BlueNord: Company Presentation, Non-Deal Roadshow May 2024
Oslo, 8 May 2024: BlueNord ASA (“BlueNord” or the “Company”) has today published a company presentation for its non-deal roadshow in May 2024.
Key Highlights:
- Strong production from Base Assets expected to continue through 2024, supported by ongoing optimisation campaign and infill well programme
- Tyra volumes expected to ramp-up during Q3 2024, with plateau production expected to be reached in Q4 2024
- Distribution policy will see 50 to 70% of operating cashflow in 2024 to 2026 returned to shareholder
- First distribution to shareholders planned in 2024, with specific timing subject to Tyra operational performance
- RBL refinancing at advanced stage, expected to close in May 2024 with at least a USD 1.3 billion facility size
- Addressing BNOR14 the next step in BlueNord’s capital structure reset
The presentation is attached here and will also be made available at the Company's website www.bluenord.com
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Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com
About BlueNord ASA
BlueNord is a strategically important European oil and gas company that specialises in producing and developing energy resources, and in activities which support the energy transition. The Company has a 36.8 percent interest in the Danish Underground Consortium (DUC) that is responsible for oil and gas production in the Danish North Sea. BlueNord is listed on the Oslo Stock Exchange and trades under the ticker "BNOR". For further information, please visit: www.bluenord.com.