company was cash flow positive in 2020.
Neptune’s total Group production for 2020 averaged 142.4 kboepd, within its revised guidance range of 140-145 kboepd. Including production-equivalent loss of production insurance payments, production was 143.8 kboepd, which was unchanged on 2019.
As previously announced, the outages at Snøhvit and Touat will continue to have an impact on Neptune’s production in 2021. Based on the expected restart of Touat at the end of Q1 2021 and Snøhvit in early Q4 2021, along with scheduled start-u ....

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Investegate |Neptune Energy Group Announcements | Neptune Energy Group: 2021 Guidance and Interim Dividend

Neptune Energy today announced operational and financial guidance for 2021, ahead of its full year 2020 results on 11 March.

Despite a reduction in planned activity related to COVID-19 restrictions and extended unplanned shutdowns at both Snøhvit (Norway) and Touat (Algeria), Neptune delivered a resilient performance in 2020. Before financing costs, the company was cash flow positive in 2020.

Neptune s total Group production for 2020 averaged 142.4 kboepd, within its revised guidance range of 140-145 kboepd. Including production-equivalent loss of production insurance payments, production was 143.8 kboepd, which was unchanged on 2019.

As previously announced, the outages at Snøhvit and Touat will continue to have an impact on Neptune s production in 2021. Based on the expected restart of Touat at the end of Q1 2021 and Snøhvit in early Q4 2021, along with scheduled start-up dates for our projects at Gjøa P1 (Norwa ....

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