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Last 50.10 NOK
Change Today -1.90 / -3.65%
Volume 339.6K
DETNOR On Other Exchanges
Symbol
Exchange
OTC US
Berlin
Stockholm
As of 10:25 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

det norske oljeselskap asa (DETNOR) Snapshot

Open
52.25 NOK
Previous Close
52.00 NOK
Day High
52.25 NOK
Day Low
49.80 NOK
52 Week High
08/1/14 - 68.50 NOK
52 Week Low
12/9/14 - 27.60 NOK
Market Cap
10.2B
Average Volume 10 Days
542.8K
EPS TTM
-1.46 NOK
Shares Outstanding
202.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DET NORSKE OLJESELSKAP ASA (DETNOR)

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det norske oljeselskap asa (DETNOR) Details

Det norske oljeselskap ASA explores for, develops, and produces oil and gas on the Norwegian Continental Shelf. As of December 31, 2014, it had an estimated total net proven and probable reserve of 205.64 million barrels of oil equivalent. The company was formerly known as Pertra ASA and changed its name to Det norske oljeselskap ASA in November 2007. Det norske oljeselskap ASA was founded in 2001 and is headquartered in Trondheim, Norway.

507 Employees
Last Reported Date: 03/20/15
Founded in 2001

det norske oljeselskap asa (DETNOR) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $1.0M
Chief Financial Officer
Total Annual Compensation: $742.0K
Senior Vice President of Operations
Total Annual Compensation: $309.0K
Senior Vice President of Exploration
Total Annual Compensation: $461.0K
Senior Vice President of Drilling and Well
Total Annual Compensation: $162.0K
Compensation as of Fiscal Year 2014.

det norske oljeselskap asa (DETNOR) Key Developments

Det Norske Reports Unaudited Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Capital Expenditure Guidance for the Year 2015

Det Norske reported unaudited earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, revenues were USD 337 million against USD 74 million for the same period of last year. EBITDAX was USD 264 million against USD 54 million for the same period of last year. EBITDA was USD 239 million against USD 33 million for the same period of last year. EBIT was USD 122 million against USD 20 million for the same period of last year. Profit before taxes was USD 63 million against loss before taxes of USD 4 million for the same period of last year. Net profit was USD 7 million or USD 0.04 per share against USD 27 million or USD 0.19 per share for the same period of last year. Cash flow from operations was USD 43 million against USD 39 million for the same period of last year. Exploration expenditures and other intangible assets were USD 10,709,000 against USD 50,498,000 for the same period of last year. For the six months, cash inflow from operations was USD 324 million against cash outflow from operations of USD 41 million for the same period of last year. Net interest-bearing debt was USD 2,159 million against USD 839 million for the same period of last year. Operating revenues were USD 661 million against USD 100 million for the same period of last year. EBITDA was USD 495 million against USD 31 million for the same period of last year. Net result was USD 10 million against USD 25 million for the same period of last year. EPS was USD 0.05 against USD 0.18 for the same period of last year. EBIT was USD 202,609,000 against LBIT of USD 24,402,000 for the same period of last year. Profit before taxes was USD 144,340,000 against loss before taxes of USD 58,167,000 for the same period of last year. Exploration expenditures and other intangible assets were USD 31,914,000 against USD 69,316,000 for the same period of last year. For the quarter, total production was 58.4 mboepd. The company produced 5.3 (0.2) million barrels of oil equivalents (mmboe) in the second quarter of 2015. This corresponds to 58.4 (2.7) mboepd. For the six month, oil and gas production was 61.6 mboepd compared to 2.8 mboepd a year ago. For 2015, the company expects production cost of USD 8/boe to USD 10/boe and production of 58 mboepd to 63 mboepd. For 2015, CAPEX is expected to be between USD 950 million to USD 1,000 million and EXPEX between USD 115 million to USD 125 million. The capital expenditures for Phase 1 have been estimated at NOK 117 billion (2015 value). The expected recoverable resources from the Phase1 investments are estimated at between 1.4 and 2.4 billion barrels of oil equivalent. Full field capital expenditures are projected at between NOK 170 billion and NOK 220 billion (2015 value).

Det Norske Oljeselskap ASA, Q2 2015 Earnings Call, Jul 15, 2015

Det Norske Oljeselskap ASA, Q2 2015 Earnings Call, Jul 15, 2015

Det Norske Oljeselskap ASA Reports Unaudited Consolidated Financial and Production Results for the First Quarter Ended March 31, 2015

Det Norske Oljeselskap ASA reported unaudited consolidated financial and production results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating revenues of USD 324,178,000 against USD 25,923,000 for the same period of last year. Operating income was USD 80,912,000 against operating loss USD 43,924,000 for the same period of last year. Income before taxes was USD 81,166,000 against loss before taxes of USD 53,824,000 for the same period of last year. Net profit was USD 2,439,000 against net loss of USD 2,584,000 for the same period of last year. Profit after tax per share fully diluted was USD 0.11 against loss of USD 0.02 for the same period of last year. Net cash flow generate from operating activities was USD 280,884,000 against net cash flow used in operating activities of USD 80,037,000 for the same period of last year. EBITDA was USD 256 million against LBITDA of USD 2 million for the same period of last year. EBIT was USD 81 million compared to LBIT of USD 44 million for the same period a year ago. Property, plant and equipment amounted to USD 2,679 million compared to USD 591 million for the same period a year ago. Det norske produced 5.8 million barrels of oil equivalents ("mmboe") in the first quarter of 2015 compared to 0.3 million barrels of oil equivalents for the same period a year ago.

 

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Price/Book 1.3x
Price/Cash Flow 2.4x
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