Skip to main content

Interoil Q3 interim financial report

Written by Customer Service on . Posted in Public Companies.

Oslo, 29 November 2020Interoil Exploration and Production ASA is pleased to release its Q3 2020 interim financial report.Highlights in the quarterThe COVID-19 pandemic effect on the company had impacted its figures due to the fall of prices and decreased volumes.Gross production increased by 198% in Q3 2020 compared with Q2 2020 and decreased 9% compared with the same period of last year.Interoil’s EBITDA in Q3 2020 was positive USD 0.2 million, compared with a negative USD 0.6 in Q2 2020 and positive USD 2.1 in Q3 2019. Variation is related to a lower production, due to the halt of operations both in Mana and Vikingo in the Q2 2020 and the lower value of oil and gas prices.Since its closure of production in Vikingo and Puli C areas, Interoil has kept a steady campaign of reopening wells and increase production in both areas.On July 30, Bondholders approved a resolution to introduce certain flexibility in the payment terms of the interests on the Senior Secured Callable Bonds.Subsequent eventsOn November 2, the Company refinanced a total amount of $COL 5,250 million equal to around USD 1.5 million with Banco Occidente. The loan terms include four-year repayment in six-months instalments after a one-year of grace period.For more information, please see attached Q3 2020 interim report.Please direct further questions to ir@interoil.no+ + +Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange with focus on Latin America and Argentina. The company is operator of several production and exploration assets in Colombia and Argentina. Interoil currently employs approximately 50 people and is headquartered in Oslo.This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading ActAttachmentInteroil Q3 2020 Report

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.