Net income dropped 59% to Nkr6.22 billion ($1.19 billion), including merger costs of Nkr10.7 billion.
The company's oil and gas production came in at 1.818 million barrels of oil equivalent per day, a 4% increase from a year earlier and more than market expectations. That, and an oil price of about $100, helped send share prices up. "2007 was an important year, and this is a small milestone for us.
