Increased Production and Revenue
Gross average production increased by 12% in the first half of 2025 to 44,100 barrels of oil per day compared to the first half of 2024. Adjusted EBITDA increased by 13% to $41 million, driven by increased production and higher average realized prices.
Dividend Announcement
Declared an additional $25 million interim dividend to be paid on September 30, bringing total dividends paid and declared in 2025 to $50 million.
Safety and Operational Milestones
Extended track record of zero lost time incidents to over 950 days and resumed production following temporary shut-in due to security concerns.
Water Handling Facility Investment
Sanctioned the installation of water handling facilities at Production Facility 2, expected to unlock 4,000 to 8,000 barrels of oil per day of incremental production by 2027.