February 12, 2019 07:30
Regulatory
Fourth quarter 2018 (third quarter 2018)
· Production from Blocks 3&4, Oman, amounted to 11,898 bopd (11,857 bopd)
· Revenue and other income of MUSD 44.4 (MUSD 42.3)
· EBITDA of MUSD 30.8 (MUSD 30.1)
· Net result of MUSD 19.9 (MUSD 18.2)
· Earnings per share amounted to USD 0.58 (USD 0.53)
· Blocks 3&4: Appraisal programme of 2017 discoveries continued with three wells drilled
· Block 49: 253 km2 of 3D and 299 km of 2D seismic acquired
Reserves and Contingent Resources
· 2P internal reserve replacement ratio of 177 percent
· Year-end 2018 2P Reserves of 25,357 mbo and 2C Contingent Resources of 12,533 mbo
Dividend
· The board of directors proposes an ordinary dividend of SEK 2.00 per share (2018: SEK 2.00), to be paid in two instalments of SEK 1.00 per share each in May and November 2019
· The board of directors proposes an extraordinary distribution of SEK 6.00 by way of a mandatory share redemption programme following the 2019 AGM (2018: SEK 4.00)