Audited Annual Financial Report 2020
Audited Annual Financial Report - 31 December 2020
30 April 2021
PetroNor E&P Limited
(“PetroNor” or the “Company”)
Audited Annual Financial Report - 31 December 2020
PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, today releases its Audited Financial Report for the year ended 31 December 2020.
This announcement is made pursuant to section 5-12 of the Securities Trading Act.
*****
For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com
Angeline Hicks, Company Secretary
Tel: +61 401 489 883
Media Contacts:
Buchanan
Ben Romney
Tel: +44 207 466 5000
About PetroNor E&P
PetroNor E&P Limited is a sub-Saharan focused independent oil and gas exploration and production company listed on Oslo Euronext Expand with the ticker PNOR. PetroNor holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2A) and Esperança (Blocks 4A and 5A) licenses in Guinea Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).
https://newsweb.oslobors.no/message/531751
https://newsweb.oslobors.no/obsvc/attachment.obsvc?messageId=531751&attachmentId=216404&obsvc.item=1
https://newsweb.oslobors.no/obsvc/attachment.obsvc?messageId=531751&attachmentId=216479&obsvc.item=1
30 April 2021
PetroNor E&P Limited
(“PetroNor” or the “Company”)
Audited Annual Financial Report - 31 December 2020
PetroNor (OSE ticker: “PNOR”), the independent oil and gas exploration and production company with a focus on sub-Saharan Africa, today releases its Audited Financial Report for the year ended 31 December 2020.
This announcement is made pursuant to section 5-12 of the Securities Trading Act.
*****
For further information, please contact:
Knut Søvold, Chief Executive Officer
Chris Butler, Group Financial Controller
info@petronorep.com
Angeline Hicks, Company Secretary
Tel: +61 401 489 883
Media Contacts:
Buchanan
Ben Romney
Tel: +44 207 466 5000
About PetroNor E&P
PetroNor E&P Limited is a sub-Saharan focused independent oil and gas exploration and production company listed on Oslo Euronext Expand with the ticker PNOR. PetroNor holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2A) and Esperança (Blocks 4A and 5A) licenses in Guinea Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).
https://newsweb.oslobors.no/message/531751
https://newsweb.oslobors.no/obsvc/attachment.obsvc?messageId=531751&attachmentId=216404&obsvc.item=1
https://newsweb.oslobors.no/obsvc/attachment.obsvc?messageId=531751&attachmentId=216479&obsvc.item=1
Redigert 30.04.2021 kl 08:43
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Noe spennende å bite seg merke i?
FkL
30.04.2021 kl 08:13
1979
For min del så tror jeg ikke jeg rekker å lese igjennom før i ettermiddag, men tallene er jo kjent fra før. Kommer tilbake :)
Foreigner
30.04.2021 kl 08:45
1832
90mNOK profit on 41USD oil price. mCAP 1570. Even without all new production coming this year the PE will be pretty nice by end of this year:) But there will be increase in production:)
FkL
30.04.2021 kl 08:48
1804
Legger ut denne på nytt slik at alle forstår hvor ekstremt bra dette er.
Bare en liten påminnelse til alle om at PetroNor har breakeven på $20 fatet og at de krusningene vi ser i oljepris ikke betyr annet for oss enn om vi skal få megaoverskudd eller megaoverskudd+. Se side 90 i vår uavhengige ekspertrapport.
Slik er det altså:
$30 - går nok rimelig i null
$40 - går godt i pluss og tjener gode penger
$50 - går meget godt i pluss
$60 - går ekstremt godt i pluss
$70 - går vanvittig godt i pluss
$80 - herfra kan dere finne på superlativer selv
Pengene renner inn og har gjort det helt siden selskapet ble opprettet uansett oljepris. Dønn solid, det er ingen andre som har så gode marginer og har hatt så gode tall gjennom hele Coronakrisen.
Husk også at vår oljepris settes siste handelsdag hver måned.
https://petronorep.com/media/1847/20210408_notice-of-general-meeting_pn.pdf
Bare en liten påminnelse til alle om at PetroNor har breakeven på $20 fatet og at de krusningene vi ser i oljepris ikke betyr annet for oss enn om vi skal få megaoverskudd eller megaoverskudd+. Se side 90 i vår uavhengige ekspertrapport.
Slik er det altså:
$30 - går nok rimelig i null
$40 - går godt i pluss og tjener gode penger
$50 - går meget godt i pluss
$60 - går ekstremt godt i pluss
$70 - går vanvittig godt i pluss
$80 - herfra kan dere finne på superlativer selv
Pengene renner inn og har gjort det helt siden selskapet ble opprettet uansett oljepris. Dønn solid, det er ingen andre som har så gode marginer og har hatt så gode tall gjennom hele Coronakrisen.
Husk også at vår oljepris settes siste handelsdag hver måned.
https://petronorep.com/media/1847/20210408_notice-of-general-meeting_pn.pdf
FkL
30.04.2021 kl 08:57
1718
Og igjen, det kommer 60% mer produksjon på tirsdag :)
Redigert 30.04.2021 kl 08:57
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Uforståelig.
Det er klart at markedet bestemmer, men har shorterne begynt å herje i denne også?
Jalla børsen fornekter seg ikke.
Finanstilsynet burde se på dette kameraderiet imellom store finansinstitusjoner.
De er jo rimelig på hugget på matvaresamarbeid og drivstoffpriser. :(
Det er klart at markedet bestemmer, men har shorterne begynt å herje i denne også?
Jalla børsen fornekter seg ikke.
Finanstilsynet burde se på dette kameraderiet imellom store finansinstitusjoner.
De er jo rimelig på hugget på matvaresamarbeid og drivstoffpriser. :(
FkL
30.04.2021 kl 15:00
1383
Mye bra i rapporten. Tallene kjente vi til fra før, men rapporten bekrefter det vi alle trodde at 2021 blir vårt år. Vi skal flyttes til Norge og hovedlisten i løpet av mai/juni. Vi har stor tro på partnere på våre lisenser og screener veldig mange gode muligheter for å nå våre vekstmål, som ledelsen har stor tro på. Vårt ESG prosjekt har potensiale til å bli veldig stort på sikt. Anbefalt lesing :)
Eyas
"This year has the potential to be truly transformational for PetroNor and we look forward to communicating our progress as various operational and corporate initiates come to fruition."
Knut
"Whilst the industry has undoubtedly changed as a result of the Energy Transition and certain majors are shifting focus away from exploration as a result of ESG pressures, we continue to see strong interest in high quality assets and feel confident that we can monetise these assets over time, whilst retaining exposure to exciting drill-bit led value catalysts."
"This year, we hope to build on the momentum we have already achieved, and deliver a number of material corporate and operational milestones. We believe that it is a very opportunity rich market for a company like PetroNor, and we have every confidence that we can achieve scale through organic and inorganic means."
Vi flytter til Norge og hovedlisten i Q2!!!!
"The plans previously announced in February 2020, to redomicile the Company to Europe during H2-2020 in order to streamline the corporate structure and reduce corporate overheads have not yet been executed. The entire process is estimated to take 3 months, but this project has been delayed due to COVID-19 and is now expected to take place in Q2-2021."
Fra flaring til ren energy kan bli stort:
"PetroNor and Aragon will convert pollution into clean energy. Today the world is flaring gas similar to an amount which could power all the cars in Europe or supply the African continent with electricity. Our consortium has been approved in Nigeria and is now in process to qualify for specific projects, PetroNor intends to expand its flare gas division as soon as we have one such project is developed as reference."
Eyas
"This year has the potential to be truly transformational for PetroNor and we look forward to communicating our progress as various operational and corporate initiates come to fruition."
Knut
"Whilst the industry has undoubtedly changed as a result of the Energy Transition and certain majors are shifting focus away from exploration as a result of ESG pressures, we continue to see strong interest in high quality assets and feel confident that we can monetise these assets over time, whilst retaining exposure to exciting drill-bit led value catalysts."
"This year, we hope to build on the momentum we have already achieved, and deliver a number of material corporate and operational milestones. We believe that it is a very opportunity rich market for a company like PetroNor, and we have every confidence that we can achieve scale through organic and inorganic means."
Vi flytter til Norge og hovedlisten i Q2!!!!
"The plans previously announced in February 2020, to redomicile the Company to Europe during H2-2020 in order to streamline the corporate structure and reduce corporate overheads have not yet been executed. The entire process is estimated to take 3 months, but this project has been delayed due to COVID-19 and is now expected to take place in Q2-2021."
Fra flaring til ren energy kan bli stort:
"PetroNor and Aragon will convert pollution into clean energy. Today the world is flaring gas similar to an amount which could power all the cars in Europe or supply the African continent with electricity. Our consortium has been approved in Nigeria and is now in process to qualify for specific projects, PetroNor intends to expand its flare gas division as soon as we have one such project is developed as reference."
Redigert 30.04.2021 kl 15:35
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tuja
30.04.2021 kl 15:10
1343
Når vi kommer på hovedlisten, blir det vel også flere fond som vekter seg opp. Framtida ser meget bra og lys ut. Klarer ikke å se bedre small cap selskap innen olje og energi på Oslo børs enn PNOR.
:)
:)
FkL
30.04.2021 kl 15:19
1308
Et tillegg er selvfølgelig at tallene i rapporten er ekstremt gode selv om de allerede var kjent. For et selskap vi har og for en reise dette blir!
Fremtiden ser meget lys ut her, et av om ikke det mest potente small midcap selskapet på børsen.