LiquidityThe raise will boost liquidity, bridging the gap from production to initial cash inflows, and improve the company’s options as they prepare to refinance debt.
Production GuidanceThe company raised production guidance as the reservoirs appear fully charged and capable of exceeding pre-shut in volumes of 45,000 boepd.
Production RestartSOC successfully restarted production from the Harmony platform offshore CA, flowing into Las Flores Canyon ahead of anticipated pipeline restart.