Report 3Q 2016
Published: Thursday 10 November 2016
Interoil recorded an EBITDA of USD 1,1 million in Q3 2016 (Q2 2016: USD 1,2 million) on operating revenues of USD 3,6 million (Q2 2016: USD 4 million). Decreased revenues and EBITDA primarily result from a decrease in production. Q3 cost of goods sold at USD 2,5 was at the same level as Q2 2016 due to higher lifting costs due to wellservices. Net comprehensive loss came in at USD 0,8 million (Q2 2016: USD 0,4 million profit).
Detailed information on the operational and financial activities of Interoil is presented in Interoil’s Q3 2016 Report enclosed.
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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.