InterOil Exploration and Production ASA ( (DE:1ZD0) ) just unveiled an update.
Interoil Exploration and Production ASA faced a challenging year in 2024, with total operated production decreasing to 754,918 barrels of oil equivalent due to equipment failure at the Vikingo well and harsh winter conditions in Argentina. These issues led to a drop in revenues to USD 16.8 million. Despite these setbacks, the company completed a successful downhole intervention at Vikingo and launched a well service campaign in the Mana Field. Additionally, Interoil established an Audit Committee and faced regulatory charges due to financial reporting errors. The company also amended bond terms to manage interest payments.
More about InterOil Exploration and Production ASA
Interoil Exploration and Production ASA is a Norwegian-based company listed on the Oslo Stock Exchange, focusing on exploration and production in Latin America. The company operates and holds licenses for various production and exploration assets in Colombia and Argentina, with its headquarters in Oslo.
YTD Price Performance: -8.00%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €3.05M
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