The Oslo-listed explorer reported a lower net loss last year of Nkr39.2 million ($6.4 million), compared with Nkr201.7 million in 2012, although it suffered a reversal of Nkr1.4 million in the fourth quarter from a year-earlier profit of Nkr30.8 million.
The company said it is fully funded for its three-well drilling campaign this year, which includes the ongoing Langlitindenwildcat in the Barents Sea and Pil & Bue probe in the Norwegian Sea, where the Ivory prospect is also lined up for drilling in the fourth quarter.
Rocksource
