Egypt Production Sharing Contract ApprovalGovernment approval of consolidated production sharing contracts in Egypt secures a long-term operating base, enhancing recoverable reserves and predictable production. This structurally strengthens cash flow visibility and underpins a self-funding strategy and future investment returns.
Shift To Positive Free And Operating Cash FlowA transition from negative to positive free and operating cash flow materially improves financial durability. Positive cash generation enables debt servicing, organic capex funding, and shareholder distributions without reliance on external financing, reducing liquidity and refinancing risk.
Large Overhead Reduction And RightsizingAn ~80% reduction in G&A demonstrates strong management discipline and a lower fixed-cost base. This structural cost cutting improves long-term margins, boosts operating leverage on production recovery, and increases flexibility to sustain cash returns or reinvest in prioritized assets.