Petrolia SE (DE:0PE) has released an update.
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Petrolia NOCO AS has reported a notable positive turn in its financials for the first quarter of 2024, with a net profit of NOK 5.7 million and revenues reaching NOK 218.9 million. This marks the company’s first profit, supported by a daily net production of 2,667 barrels of oil equivalent. Additionally, the quarter was marked by strategic moves including the awarding of two licenses and the commencement of an oil-sales agreement with Shell.
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