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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Beskrivning

LandNorge
ListaOB Match
SektorRåvaror
IndustriOlja & gas
InterOil Exploration and Production är ett norskt oljebolag. Bolaget utvecklar, producerar och driftsätter olje- och gasfält. Strategin är att förvärva andra aktörer på marknaden samt ingå samarbeten i olika större projekt. Bolaget arbetar utifrån upparbetade prospekteringslicenser med störst verksamhet inom Sydamerika. Utöver huvudmarknaden återfinns verksamhet på global nivå. InterOil Exploration etablerades 2005 och har sitt huvudkontor i Oslo.

Kalender

2020-11-27 Kvartalsrapport 2020-Q3
2020-08-28 Kvartalsrapport 2020-Q2
2020-07-01 Ordinarie utdelning IOX 0.00 NOK
2020-06-30 Årsstämma 2020
2020-06-12 Kvartalsrapport 2020-Q1
2020-02-27 Bokslutskommuniké 2019
2020-01-16 Extra Bolagsstämma 2020
2019-11-29 Kvartalsrapport 2019-Q3
2019-08-30 Kvartalsrapport 2019-Q2
2019-06-28 Ordinarie utdelning IOX 0.00 NOK
2019-06-27 Årsstämma 2019
2019-05-31 Kvartalsrapport 2019-Q1
2019-02-28 Bokslutskommuniké 2018
2018-11-29 Kvartalsrapport 2018-Q3
2018-08-30 Kvartalsrapport 2018-Q2
2018-06-29 Ordinarie utdelning IOX 0.00 NOK
2018-06-28 Årsstämma 2018
2018-05-29 Kvartalsrapport 2018-Q1
2018-02-15 Bokslutskommuniké 2017
2017-11-10 Kvartalsrapport 2017-Q3
2017-08-11 Kvartalsrapport 2017-Q2
2017-06-09 Ordinarie utdelning IOX 0.00 NOK
2017-06-08 Årsstämma 2017
2017-05-12 Kvartalsrapport 2017-Q1
2017-04-07 Extra Bolagsstämma 2017
2017-02-16 Bokslutskommuniké 2016
2016-11-10 Kvartalsrapport 2016-Q3
2016-08-11 Kvartalsrapport 2016-Q2
2016-06-29 Ordinarie utdelning IOX 0.00 NOK
2016-06-28 Årsstämma 2016
2016-05-12 Kvartalsrapport 2016-Q1
2016-02-16 Bokslutskommuniké 2015
2015-11-25 Kvartalsrapport 2015-Q3
2015-08-26 Kvartalsrapport 2015-Q2
2015-07-06 Split IOX 10:1
2015-06-29 Ordinarie utdelning IOX 0.00 NOK
2015-06-26 Årsstämma 2015
2015-05-28 Kvartalsrapport 2015-Q1
2015-02-27 Bokslutskommuniké 2014
2014-11-30 Kvartalsrapport 2014-Q3
2014-05-28 Kvartalsrapport 2014-Q1
2014-05-28 Analytiker möte 2014
2013-03-05 Extra Bolagsstämma 2012
2012-11-21 Kvartalsrapport 2012-Q3
2012-08-21 Kvartalsrapport 2012-Q2
2012-06-06 Årsstämma 2012
2012-05-23 Kvartalsrapport 2012-Q1
2012-02-20 Bokslutskommuniké 2011
2011-11-11 Kvartalsrapport 2011-Q3
2011-08-12 Kvartalsrapport 2011-Q2
2011-06-28 Årsstämma 2011
2011-05-13 Kvartalsrapport 2011-Q1
2011-02-22 Bokslutskommuniké 2010
2010-11-12 Kvartalsrapport 2010-Q3
2010-08-06 Kvartalsrapport 2010-Q2
2010-05-27 Årsstämma 2010
2010-05-14 Kvartalsrapport 2010-Q1
2010-02-26 Bokslutskommuniké 2009
2020-08-28 21:48:46


Interoil Exploration and Production ASA is pleased to release its Q2 2020 interim financial report


Highlights in the quarter 

• The COVID-19 pandemic had a major shock on the oil industry. In the case of Interoil that effect has impacted in its figures due to the fall of prices and decreased volumes.

• Gross production decreased by 67.5 % in Q2 2020 compared with Q1 2020 and 66.9% with the same period of last year. 

• Interoil’s EBITDA in Q2 2020 was negative USD 0.6 million, compared with a positive USD 0.9 in Q1 2020 and positive USD 2.1 in Q2 2019. Variation is related to a lower production, due to the halt of operations both in Mana and Vikingo and the collapse of the oil and gas prices.

• During the past months, Interoil went through a rightsizing process of its operations, staff and obligations in order to cope with the challenge of the new market conditions. 

• On April 2020 Interoil received a notification from Turgas, our sole gas off-taker for the Mana and Ambrosia fields, that excess pressure was building in some points of the main trunk line. This forced Interoil to shut in all producing wells in those fields, affecting not only gas but also oil production. 

• On April 7, 2020, the ANH issued Agreement 002/2020 (Acuerdo 002/2020) setting forth a framework of measures aimed at mitigating the impact of the emergency on companies with contracts with the ANH, including the extension of terms for exploration activities and the transfer of commitments between contracts with the ANH, among others. The Company applied for an extension of terms of 12 months both for Altair and LLA-47.  The ANH granted to the Company the extension requested for Altair.  

• On May 2020, Turgas notified Interoil that it would resume gas off-takings and Interoil restarted its deliveries accordingly. 

• On May 2020, Interoil decided to temporarily close production at Vikingo as it was not economically viable with the prevailing oil price. 

• On May 26 2020, the Company has agreed on a new credit line facility worth USD 1.8 million and with a term of 19 months. 

• On June 8, Interoil declared and filed-in the commerciality of the Vikingo well with the E&P Colombian Authority ANH (Agencia Nacional de Hidrocaburos)

For more information, please see attached Q2 2020 interim report.


Please direct further questions to ir@interoil.no

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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 Act