Q4 2024: Record oil sale, improved production efficiency Performance update: Average Net Working Interest Production 1) Sale of 881 thousand bbls in December 000 bopd at a realised price of USD 73/bbl. 5.2 5.3 5.0 5.1 5.0 Total…
2024 Financial Delivery: BALANCE SHEET HIGHLIGHTS Oil sales from barrels Cash at bank at Revenue for year ended lifted 31 December 31 December Thousands 1,800 USD 79.7 million USD 204.5 million 1,600 Overlift 31 December 2023:…
2024 Source and Use of cash Amounts in USD million 35.8 20.5 13.1 140.0 14.0 9.7 5.5 79.7 7.9 -3.2 46.2 Cash at 1 Oil sales Sales overlift Opex costs Capex Admin costs Working Debt Minority Cash at 31 January 2024…
Shareholder Value Share price performance: Operational delivery and strategy to distribute cash to shareholders has driven growth in share price. 37% increase in share price over recent 12 months Distribution of 2 NOK per share…
Portfolio Overview 1 Production Congo-Brazzaville PNGF Sud/Bis Gross field production of 28,000 bopd Operated by Perenco , PetroNor WI 16.83% High margin production 2 Re-development Nigeria Aje Field (OML 113) Consolidating licence…
Production base Congo-Brazzaville PNGF Sud/Bis 1 Congo Production Operational update PNGF Sud PNGF Bis Field complex with 2.3 Bnbbls STOOIP with about 500 mmbbls recovered to date 2P Reserves support a decade of production at…
Re-development Nigeria Aje Field (OML 113) 2 Aje re-development as a gas field Aje re-development planning is advancing Gross project appraised resource estimates: 500 BCF Gas 17 mmbbls Condensate 33 mmbbls of LPG and Propane 5…
Exploration The Gambia A4 licence 3 West African high impact exploration Attractive exploration opportunity The Gambia Technical work program shows potential seismic attribute support for prospects Target reservoirs analogous to…
Investigation update The investigations initiated by kokrim in Norway, and the DOJ in the United States, are still ongoing The company is co-operating fully with this process in both jurisdictions Involves a significant commitment…
Summary Stable production from Congo assets with infill drilling program to resume in Q2 2025 Company strategy is focused on maximising value of existing portfolio and returning cash to shareholders Building a significant cash…
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