Interoil recorded an adjusted EBITDAx of USD 1.6 million in Q3 2017
OREANDA-NEWS. Interoil recorded an adjusted EBITDAx (EBITDA adjusted for exploration cost) of USD 1.6 million in Q3 2017 (Q2 2017: USD 1.2 million) on operating revenues of USD 4.1 million (Q2 2017: USD 3.5 million). Increased revenues and EBITDAx is a result of increased oil price and production, despite slightly reduced gas production, in addition to reduced administrative expenses. Net comprehensive loss came in at USD 1.8 million (Q2 2017: USD 2.3 million loss).
Detailed information on the operational and financial activities of Interoil is presented in Interoil's Q3 2017 Report enclosed.
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 60 people and is headquartered in Oslo.