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Q1 2020 activity - Date of the annual General Meeting

Apr 23, 2020

  • Working interest production of 28,916 boepd, a slight increase compared to Q4 2019
    • Working interest production of 19,594 boepd on Ezanga, a 5% increase

 

  • Valued production of $103 million, down 23% compared to Q4 2019
    • Valued production significantly impacted by the drop in oil price
    • Consolidated sales of $80 million after adjustment for the valuation of lifting rights at the end of March

 

  • Well positioned to face current market conditions
    • Active implementation of announced cost saving initiatives
    • Cash balance of $249 million at the end of March, an increase compared to December 2019 ($231 million)

 

  • Annual General Meeting of shareholders rescheduled to 30 June 2020

Press Release : Q1 2020 activity - Date of the annual General Meeting