Brief: Bluenord Sees To Re-Set Its Capital Structure In 2024

Bluenord ASA

20/02/2024 06:19

Feb 20 (Reuters) - Bluenord ASA  BNOR.OL :
    * ANNOUNCEMENT OF DISTRIBUTION POLICY FOR 2024 TO 2026 WITH
50 -
70% OF OPERATIONAL CASHFLOW INTENDED TO BE RETURNED TO
BLUENORD'S SHAREHOLDERS DURING PERIOD
    * SEES TO RE-SET ITS CAPITAL STRUCTURE IN 2024
    * RE-SETTING CAPITAL STRUCTURE TO INCLUDE REFINANCING OF
RESERVE
BASED LENDING FACILITY AND WHAT BLUENORD CURRENTLY ASSUMES WILL
BE FUTURE REPAYMENT OF BNOR14
    * SUBJECT TO COMPLETION OF TYRA II ACCORDING TO CURRENT
TIMELINE,
FIRST DISTRIBUTION IS EXPECTED TO BE MADE IN Q3 2024
    * Q1 PRODUCTION GUIDANCE: TOTAL 22.0 - 23.0 MBOEPD
    * Q2 PRODUCTION GUIDANCE: TOTAL 26.0 - 33.0 MBOEPD
    * Q3 PRODUCTION GUIDANCE: TOTAL 43.0 - 54.0 MBOEPD
    * Q4 PRODUCTION GUIDANCE: TOTAL 50.0 - 54.0 MBOEPD

Source text for Eikon:  ID:nWkr14Nb8q 
Further company coverage:  BNOR.OL 

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