Oslo, 23 June 2025: BlueNord ASA («BlueNord» or the “Company”)’s results for the second quarter 2025 are scheduled, as per the Company’s current financial calendar, to be announced by the Company on 10 July 2025 and to be approved by the Board of Directors of the Company prior to such announcement. Due to the proximity of the contemplated bond offering and BNOR15 buy-back, as further described in a separate announcement from the Company today, BlueNord provides the following selected, preliminary and estimated figures related to the Company’s Q2 2025 results:
- Preliminary production for month-to-date June 2025: 44.5 mboepd of which 21.7 mboepd is from the base assets Dan, Gorm and Halfdan and c.22.8 mboepd is from the Tyra hub. Highest production seen from Tyra per 23 June 2025 is c.28 mboepd.
- Estimated and preliminary EBITDA for Q2 2025 of c. USD 131 million.
- Estimated and preliminary Operating Cash Flow for Q2 2025 of c. USD 53 million.
- Estimated and preliminary Cash on Balance Sheet per 23 June 2025 of c. USD 429 million
The Company provides this information based on the current status of completing its second quarter 2025 results and report. It is emphasised that the second quarter 2025 has not ended, and further that the Company has not completed all its financial reporting and related consolidation, review and control procedures. The estimates provided in this release are therefore subject to finalisation and change. Consequently, the second quarter 2025 results finally approved and released by the Company may deviate from the information included herein.
The information provided in this release includes certain alternative performance measures ("APMs"). These APMs are consistent with those used in the Company's annual and quarterly financial statements and reference is made to the Company's annual report for 2024 for definition and use of the APMs.
This information is considered to be inside information pursuant to Regulation EU 596/2014 (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication by Cathrine Torgersen, Chief Corporate Affairs Officer, BlueNord ASA at the time and date set out above.
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Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com
Forward looking information
This document contains forward-looking statements. All statements other than statements of historical fact included in this information are forward-looking statements. Forward-looking statements are current expectations and projections relating to the Company's financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target," "believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan," "project," "will," "can have," "likely," "should," "would," "could" and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the Company's actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which it will operate in the future.
The Company does not provide any guarantees that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. Readers should not place undue reliance on the forward-looking statements in this document. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.