Q1 2019 Avance Gas Holding Ltd Earnings Call Transcript
Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Avance Gas Holding Ltd First Quarter 2019 Earnings Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, 15th of May, 2019.
I would now like to hand the conference over to your speaker today, Mr. Peder Simonsen. Please go ahead, sir.
Thank you. Thank you for dialing in to the first quarter 2019 earnings call. I'll start by going to Slide #4 with the key financial highlights. We achieved -- in line with a weak market, we achieved a weak TCE result of $11,000 for the quarter. And maintained low OpEx and G&A in line with our cost focus. The main event, I guess, is the subsequent event while we secured a $550 million refinancing of all our existing debts, which shows the strong support that we have from our bank in a challenging banking market. We are able to maintain our $22,500 cash breakeven rate, which would be the original cash
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