Brief: Total Gabon Q3 Net Income At 11.0 Million Dollars

TotalEnergies EP Gabon

12/11/2020 18:03

Nov 12 (Reuters) - TOTAL GABON SA  EGAB.PA :
    * Q3 REVENUE 95 MILLION USD
    * CASH FLOW FROM OPERATIONS AMOUNTED TO $19 MILLION IN Q3
2020,
DOWN 39% COMPARED TO Q2 2020
    * Q3 NET INCOME USD 11.0 MILLION
    * ON SEPTEMBER 21, 2020 SHAREHOLDERS' MEETING APPROVED
PAYMENT OF
A NET DIVIDEND OF $44.44 PER SHARE
    * Q3 AVERAGE TOTAL GABON CRUDE PRICE PER BARREL USD 41.3
    * SELLING PRICE FOR THE FIRST NINE MONTHS 2020 AVERAGED 33.6
$/B,
DOWN 46% COMPARED TO THE FIRST NINE MONTHS 2019
    * Q3 CRUDE OIL PRODUCTION FROM FIELDS OPERATED BY TOTAL
GABON 18.6
KB/DAY
    * PROJECT OF ASSETS DISPOSAL ANNOUNCED ON JULY 30, 2020 BY
COMPANY
CONTINUES TO PROGRESS
    * DIVIDEND WAS PAID IN AN EQUIVALENT AMOUNT OF EUR 37.70 PER
SHARE
BASED ON EUROPEAN CENTRAL BANK'S RATE OF $1.1787 FOR ONE EURO ON
SEPTEMBER 21, 2020
    * Q3 CRUDE OIL PRODUCTION FROM TOTAL GABON INTERESTS 25.3
KB/DAY
    * CAPITAL EXPENDITURE AMOUNTED TO $25 MILLION IN Q3 2020,
AND TO
$46 MILLION DURING FIRST NINE MONTHS 2020, DOWN 65% COMPARED TO
FIRST NINE MONTHS 2019
    * Q3 SELLING PRICE OF CRUDE OIL GRADE MARKETED BY TOTAL
GABON
INCREASED SHARPLY TO $41.3 PER BARREL, COMPARED TO Q2

Source text for Eikon:  ID:nBw428P4xa 
Further company coverage:  EGAB.PA 

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