Petrolia is an oil and gas company. The exploitation is carried out mainly within the Norwegian Continental Shelf and then transported on a global level. The company has acquired several companies within the industry, specializing in offering advanced equipment for the oil and gas industry. In addition, it offers engineering services focused on the extraction process. The company was founded in 1997 and is headquartered in Oslo.
* Q1 EBITDA NOK 167m, 14% above ABGSCe * '26e production down 3%, '27e-'28e unchanged * Fair value range NOK 1.0-4.5 Q1 production 3.34 kboe/d, in line with ABGSCe Q1'26 production was 3.34 kboe/d, 1% above ABGSCe of 3.30 kboe/d. Revenue of NOK 244m ...
* We raise our '26 oil price estimate to USD 81/bbl (prev. 65). We reiterate our long-term oil price estimate for '27-'30 of USD 75/bbl. * We raise our '26/'27 gas price estimate to USD 14.6/11.0/mmBTU (prev. 9.0/8.5). We also raise our long-term gas...
* Strong A15 contribution, ’26e production up ~20% * Recent Brage updates imply ~NOK 0.35 uplift to NAV * Fair value range NOK 1.1-4.5 Q4 production 2.1 kboe/d vs. ABGSCe 2.2 kboe/d Q4'25 production was 2.1 kboe/d vs. ABGSCe 2.2 kboe/d, driven by slightly...
* Strong Q3 production of 2.9kboe/d vs. ABGSCe 2.4kboe/d* '26e EBITDAX up 3% on higher Brage production* Fair value range of NOK 1.2-4.5/shQ3: EBITDA NOK 122m vs. ABGSCe 85m due to overlift effectQ3 production was 2.9kboe/d vs. our estimate of 2.4kboe...
* Q2 below ABGSCe; revenues in line, but costs higher* Talisker adds NOK ~0.75/sh to NAV* Fair value range of NOK 1.2-4.5 (1.2-3.7)Q2 below ABGSCe; revenues in line, but costs higherPNO reported Q2 revenues of NOK 136m, in line with ABGSCe at NOK 134m...
Q1 figures above ABGSCe Minor underlying changes, applying our latest oil market view Fair value range of NOK 1.2-3.7 (1.2-3.8) Q1 figures above ABGSCe Q1 EBITDAX of NOK 118m was above our estimate of NOK 101m, mainly due to higher realised oil prices...