Q4 2020 BW Energy Ltd Earnings Call Transcript
Welcome to this BW Energy presentation call, fourth-quarter 2020 and full year. This presentation will be hosted by CEO, Carl Arnet; our CFO, Knut Sæthre; and our Chief Operating Officer, Lin Espey.
I will take you through the first part, which is the highlights and the assets details. And then Knut will take over and take you through the financials, and a short summary. Then I move to the second slide. Please note, our disclaimer -- should be very quick to go through.
Moving on to slide 3, our highlights. Our EBITDA was $28 million based on two liftings completed in the quarter. We did a subsequent capital raise of $75 million in January 2021. And I'm happy to report that we have resumed project execution activities, and I will come back to that in more detail.
As I said, we completed two liftings and achieved 1.1 million barrels net BWE at an average price of $46 per barrel. The average daily production for the quarter was 13,500 barrels per day. And we are preparing for drilling of the Hibiscus extension exploration well before
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |