Q3 2024 International Petroleum Corp Earnings Call Transcript

Nov 05, 2024 / 08:00AM GMT
William Lundin - International Petroleum Corp - President, CEO & Director

Okay, so welcome everybody to IPC's third quarter results update presentation. I'm William Lundin, the CEO and joining me in presenting this morning is Christophe Nerguararian our CFO I'll begin with the highlights and touch on the operational performance of our assets. Then pass it to Christophe for a more detailed overview of the financial numbers. Following that. We'll open up the floor to take questions which can be submitted via conference call or by the web.

So getting right into it in the highlights for the third quarter of this year, I PC delivered an average production of 45,000 barrels of oil equivalent per day, which is in line with the forecast range for the quarter. Our full year 2024 production guidance is maintained at 46 to 48,000 barrels of oil equivalent per day. On the operating cost front, the Q3 OpEx per BOE was $17.90.

Slightly below guidance. And we've taken the opportunity to revise our full year operating expenditure per BOE for this year at below $18 per BOE.

The organic

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot