Oslo ,16 October 2023 :PetroNor E&P ASA ("PetroNor ") confirms that the 337,221 bbls of oil that were lifted and sold from theDjeno Terminal as announced on10 October 2023 , generated a cash inflow ofUSD 30 million at a realised price ofUSD 88.95 per barrel. During 2023 to date,PetroNor has sold a record high volume of 1,170,487 bbls of net entitlement oil forUSD 94 million in cash, equivalent to an average price of79.95 USD per barrel. Under the terms of the PNGF Sud licences, a proportion of oil produced is used to pay royalties and tax to the Government. The remaining oil produced is considered "entitlement oil" that can be lifted by the Company and sold in the market. As per the financial calendar, the interim financial statements for the quarter ended30 September 2023 will be published on28 November 2023 . For further information, please contact: Investor Relations Email: ir@petronorep.com AboutPetroNor E&P ASA PetroNor E&P ASA is anAfrica -focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR.PetroNor E&P ASA holds exploration and production assets offshoreWest Africa , specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in TheGambia , the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses inGuinea-Bissau , the Rufisque Offshore Profond and Senegal Offshore Sud Profond inSenegal (in arbitration) and OML-113 inNigeria .
Click here for more information
© Oslo Bors ASA, source