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Production Volumes The Company s aggregate sales production for the month of August totaled 102,108 1 barrels of oil and 51.013 million scf of gas for a combined average production of approximately 3,568 BOE/day 2, before royalties and taxes. Brazil production progressively increased during August as both the gas and oil customers, continued with previously announced upgrading and commissioning of their facilities to take more volumes. Oil deliveries to Petrobras from the Tie Field were affected for four days due to unscheduled maintenance at the Petrobras unloading station. Tartaruga Field lost one day of production due to minor pump maintenance in the field. Maha Energy holds a 75% working interest in the SES-107 Tartaruga oil and gas concession onshore Brazil. Petrobras holds the remaining 25% and is non-operator. ....
Maha Energy AB (publ) - Comments on current market conditions Maha maintains a very close eye on the current market conditions. Using up-to-date production information, pricing and spending limits, the Company monitors the financial well-being of the company very closely. As of today, the company has determined that all future financial obligations can be met, including full repayment of the bond in May 2021, given the current oil market conditions. Furthermore, and if necessary, the company has many operational options at its disposal to address a prolonged depressed oil price. Maha has already taken steps to reduce operating expenses. For example, at the end of March, operations at the LAK Ranch oil field will be suspended until further notice. The pre-development LAK Ranch heavy oil field is uneconomic at the current oil prices. ....
Maha Energy AB (via Public) / Maha Energy AB: Announces Operational Update publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
Maha Energy AB: Operational Update Brazil marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Swedish The shareholders in Maha Energy AB (publ), reg. no. 559018-9543, are hereby given notice to attend the annual general meeting at 3:00 p.m. CET on Thursday 27 May 2021. The meeting will be held through postal voting only (see below). Special arrangements due to the risk for spread of the virus COVID-19 (coronavirus) The board of directors has, in light of continued spread of the coronavirus and in accordance with the Swedish Act (2020:198) on temporary exceptions to facilitate the execution of general meetings in companies and other associations, decided that the annual general meeting shall be held without physical presence of shareholders, proxies and/or external parties and that the shareholders shall have only the opportunity to vote by mail prior to the annual general meeting. ....