16% q/q production increase in KurdistanEBITDA USD 111m (well above cons./ARCe on lower opex and exploration expenses)FCF USD 44m (well above due to the EBITDA beat and lower investments)Kurdistan sales price raised to upper USD30s per barrel (previously mid-to-low)Should outperform peers today as local sales strategy continues to bear fruit and show improvement

08 May 2024
Arctic FLASH: DNO - Another step in the right direction

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Arctic FLASH: DNO - Another step in the right direction
- Published:
08 May 2024 -
Author:
Daniel Stenslet | Øyvind Hagen -
Pages:
12 -
16% q/q production increase in KurdistanEBITDA USD 111m (well above cons./ARCe on lower opex and exploration expenses)FCF USD 44m (well above due to the EBITDA beat and lower investments)Kurdistan sales price raised to upper USD30s per barrel (previously mid-to-low)Should outperform peers today as local sales strategy continues to bear fruit and show improvement