Fourth quarter and year-end report – 31 December 2019
Fourth quarter 2019 (third quarter 2019) · Record Production from Blocks 3&4, Oman, at 13,475 bopd (13,053 bopd) · Record Reserves at year-end 2019 (see below) · Revenue and other income of MUSD 36.2 (MUSD 40.7) · EBITDA of MUSD 21.3 (MUSD 26.6) · Net result of MUSD -0.3 (MUSD 14.9) · Earnings per share amounted to USD -0.01 (USD 0.44) · Exploration cost of MUSD 8.0 (MUSD 0.0) · Blocks 3&4: Net entitlement 48 percent (52 percent) following the full recovery of the historic cost pool in the third quarter · Blocks 3&4: Two exploration wells drilled and tested ·