Interoil recorded an EBITDA of USD 1,6 million in Q1 2017 (Q4 2016: USD 0,8 million) on operating revenues of USD 3,7 million (Q4 2016: USD 3,6 million). Increased revenues and EBITDA result from increased oilprice, increased gas production and reduction in cost of goods sold including depreciation. Administrative cost fell to USD 1 million from USD 1,4 million in Q4 2016. Net comprehensive loss came in at USD 1,4 million (Q4 2016: USD 3,5 million loss).
Detailed information on the operational and financial activities of Interoil is presented in Interoil's Q1
2017 Report enclosed.
Please direct any further questions to: ir@interoil.no.
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Interoil Exploration and Production ASA is a Norwegian based exploration and production company - listed on the Oslo Stock Exchange - with focus on Latin-America. The Company is operator of production and exploration assets in Colombia. Interoil currently employs approximately 70 people and is headquartered in Oslo.
