Apex International Energy Management LLC
07/02/2024 | Press release | Distributed by Public on 07/02/2024 06:46
APEX INTERNATIONAL ENERGY ISSUES UPBEAT OPERATIONS AND COMMERCIAL UPDATE
- Production reaches 12,000 barrels of oil equivalent per day (boepd)
- Audited 2P reserves climb 14% to 29 million barrels of oil equivalent (mmboe)
- Ras Qattara new concession agreement signed into law
- Exploration campaign in Qattara Depression in progress
- Budgeted US$100 million of operating and capital expenditures in 2024
- Thomas Maher, Apex's President and CEO said: "Since our last update we have continued to focus on the successful integration of our six operated concessions and personnel following our transaction with IEOC, which is now paying off and is reflected in Apex's continued growth in production and reserves."