Interoil Q1 2018 report
May 29 2018 - 1:18AM
Oslo, 29 May 2018: As a
result of the stabilization in Vikingo well production, Interoil
maintains gross daily average production over 1.500 boed. Higher
level of sales and the improvement in the Oil price, drives an
increase in revenues from USD 5.3 million in Q4 2017 to USD 6.1
million in 1Q 2018. The Company delivered an adjusted
EBITDAx (EBITDA adjusted for exploration cost) of USD 3.2 million,
higher than in Q4 2017: USD 2.4 million. Operating revenues of USD
6.1 million (Q4 2017: USD 5.3 million). Net comprehensive loss came
in at USD 0.3 million (Q4 2017: USD 0.8 million loss).
For more information, please
see attached Q1 2018 interim report
This information is subject
to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.
Interoil Q1 2018 report
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Interoil Exploration & Production ASA via
Globenewswire
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