Harbour Energy alters production guidance, launches $100m buyback

(Sharecast News) - Harbour Energy on Thursday narrowed upwards production guidance and unveiled a $100m share buyback as it reported a jump in half-year adjusted earnings. Guidance was lifted to 460,000-475,000 barrels of oil equivalent a day (kboepd) from 455-475 kboepd, with the divestment of Harbour's Vietnam business more than offset by a strong production performance to date.

Adjusted EBITDAX rose to $3.88bn from $1.25bn.

Reporting by Frank Prenesti for Sharecast.com