IOX InterOil Exploration & Production ASA

Interoil Q4 2019

Interoil Q4 2019



Oslo, 27 February 2020

Highlights in the quarter

Gross production increased by 19.5 % in Q4 2019 compared with the same period of last year, partly as a result of increased gas production in the Puli C field thanks to the work over campaign and start of oil production in Argentina.



Interoil’s EBITDAx in Q4 2019 was USD 1.5 million, compared with a USD 2.1 in Q3 2019 and USD 1.8 in Q4 2018. For the full year 2019, EBITDAx was USD 6.9 million, compared with USD 9.7 in the previous year. Decline is related to a lower production, due to Mana and Vikingo natural decline and lower oil prices.

During the past twelve months, Interoil has made several accretive and transformational transactions in Argentina and successfully restructured and strengthened its balance sheet through conversion of bonds, approved by the General Meeting in January 2020.



In parallel workover operations and various debottlenecking initiatives have increased production and recovery rates from existing wells in fields in Colombia and Argentina.



On 30 December 2019, the bondholder’s approved the proposal for debt to equity conversion and maturity extension. As a result, and after the shareholders approved the terms on 16 January, maturity has been extended 6 years until January 2026, interest rate was fixed at 7.5 % and 35 % of the outstanding bonds were converted into equity



See attached quarterly report for further information.



Please direct any further questions to:

***************************

Interoil Exploration and Production ASA is a Norwegian based exploration and production company - listed on the Oslo Stock Exchange - with focus on Latin America and Argentina. The Company is operator of several production and exploration assets in Colombia and Argentina. Interoil currently employs approximately 50 people and is headquartered in Oslo.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act     



Attachment

EN
27/02/2020

Underlying

IOXInterOil Exploration & Production ASA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on InterOil Exploration & Production ASA

 PRESS RELEASE
Free
IOX InterOil Explor...

Interoil completes strategic exit from Argentina

Interoil completes strategic exit from Argentina Oslo, Norway – February 9, 2025 – Interoil Exploration and Production ASA (“Interoil” or the “Company”) announces that it has completed a strategic decision to exit its conventional operations in Argentina. The exit covers the interests held by Interoil in the country in all of the Santa Cruz Sur joint operations (due to expire between April and August 2026), and the La Brea Block, as well as the right to challenge the termination of the Mata Magallanes Oeste (MMO) production concession and the Cañadón Ramírez (CR) exploration block. This de...

February 9, 2026 1 EN
 PRESS RELEASE
Free
IOX InterOil Explor...

Written resolution passed – approved amendments to the senior secured ...

Written resolution passed – approved amendments to the senior secured callable bonds Oslo, 23 December 2025 Reference is made to the announcement published by Interoil Exploration and Production ASA (the "Company") on 19 December 2025 regarding summons for a bondholders' written resolution with respect to the Company's senior secured callable bonds with ISIN NO 001 0729908 (the "Bonds"). The written resolution in respect of the Bonds has been resolved and approved by the Company's bondholders. Please see the attached notice of the written resolution for further information. The notice of...

December 23, 2025 1 EN
 PRESS RELEASE
Free
IOX InterOil Explor...

Summons for a written resolution - proposed amendments to the senior s...

Summons for a written resolution - proposed amendments to the senior secured callable bond terms Oslo, 19 December 2025 Interoil Exploration and Production ASA (the "Company") has today requested Nordic Trustee AS to summon for a bondholders' written resolution (the "Summons") for the Company's senior secured callable bonds with ISIN NO 001 0729908 (the "Bonds"). The purpose of the written resolution is to request bondholders’ approval for certain amendments to the bond terms to support the Company’s ongoing capital structure review and near-term liquidity requirements. The proposed amend...

December 19, 2025 1 EN
 PRESS RELEASE
Free
IOX InterOil Explor...

Q3 2025 interim accounts and upcoming summons for written resolution

Q3 2025 interim accounts and upcoming summons for written resolution Oslo, 28 November 2025 Interoil Exploration and Production ASA (the "Company") announces that it will not publish its interim accounts for Q3 2025 as scheduled today. The Company will in due course request Nordic Trustee AS to summon for a bondholders' written resolution regarding certain amendments to the bond terms for the Company's senior secured callable bonds with ISIN NO 001 0729908. The proposed amendments will include, among other things, adjustments to the financial reporting requirements, including a waiver o...

November 28, 2025 1 EN
 PRESS RELEASE
Free
IOX InterOil Explor...

Mata Magallanes Oeste/Cañadon Ramirez

Mata Magallanes Oeste/Cañadon Ramirez Oslo, 4 September 2025 Interoil Exploration and Production ASA ("Interoil") informs that Petrominera S.E. (“Petrominera”), an instrumentality of the Province of Chubut, Argentina, has decided to terminate the joint venture agreement entered into between Petrominera, Interoil and Selva Maria Oil S.A. (“SMO”, and together with Interoil, the “Private Companies”). Such contract regulates the relationship between such parties, as members of the joint venture, in connection with the exploration and exploitation of the areas Mata Magallanes Oeste and Cañadon ...

September 4, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch