M&P’s Q1’26 activity report showed production up 7% q/q driven by Gabon (+14% from a weak Q4) and realisations of US$91/bbl (+41% q/q) benefiting from the timing of liftings given higher oil prices in March: this translated to US$163mm of sales (+85% q/q). Sales on a production basis were up 32% to US$145mm. M&P’s net cash position was US$235mm at end March, growing US$56mm over the quarter.
