Noreco Announces Third Quarter 2021 Results
Oslo, 28 October 2021: Norwegian Energy Company ASA ("Noreco" or the "Company") today announced its third quarter 2021 results. A strong third quarter delivered production of 27.2 mboepd, generating revenues of USD 150 million and adjusted EBITDA of USD 67 million. Highlights: · Hydrocarbon production of 27.2 mboepd · Total Revenues of USD 150 million compared to USD 135 million in previous quarter · Adjusted EBITDA of USD 67 million versus USD 60 million in Q2 · Net result for the period of USD 3 million compared to negative USD 20 million in Q2 · A positive net cash