Maha Energy: Executing on growth strategy - ABG

Starts deploying its cash pile...
...and executing on M&A-focused growth strategy...
...by acquiring 5% of 3R Petroleum


Only minor estimate changes ahead of Q4

Ahead of Maha Energy's Q4 report, we only make minor estimate changes. Maha has preannounced its Q4 production through monthly production updates. Net production for the quarter was 2,217boe/d, in line with our estimate of 2,044boe/d, and we update our estimates according to the new production numbers.

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