Strong production of 46,800 boe/d (up 6% QoQ and above guidance)
Higher production leads to an EBIT of USD 55m (~15-20% above)
Strong cash flow in the quarter; net debt reduced from 240 to 161 USDm
Launches share buyback program
02 Nov 2021
Arctic FLASH: IPC - Net debt reduced by 33% in one quarter
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Arctic FLASH: IPC - Net debt reduced by 33% in one quarter
International Petroleum Corp. (British Columbia) (IPCO:OME), 0 | International Petroleum Corp. (British Columbia) (0V1L:LON), 0
- Published:
02 Nov 2021 -
Author:
Daniel Stenslet -
Pages:
6 -
Strong production of 46,800 boe/d (up 6% QoQ and above guidance)
Higher production leads to an EBIT of USD 55m (~15-20% above)
Strong cash flow in the quarter; net debt reduced from 240 to 161 USDm
Launches share buyback program