Noreco Announce Third Quarter 2022 Results: Operational and Financial Outperformance
Oslo, 26 October 2022: Norwegian Energy Company ASA ("Noreco" or the "Company”) today published its third quarter 2022 results. The Company’s producing assets continued to deliver strongly, with production above September’s quarterly guidance for Q3, resulting in a robust financial result that further underpins the value of Noreco’s portfolio of Danish upstream assets. Highlights: · Hydrocarbon production of 25.1 mboepd, above quarterly guidance · Total Revenues of USD 294 million, with YTD Revenues of USD 737 million · EBITDA of USD 198 million, YTD USD 471 million · Cash