The company posted a loss of Skr501 million (US$78.45 million) for three-month period ended 30 September, improving significantly from last year’s third quarter loss of Skr1.39 billion.
However, revenue fell 44% to Skr293 million in the same period, on the back of lower production and a weaker US dollar.
Total oil production amounted to 383,700 barrels during the quarter, compared to 713,900 barrels for the same period last year.
