The Traderszone Network

Published in TZ Latest News 9 November, 2017 by The TZ Newswire Staff

Interoil Exploration and Production ASA: Q3 2017

Interoil recorded an adjusted EBITDAx (EBITDA adjusted for exploration cost) of USD 1.6 million in Q3 2017 (Q2 2017: USD 1.2 million) on operating revenues of USD 4.1 million (Q2 2017: USD 3.5 million). Increased revenues and EBITDAx is a result of increased oil price and production, despite slightly reduced gas production, in addition to reduced administrative expenses. Net comprehensive loss came in at USD 1.8 million (Q2 2017: USD 2.3 million loss).