The Oslo-listed minnow reported a quarterly net loss of Nkr8.2 million ($1.2 million), versus a reversal of Nkr23.5 million a year earlier, as its exploration expenses were cut 64% year on year to Nkr37.5 million.
However, Rocksource has estimated it will need to find between Nkr130 million and Nkr170 million to meet its funding commitment on the planned two-well drilling campaign, with possible sidetracks, in VNG-operated production licence 586 that hosts the pair of discoveries.
It
