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Thursday, 15 February 2018

Interoil Q4 2017 report

Interoil Exploration & Production ASA    

Published: 08:00 CET 15-02-2018 /GlobeNewswire /Source: Interoil Exploration & Production ASA / : IOX /ISIN: NO0010284318

Interoil Q4 2017 report

Oslo, 15 February 2018: As a result of the production of Vikingo well in LLA-47 Interoil increased net working interest production from 54,274 bbls in Q3 to 65,172 bbls in Q4.  The Company delivered an adjusted EBITDAx (EBITDA adjusted for exploration cost) of USD 2.4 million in Q4 2017 (Q3 2017: USD 1.6 million) on operating revenues of USD 5.3 million (Q3 2017: USD 4.1 million). Increased revenues and EBITDA is a result of increased oil price and production, despite slightly reduced gas production, in addition reduced administrative expenses. Net comprehensive loss came in at USD 0.8 million (Q3 2017:  USD 1.8 million loss).

 

For more information, please see attached Q4 2017 interim report

 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.


Interoil Q4 2017 report



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Interoil Exploration & Production ASA, Klingenberggaten 7B, Oslo 0161, Norway
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