Oslo, 8 May 2024: BlueNord ASA (“BlueNord” or the “Company”) has today published a company presentation for its non-deal roadshow in May 2024.
Key Highlights:
- Strong production from Base Assets expected to continue through 2024, supported by ongoing optimisation campaign and infill well programme
- Tyra volumes expected to ramp-up during Q3 2024, with plateau production expected to be reached in Q4 2024
- Distribution policy will see 50 to 70% of operating cashflow in 2024 to 2026 returned to shareholder
- First distribution to shareholders planned in 2024, with specific timing subject to Tyra operational performance
- RBL refinancing at advanced stage, expected to close in May 2024 with at least a USD 1.3 billion facility size
- Addressing BNOR14 the next step in BlueNord’s capital structure reset
The presentation is attached here and will also be made available at the Company's website www.bluenord.com
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Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com