Interoil Q4 2017 report

Oslo, 15 February 2018: As a result of the production of Vikingo well in LLA-47 Interoil increased net working interest production from 54,274 bbls in Q3 to 65,172 bbls in Q4.  The Company delivered an adjusted EBITDAx (EBITDA adjusted for exploration cost) of USD 2.4 million in Q4 2017 (Q3 2017:...

London, 15/02/2018 (informazione.news - comunicati stampa - energia)

Oslo, 15 February 2018: As a result of the production of Vikingo well in LLA-47 Interoil increased net working interest production from 54,274 bbls in Q3 to 65,172 bbls in Q4.  The Company delivered an adjusted EBITDAx (EBITDA adjusted for exploration cost) of USD 2.4 million in Q4 2017 (Q3 2017: USD 1.6 million) on operating revenues of USD 5.3 million (Q3 2017: USD 4.1 million). Increased revenues and EBITDA is a result of increased oil price and production, despite slightly reduced gas production, in addition reduced administrative expenses. Net comprehensive loss came in at USD 0.8 million (Q3 2017:  USD 1.8 million loss).

For more information, please see attached Q4 2017 interim report