Interim report Q2 2019
January - June 2019
- Total revenue: SEK 28 (32) million
- Operating result: SEK 2 (4) million
- Result from equity investment SEK 0 (7)
- Net result: SEK 2 (11) million
- Earnings per share: SEK 0.07 (0.36)
Statement from CEO
I am pleased to announce the results for the first half of 2019. It was an interesting period where in addition to operational focus we started testing the market for opportunities to divest our assets in Komi and Bashkiria. It was unfortunate that in the beginning of 2019 we faced some partner issues in our Komi JV but we continue looking for options to resolve the situation.
Thanks to the successful re-entry of a well on the Aysky licence in the second half of 2018 we managed to declare a new discovery and book the additional over 7 million barrels of oil in beginning of 2019. We have just put well 141 Aysky in production and are now looking at further exploration / appraisal opportunities across our portfolio.
Pavel Tetyakov, CEO
Stockholm, 29 August 2019
This information was released for publication on 29 August 2019 at 08:30 CET.
This report has not been reviewed by the Company's auditors.
For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585