PetroNor E&P Limited (PNOR)

Fartin · mai 26, 2024, 2:40pm

Forslaget som foreligger er å bruke pengene fra salg av lisens til utbytte og tilbakekjøp.

Deretter 30% av overskuddet neste år.

Det tilsvarer ca 20% i år og 15% neste år.

Fartin · mai 28, 2024, 10:35am

Gf er vel ferdig nå siden kursen går opp og noen vet hva som ble diskutert? Noen som har vært tilstede?

tverilytt · mai 28, 2024, 10:59am

GF er i morgen…

TekBot · mai 29, 2024, 12:16pm

PetroNor E&P ASA: Minutes from the Annual General Meeting held on 29 May 2024

Oslo, 29 May 2024: The annual general meeting (“AGM”) of PetroNor E&P ASA (OSE ticker: PNOR, the “Company”) was held today, 29 May 2024. All resolutions proposed to the AGM were adopted.

Joseph Kamal Iskander Mina was elected as chair of the board, and board members Ingvil Smines Tybring-Gjedde, Jarle Norman-Hansen, Azza Samir Fawzi and Gro Kielland were re-elected.
…

Vis børsmeldingen

The minutes of the AGM are attached to this announcement and can also be found on the Company’s website www.petronorep.com.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-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 offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113 in Nigeria. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

TekBot · juni 20, 2024, 1:15pm

Financial calendar

TekBot · juni 20, 2024, 1:42pm

Financial calendar

Martins · juli 1, 2024, 2:14pm

Inne igjen nå, satser på avklaring ang. utbytter og økokrim etter hvert. Minner litt om da MPCC begynte å få det til, minus økokrim da.

TekBot · juli 10, 2024, 5:02am

PetroNor E&P ASA: Q2 2024 Production update

Oslo, 10 July 2024: PetroNor E&P ASA (“PetroNor” or the “Company”) is pleased to provide the following update on the Congo operations related to the PNGF Sud field complex.

Second quarter average net working interest production was 4,672* bopd, compared with 5,037 bopd in the previous quarter and 5,003 bopd in the same period in 2023. Production efficiency during the quarter averaged 81 per cent, which is lower than the 2023 average of 92 per cent, due to system instabilities from commissioning activities and third-party power import interruptions. These instabilities have also contributed to a growing number of workover candidates. In order to address this backlog an additional workover team has been added to bring the number of teams assigned to PNGF Sud up to three. The third team is expected to start during July.
…

Vis børsmeldingen

Commissioning of the new Tchendo 2 platform was completed in April, and the generators produce some 10MW power to the wider field. Power generation is currently fuelled with gas from the nearby Likouala field, operated by Congorep (Perenco has a 35 per cent interest). A new gas line from Tchibeli NE, Tchibeli and Litanzi to Tchendo 2 will be finished mid-July to allow the PNGF Sud to be self-sufficient for its power needs.

With stable power supply and three operational workover crews, production rates and production efficiencies are forecasted to increase in the second half of the year. With normalised production efficiencies, the production capacity of the field and wells would be 5,300 bopd on a net basis.

As communicated previously, the Company has lifted and sold 914,268 bbls of oil for an average realised price of USD 82.70 per barrel year-to-date. The next lifting is scheduled for the fourth quarter.

The full account of production (including final allocation) will be presented in the interim report for the second quarter of 2024.

*Final (net to PetroNor 16.83 per cent) production allocation for the month of April, preliminary production allocation for May and June.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-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 offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113 in Nigeria. 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.

Kilde

TekBot · juli 10, 2024, 5:03am

PetroNor E&P ASA: Q2 2024 Production update

Oslo, 10 July 2024: PetroNor E&P ASA (“PetroNor” or the “Company”) is pleased to provide the following update on the Congo operations related to the PNGF Sud field complex.

Second quarter average net working interest production was 4,672* bopd, compared with 5,037 bopd in the previous quarter and 5,003 bopd in the same period in 2023. Production efficiency during the quarter averaged 81 per cent, which is lower than the 2023 average of 92 per cent, due to system instabilities from commissioning activities and third-party power import interruptions. These instabilities have also contributed to a growing number of workover candidates. In order to address this backlog an additional workover team has been added to bring the number of teams assigned to PNGF Sud up to three. The third team is expected to start during July.
…

Vis børsmeldingen

Commissioning of the new Tchendo 2 platform was completed in April, and the generators produce some 10MW power to the wider field. Power generation is currently fuelled with gas from the nearby Likouala field, operated by Congorep (Perenco has a 35 per cent interest). A new gas line from Tchibeli NE, Tchibeli and Litanzi to Tchendo 2 will be finished mid-July to allow the PNGF Sud to be self-sufficient for its power needs.

With stable power supply and three operational workover crews, production rates and production efficiencies are forecasted to increase in the second half of the year. With normalised production efficiencies, the production capacity of the field and wells would be 5,300 bopd on a net basis.

As communicated previously, the Company has lifted and sold 914,268 bbls of oil for an average realised price of USD 82.70 per barrel year-to-date. The next lifting is scheduled for the fourth quarter.

The full account of production (including final allocation) will be presented in the interim report for the second quarter of 2024.

*Final (net to PetroNor 16.83 per cent) production allocation for the month of April, preliminary production allocation for May and June.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-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 offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113 in Nigeria. 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.

Kilde

Alexandros32 · august 13, 2024, 1:03pm

Hei alle Pnor aksjonærer

Har vært inn og ut av selskapet en periode nå, men har nå satt en stor del av beholdningen i PNOR med ett utvidet tidsperspektiv.

Selv med Afrika og Økokrim, er tallene for gode til å sitte utenfor.

Blir en spennende tid fremover mot Q2, og mulig annonsering av utbytte

Aaleby · august 13, 2024, 2:21pm

Den evige gjennomgangstonen i Pnor siste 3-4 årene uten at kursen har flyttet seg en millimeter i riktig retning

Alexandros32 · august 13, 2024, 2:30pm

Så lenge utbyttene starter å rulle, så er ikke lav kurs annet en god kjøpsmulighet

Martins · august 13, 2024, 2:31pm

Utbytter endrer situasjonen Da er det ikke så farlig hvor kursen går lengre, det beste hadde vært ned for alle som kan kjøpe mer etterhvert. Håper på kjempe fall jeg, men dessverre vil den nok stige betydelig når de endelig annonserer selve utbetalingen. I høye rentetider vil alle helst ha en fin utbytte portefølje, ikke selskaper som trenger penger. Alle blir snart klar over at Petronor er blitt et sånt selskap.

Alexandros32 · august 14, 2024, 1:27pm

Noen som har lekt litt med tallene, å regnet litt på mulige utbytte utbetalinger? Selskapet guider 30% av overskudd, pluss mulige triggere på utlisenseringer.

Martins · august 14, 2024, 1:37pm

Nåværende tror jeg det vil bli årlig utbytte på rundt 1,5kr/aksje, men høyere oljepris/høyere produksjon vil påvirke det også.

Alexandros32 · august 15, 2024, 7:47am

Så ca 15% avkastning fra dagens kurs.

I tillegg satt selskapet på 97m usd i cash ved utgang q1. Etter «lifting» Q4 burde selskapet etter mine beregninger sitte på en cash beholdning 110-115m usd.
Så cash beholdningen alene kan utgjør 8,66,-nok per aksje ved utgangen av 2024.

Men,
25m usd er satt til distribusjon, h2 2024. Ca 1,8nok pr aksje.

I tillegg ligger det flere triggere som kan utløse ekstraordinære utbytte utbetalinger.

Spennende tider i vente!

Martins · august 17, 2024, 7:21pm

Ja, man har nok fått igjen investeringen om 5 år bare i utbytter

TekBot · august 27, 2024, 1:01pm

PetroNor E&P ASA: Webinar for Q2 2024 results, Friday 30 August

Oslo, 27 August 2024: PetroNor E&P ASA (OSE ticker: “PNOR”) will announce its results for the second quarter of 2024 on Friday, 30 August 2024.

The interim report and the presentation material will be published on www.newsweb.no and on the Company’s web site www.petronorep.com at around 06:30 CET.
…

Vis børsmeldingen

At 09:00 CET on the same day, CEO Jens Pace will present the results in a webcast.

The presentation and subsequent Q&A session will be held in English and may be viewed live at: https://channel.royalcast.com/landingpage/hegnarmedia/20240830_3/

A recording of the event will be made available on the Company’s website after the webcast.

For additional information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-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 offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113 in Nigeria.

Kilde

TekBot · august 30, 2024, 4:30am

PetroNor E&P ASA: Interim financial report for the quarter ended 30 June 2024

Oslo, 30 August 2024: For PetroNor E&P ASA (“PetroNor” or “Company”), the second quarter of 2024 was characterised by continued strong delivery from Congo assets underpinned by an additional lifting to sell oil inventory and generate cash flow.

During the quarter, the Company lifted and sold a total of 583,695 bbls of entitlement oil at an average realised price of 82.90 USD/bbl. Oil sales for the year to date totalled 914,268 bbls at a realised price of 82.89 USD/bbl.
…

Vis børsmeldingen

PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in Congo, which is the Company’s core production licence. From this asset, net working interest production allocated to PetroNor was 4,709 bopd in the second quarter of 2024, compared with 5,035 bopd in the first quarter 2024.

Production efficiencies during the first half year were affected by infrastructure instabilities and reduced well availability due to a workover backlog. Efficiencies are expected to improve in the fourth quarter with lower installation activities permitting greater focus on workover activities.

In terms of financial performance for the second quarter of 2024, the Company generated revenue of USD 66.1 million, compared with USD 54.1 million in the same period of 2023. This gave an EBITDA result for the quarter of USD 33.7 million, compared to USD 32.8 million in the same period in 2023. Cash held by the Company on 30 June 2024 was USD 65.8 million. This has been augmented during the first week of July by payment of USD 48.4 million of trade receivables, so the Company entered 3Q with cash of USD 114.2 million.

The Company’s dividend policy was approved at the general meeting in May 2024, and the board is committed to the strategic objective of returning capital to shareholders. However, the change in the Company’s status to being a suspect in Økokrim’s ongoing investigation into individuals associated with the Company may impact the timing for implementing the initial capital return beyond 2H 2024. Liquidity for a shareholder return would come from the operations in Congo, and currently there is a risk that extracting funds from Congo would negatively impact the Company’s commitment to fully cooperating with the authorities.

Please find enclosed the interim financial report and presentation material for the quarter ended 30 June 2024.
CEO Jens Pace will present the results in a webcast today at 09:00 CEST.

The presentation and subsequent Q&A session will be held in English and may be viewed live at: https://channel.royalcast.com/landingpage/hegnarmedia/20240830_3/.

A recording of the event will be made available on the Company’s website after the webcast.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-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 offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia and OML-113 in Nigeria. 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.

Kilde

Alexandros32 · august 30, 2024, 10:37am

Hinsides inntjeninger! men skuffende med utsettelse av utbytte utbetaling.

Etter dagens fall så er børsverdi mindre enn cash beholdningen til selskapet!