Report 1q 2016
Published Thursday 12 May 2016
Interoil recorded an EBITDA of USD 1,1 million in Q1 2016 (Q4 2015: USD 1,0 million before one off provisions) on operating revenues of USD 3,9 million (Q4 2015: USD 3,6 million). Increased revenues and EBITDA primarily result from stable production and a reduction in inventory with an increase in the number of barrels sold. The fall in the oil price negatively affected revenues. Administrative cost fell to USD 1,1 million from USD 1,4 million in Q4 2015. Net comprehensive loss came in at USD 0,8 million (Q4 2015: USD 6,2 million loss).
Detailed information on the operational and financial activities of Interoil is presented in Interoil’s Q1 2016 Report.
Click here to download:Q1 2016 Report
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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. The Company is operator of production and exploration assets in Colombia. Interoil currently employs approximately 70 people and is headquartered in Oslo.This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.