Panoro Energy ASA (PESAF) Q4 2024 Earnings Call Transcript

Panoro Energy ASA (OTC:PESAF) Q4 2024 Earnings Call Transcript February 25, 2025 3:00 AM ET

Company Participants

John Hamilton – Chief Executive Officer

Conference Call Participants

Stephen Foucaud – Auctus Advisors
Christoffer Bachke – Clarksons Securities

John Hamilton

Good morning everyone. This is John Hamilton, Chief Executive Officer of Panoro Energy ASA. I’m joined today by my colleagues Qazi Qadeer and Richard Morton.

As a reminder, today’s conference call contains certain statements that are may be deemed to be forward-looking statements, which include all statements other than statements of historical fact. Forward-looking statements involve making certain assumptions based on the company’s experience and perception of historical trends, current conditions, expected future developments, and other factors that we believe are appropriate under the circumstances. Although we believe the expectations reflected in these forward-looking statements are reasonable, actual events or results may differ materially from those projected or implied in such forward-looking statements due to known or unknown risks, uncertainties and other factors.

So this is our Q4 Conference Call and for reference our announcement was released this morning. A copy is available on our website www.panoroenergy.com. Next slide please. As usual, the format of the presentation will be a number of slides presented and at the end participants can ask questions either by raising their hand. We will endeavor to answer all questions. You can also type a question into the frame as you can see there on the left and we’ll try to answer questions certainly unless the questions have already been answered by previous answer.

Next slide please. So we announced our results today. I think a very strong quarter, a very strong year with $106 million of revenue in Q4, $50 million of EBITDA and a net profit of $32 million in the quarter. Full year in the orange colors, just under 10,000 barrels a day