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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

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2024-12-03 Kvartalsutdelning OKEA 0
2024-10-31 Kvartalsrapport 2024-Q3
2024-09-03 Kvartalsutdelning OKEA 0
2024-07-17 Kvartalsrapport 2024-Q2
2024-06-04 Kvartalsutdelning OKEA 0
2024-05-14 Årsstämma 2024
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2024-03-01 Kvartalsutdelning OKEA 0
2024-02-08 Bokslutskommuniké 2023
2023-12-01 Kvartalsutdelning OKEA 1
2023-10-26 Kvartalsrapport 2023-Q3
2023-09-01 Kvartalsutdelning OKEA 1
2023-07-13 Kvartalsrapport 2023-Q2
2023-06-02 Kvartalsutdelning OKEA 1
2023-05-11 Årsstämma 2023
2023-05-04 Kvartalsrapport 2023-Q1
2023-03-02 Kvartalsutdelning OKEA 1
2023-01-31 Bokslutskommuniké 2022
2022-12-02 Kvartalsutdelning OKEA 1
2022-10-26 Kvartalsrapport 2022-Q3
2022-09-02 Kvartalsutdelning OKEA 1
2022-07-13 Kvartalsrapport 2022-Q2
2022-06-02 Kvartalsutdelning OKEA 0.9
2022-05-12 Årsstämma 2022
2022-05-05 Kvartalsrapport 2022-Q1
2022-02-11 Bokslutskommuniké 2021
2021-10-28 Kvartalsrapport 2021-Q3
2021-07-14 Kvartalsrapport 2021-Q2
2021-05-04 Kvartalsrapport 2021-Q1
2021-05-03 Ordinarie utdelning OKEA 0.00 NOK
2021-05-03 Årsstämma 2021
2021-02-05 Bokslutskommuniké 2020
2020-10-28 Kvartalsrapport 2020-Q3
2020-07-14 Kvartalsrapport 2020-Q2
2020-04-28 Kvartalsrapport 2020-Q1
2020-04-25 Ordinarie utdelning OKEA 0.00 NOK
2020-04-24 Årsstämma 2020
2020-02-13 Bokslutskommuniké 2019
2019-07-17 Kvartalsrapport 2019-Q2

Beskrivning

LandNorge
ListaOB Match
SektorRåvaror
IndustriOlja & gas
OKEA är ett norskt bolag med verksamhet inom olje- och gassektorn. Bolaget bedriver idag produktion och vidare prospektering inom så kallad fältutveckling. Störst specialistkompetens återfinns inom standardisering och utveckling av befintlig infrastruktur, samt i operativt utvecklingsarbete, både på land och till sjöss. Bolaget har sitt huvudkontor i Trondheim, Norge.
2019-11-01 07:00:21
OKEA third quarter 2019 results

The third quarter result is characterized by solid operational performance on
Draugen, strong net cash flow contribution, lower volumes sold, cost related to
exploration activities and exchange rate loss. Total net production in the
quarter was 18 125 boepd while operating profit was NOK 227 million, down from
NOK 367 million in Q2 2019.

Total operating income in the quarter was NOK 622 million, a decrease from NOK 1
039 million in Q2 2019 mainly caused by one lifting on Draugen compared to two
in the previous quarter, lower production volumes on Gjøa and lower liquids and
gas prices. Correspondingly, net sold volumes in Q3 2019 were 16,696, down by
33% since the previous quarter.

OKEA produced 18 125 boepd in Q3 2019, down from 20 045 boepd in Q2 2019. The
production decrease is mainly explained by modifications and export constraints
on Gjøa. Production from Draugen increased by 4% in the quarter. The average
realized liquid price was USD 56.4 per barrel, while gas revenues were
recognized at market value of USD 0.11 per standard cubic meter.

"Our operated asset Draugen has no serious safety incidents and a production
regularity as high as 97% this quarter. This demonstrates that OKEA is an
operator dedicated to safe and efficient operations. OKEA has in 2019
revitalised the operations at Draugen, with focus on safety, decision lead time,
simplifications and use of new technology, digitalisation and collaboration with
partners. Although the financial result is impacted by lower volumes, prices and
exchange rates, I am very pleased to see that we generate a strong cash flow
from our operations", says Erik Haugane, CEO of OKEA.

"OKEA's ambition is to lift near-term production. We initiated as planned the
drilling of two wells as operator in October. Late October, OKEA reported that
volumes discovered in the Infill-Ø well, do not require a new producer to this
area. The results from ongoing drilling of Skumnisse are expected mid-November.
We are progressing as planned on the Gjøa P1 project and the Yme New Development
project is on schedule for first oil in Q2 2020", Mr. Haugane continues.

OKEA is also pleased to announce that, on 31 October 2019, Birte Norheim
accepted the position as CFO in OKEA. Start date in OKEA to be announced later.

The results will be presented by Erik Haugane, CEO and Kjersti Hovdal, SVP
Accounting and Controlling today at 08:15 CET at Felix Conference Center at
Bryggetorget 3 in Oslo. The presentation and Q&A session may also be followed
through a live webcast from www.okea.no.

For further information:

CEO Erik Haugane, +47 907 21 655

VP Investor Relations Ståle Myhre, +47 917 51 878

About OKEA

OKEA is an Exploration and Production (E&P) company and operator on the
Norwegian Continental Shelf with production of ~20 000 boe per day. OKEA aims to
grow through low-cost field developments of discoveries with reserves up to 100
million boe and mergers and acquisitions (M&A). The operating organisation is
built on the acquisition of the producing field Draugen in 2018.

OKEA is listed on Oslo Stock Exchange under the ticker "OKEA".

More information on www.okea.no