ENQ production up 9% as adjusted EBITDA rises
ENQ reported production up 9% year-over-year to 41,544 Boepd, with adjusted EBITDA up 13% to $273 million. Net loss narrowed to $39.9 million, and major Malaysian acquisitions are set to double production and boost reserves.
Production grew 9% year-over-year to 41,544 Boepd, driven by South East Asia, while adjusted EBITDA rose 13% to $273 million and net loss narrowed to $39.9 million.
Major Malaysian acquisitions are set to double production and enhance reserves, with strengthened liquidity and reduced borrowing cost…