SECOND QUARTER REPORT - APRIL-
- Revenue amounted to
SEK 10,334 thousand (5,683). -
Operating loss amounted to
SEK -7,467 thousand
(-8,461).
- Net financial items amounted to
SEK 2,328 thousand (5,925). -
Unrealised changes in property values amounted to
SEK 2,931 thousand (-5,891). -
Result before tax amounted to
SEK -2,207 thousand (-8,426) and result after tax amounted toSEK -17,509 thousand (-8,669), corresponding toSEK -0.04 (-0.02) per share.
HALF YEAR REPORT - JANUARY-
- Revenue amounted to
SEK 17,647 thousand (10,562). -
Operating loss amounted to
SEK -15,149 thousand
(-11,770). -
Net financial items amounted to
SEK -46,479 thousand (1,142). -
Unrealised changes in property values amounted to
SEK 11,653 thousand (-17,330). -
Profit before tax amounted to
SEK -49,975 thousand (-27,958), and profit after tax amounted toSEK -11,107 thousand
(-25,412), corresponding toSEK -0.13 (-0.05) per share.KEY EVENTS during the reporting period JANUARY-
JUNE 2022 - On
3 March 2022 ,Crown Energy announced that the joint venture Block 2B offshore inSouth Africa has signed an agreement for a semi-submersible rig, Island Innovator, to drill a well at Gazania-1 byOctober 2022 . Crown Energy announced on21 April 2022 , that the second instalment ofUSD 8 million has been credited to the Company's account in accordance with the agreement for the disposal of the majority of its oil and gas assets signed on20 October 2021 . The total amount received in accordance with the agreement sinceOctober 2021 amounts toUSD 83 million .EVENTS after THE REPORTING PERIOD
- After the period end the Company has announced that the Island Innovator rig is mobilised and on its way to the drilling site.
CEO statement
Dear shareholders and investors,
During the second quarter of 2022,
ASSET DEVELOPMENT AND MANAGEMENT
During second quarter of 2022, sales revenue increased by 102% percent compared to the same period last year. That is both due to a 6 per cent increase in revenue nominated in local currency and the strengthening of Angolan kwanza to SEK. At the same time property costs for the reporting period have also increased and amounted to
ENERGY
Oil and gas prices remain at elevated levels given the uncertainty surrounding
During the quarter, there has been positive operational updates regarding
Business transition update
We are currently focusing on a small number of new and exciting investment opportunities in these new areas as we continue to be confident that they will provide great growth and financially rewarding opportunities for
CEO,
This disclosure contains information that
MORE INFORMATION
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https://news.cision.com/crown-energy/r/crown-energy--q2-report-january-june-2022,c3617102
https://mb.cision.com/Main/6587/3617102/1616895.pdf
https://mb.cision.com/Public/6587/3617102/96503da61874ca6d.pdf
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