3 Interim Financial Report For the quarter ended 31 March 2025
HIGHLIGHTS For the three months ended 31 March 2025 EBITDA (USD million) EBIT (USD million) Net profit (USD million) 14.75 10.40 1.33 Q1 2024: 28.7 Q1 2024: 23.7 Q1 2024: 14.1 2P Reserves (MMboe) 2C Contingent Resources (MMboe)…
to drill. This highly prospective block contains multiple low PetroNors contingent resource base includes discoveries risk commercial-size prospects and lies 30 km South of the of varying degrees of maturity towards development Senegal…
was paid-in-kind out of oil production to the Congolese based upon the financial position of the Group and the authorities. A decrease of USD 30.4 million compared to Q1 development plans currently in place. 2024, which included the oil…
equivalent to 2.0 NOK per share that was paid out on 31 Top 20 Shareholders January 2025. As of 7 May 2025: Significant events after reporting date Number of Per Shareholder shares cent On 28 April 2025 the Company announced the…
Consolidated statement of comprehensive income Amounts in USD thousand For the quarter ended For the quarter ended (Unaudited) Note 31 March 2025 31 March 2024 Revenue 3 13,935 44,317 Cost of sales 4 (422) (17,310) Gross profit 13,513…
Consolidated statement of financial position As at As at 31 March 2025 31 December 2024 Amounts in USD thousand Note (Unaudited) (Audited) ASSETS Current assets Inventories 10 14,123 13,265 Trade receivables 11 - 64,010 Other…
Consolidated statement of changes in equity Foreign Non- currency controlling Amounts in USD thousand Share Share translation Retained interest (Unaudited) capital premium reserve earnings (NCI) Total For the quarter ended 31…
Consolidated statement of cash flows For the quarter For the quarter Amounts in USD thousand ended 31 March ended 31 March (Unaudited) 2025 2024 Cash flows from operating activities Profit for the period 10,346 24,277 Adjustments…
Notes to the interim financial statements Note 01 Corporate information The consolidated interim financial statements of the PetroNor E&P ASA is a for profit entity and is a company Company and its subsidiaries (together the Group) for…
Notes to the interim financial statements Note 03 Revenue Amounts in USD thousand For the quarter ended For the quarter ended (Unaudited) 31 March 2025 31 March 2024 Revenue from contracts from customers Revenue from sales of…
Notes to the interim financial statements Note 06 Finance expense Amounts in USD thousand For the quarter ended For the quarter ended (Unaudited) 31 March 2025 31 March 2024 Unwinding of discount on decommissioning liability 498 375…
Notes to the interim financial statements Note 10 Inventories As at As at 31 March 2025 31 December 2024 Amounts in USD thousand Notes (Unaudited) (Audited) Crude oil inventory 0 - Materials and supplies 14,123 13,265 Total 14,123…
Notes to the interim financial statements Note 13 Segment information The Group only has one operating segment, being exploration and production of hydrocarbons. The analysis of the location of non-current assets is as follows: As at…
Notes to the interim financial statements Note 15 Intangible assets LICENCES AND APPROVALS For the quarter ended For year ended 31 March 2025 31 March 2024 Amounts in USD thousand (Unaudited) (Audited) Cost Opening balance 13,803…
Notes to the interim financial statements Note 18 Related party transactions As at As at 31 March 2025 31 December 2024 Amounts in USD thousand Notes (Unaudited) (Audited) Receivable from Aje Production AS and its 11,930 11,681…
Notes to the interim financial statements Summarised statement of comprehensive income Amounts in USD thousand For the quarter ended For the quarter ended (Unaudited) 31 March 2025 31 March 2024) Revenue 13,935 44,318 Profit for the…
Other than the above, there are no significant events after the reporting date. Statement of responsibility We confirm that, to the best of our knowledge, the condensed set of unaudited consolidated financial statements as of 31…
Corporate directory DIRECTORS AUDITORS Joseph Iskander, Chair BDO AS Jarle Norman-Hansen Bygdy all 2 Andri Georghiou 0257 Oslo Norway CEO SHARE REGISTRAR Jens Pace DNB Bank ASA REGISTERED OFFICE Verdipapirservice Fryas gate 13…
Loading...
