Pertra ASA Releases Q3 2006 Financial Results

This article originates from the news archive of Det norske.

15. November 2006

PERTRA ON TRACK

Today Pertra (”Pertra” or the ”Company”) (OSE: PERTRA) presented its Q3 2006 financial results. Total operating revenues in Q3 amounted to NOK 27.4 million.

The net loss was NOK 7.4 million. The result is in accordance with the Company’s plans and reflects purchase of geological data, exploration activities, and field development studies.

In October and November 2006 the Company has executed two offerings in a total amount of NOK 650 million. Both were oversubscribed. Following this, the Company now has approximately 1,400 shareholders. The share was listed on Oslo Stock Exchange (”Oslo Børs”) on 10 November with the ticker PERTRA.

Erik Haugane 2006CEO Erik Haugane comments,

”The Company is progressing well, and the development in our four operator licenses is as previously announced. Through financial and organizational improvements we have prepared the Company for new operator assignments, and the work related to APA 2006 has received much of our attention in Q3. The mapping indicates that much interesting exploration acreage still remains on the Norwegian Shelf. Through our considerable efforts invested in data acquisition and interpretation we feel confident that the acreage we have applied for will contribute to the Company’s continued progress”, 

  • To download the Q3 2006 Interim Report, click here.
  • The Q3 2006 Presentation may be viewed here.

This information is also published on Oslo Stock Exchange (”Oslo Børs”).

For details, contact:

  • Chairman of the Board Kaare M. Gisvold
    Phone: +47 90 04 92 89
  • CEO Erik Haugane
    Phone: +47 90 72 16 55
  • CFO Paul Hjelm-Hansen
    Phone: +47 92 80 55 30