First quarter report - 31 March 2020
First quarter 2020 (fourth quarter 2019) · Production from Blocks 3&4, Oman, at 13,032 barrels per day (13,475 barrels per day) · Revenue and other income of MUSD 37.3 (MUSD 36.2) · EBITDA of MUSD 21.9 (MUSD 21.3) · Net result of MUSD 12.1 (MUSD -0.3) · Earnings per share amounted to USD 0.35 (USD -0.01) · Free cash flow MUSD 9.2 (MUSD 4.9) · Net cash MUSD 78.0 (MUSD 75.1) · Blocks 3&4: Production limitations imposed until end of 2020 · Blocks 3&4: Seismic acquisition on the northern part of Blocks 3&4 completed · Block 56: Final government approval of farm-in