Operations Update
EnQuest PLC, 02 August 2022 Operations update Strong production and cash generation, supporting deleveraging EnQuest Chief Executive, Amjad Bseisu, said: “We have made a good start to the year, delivering production of 49,726 Boepd and generating $332 million in free cash flows ($474 million pre-hedging) that have enabled us to significantly reduce net debt to c.$880 million at the end of June, resulting in a net debt to EBITDA ratio of around 1.0x, and representing a significant step towards our 0.5x target. “Performance has been strong at Kraken and in Malaysia, where