NSE reported Q2’24 net production of 1,106boe/d and adjusted EBITDA of US$3.3mm (+150% q/q). US$2.6mm of EBITDA came from Venezuela, double that of Q1, on the back of 75bbl/d of net oil production (generating US$0.4mm) and revenues from procurement, trading and financing (US$2.6mm). On an annualised basis this is US$10.4mm. In Mexico, NSE generated US$0.8mm adjusted EBITDA from 1,031boe/d in just two months, which is close to US$5mm on an annualised basis. These are revenues that NSE is entitled ....
