PetroNor E&P ASA Logo

PetroNor E&P ASA

ISIN: NO0011157232 | Ticker: PNOR | LEI: 984500AEEH2D2AK42C11
Sector: EnergySub-Industry: Oil & Gas Exploration & Production
Country: Norway

About PetroNor E&P ASA

Company Description

PetroNor E&P, listed on Oslo Børs (PNOR), is an independent oil and gas exploration and production company led by an experienced Board and management team, with substantial experience in oil and gas exploration, appraisal, development and production.

We are an independent oil and gas exploration and production company with multiple licences in countries offshore West Africa (Republic of Congo, The Gambia, Guinea-Bissau, Senegal and Nigeria).

PetroNor E&P is present in West Africa with 2P reserves of 20.2 MMbbls and an average production of 3,850 bopd.
The Company holds, through its subsidiary, 2P reserves of 20.2 MMbbls and a production averaging around 3,850 bopd as of year end 2020. In addition, PetroNor E&P holds a portfolio of exploration licences in Guinea-Bissau, The Gambia and Senegal with net unrisked prospective resources of approximately 4 billion barrels of oil.

Year founded

2017

Served area

Europe + Africa

Headquarters

Frøyas gate 13, 0273 Oslo – Norway

Financial statements

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Line item in (usd) 01.01.2021 01.01.2022 01.01.2023
Assets N/A 125,252,000.00 184,467,000.00
Noncurrent Assets N/A 73,450,000.00 139,656,000.00
Property Plant And Equipment N/A 39,397,000.00 67,479,000.00
Other Noncurrent Receivables N/A 26,837,000.00 29,432,000.00
Current Assets N/A 51,802,000.00 44,811,000.00
Inventories N/A 6,227,000.00 18,824,000.00
Trade And Other Current Receivables N/A 13,820,000.00 1,171,000.00
Cash and cash equivalents 14,113,000.00 31,755,000.00 24,816,000.00
Equity 22,296,000.00 65,817,000.00 109,925,000.00
Issued Capital N/A 62,115,000.00 72,115,000.00
Retained Earnings N/A -1,390,000.00 25,497,000.00
Equity Attributable To Owners Of Parent N/A 59,304,000.00 97,609,000.00
Noncontrolling Interests N/A 6,513,000.00 12,316,000.00
Liabilities N/A 59,435,000.00 74,542,000.00
Noncurrent Liabilities N/A 16,302,000.00 48,112,000.00
Noncurrent Provisions N/A 16,302,000.00 24,563,000.00
Other Noncurrent Payables N/A 0.00 8,738,000.00
Deferred Tax Liabilities N/A 0.00 9,031,000.00
Longterm Borrowings N/A 0.00 5,500,000.00
Current Liabilities N/A 43,133,000.00 26,430,000.00
Trade And Other Current Payables N/A 29,996,000.00 20,751,000.00
Line item in (usd) 01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 106,463,000.00 146,066,000.00
Profit Loss From Operating Activities 57,343,000.00 87,108,000.00
Finance Costs 3,041,000.00 3,322,000.00
Profit Loss Before Tax 54,246,000.00 81,854,000.00
Income Tax Expense Continuing Operations 33,102,000.00 47,579,000.00
Profit (loss) 21,144,000.00 34,275,000.00
Profit Loss Attributable To Owners Of Parent 12,314,000.00 26,887,000.00
Profit Loss Attributable To Noncontrolling Interests 8,830,000.00 7,388,000.00
Line item in (usd) 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 21,144,000.00 34,275,000.00
Adjustments For Finance Costs N/A 2,038,000.00 2,444,000.00
Adjustments For Decrease Increase In Inventories N/A -2,649,000.00 -10,078,000.00
Adjustments For Depreciation And Amortisation Expense N/A 4,422,000.00 9,152,000.00
Adjustments For Provisions N/A 0.00 3,652,000.00
Adjustments For Unrealised Foreign Exchange Losses Gains N/A -364,000.00 1,418,000.00
Cash Flows From Used In Operations N/A 52,975,000.00 85,072,000.00
Cash Flows From Used In Operating Activities N/A 19,873,000.00 37,493,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 19,759,000.00 35,756,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 814,000.00 2,353,000.00
Cash Flows From Used In Investing Activities N/A -20,573,000.00 -38,109,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 0.00 11,000,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 5,833,000.00 13,079,000.00
Cash Flows From Used In Financing Activities N/A 18,342,000.00 -6,323,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 17,642,000.00 -6,939,000.00
Cash and cash equivalents 14,113,000.00 31,755,000.00 24,816,000.00

Please note that some sums might not add up.

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Capital markets information

ISIN

NO0011157232

LEI

984500AEEH2D2AK42C11

Sector

Energy

Industry Group

Energy

Industry

Oil, Gas & Consumable Fuels

Sub-Industry

Oil & Gas Exploration & Production

Listed Stock Exchange

Oslo Børs

Main Stock Exchange

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