Announcement • Jun 16
Interoil Exploration and Production ASA to Report Fiscal Year 2025 Final Results on Jul 17, 2026 Interoil Exploration and Production ASA announced that they will report fiscal year 2025 final results on Jul 17, 2026 Board Change • May 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Independent Chairman Hugo Quevedo was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 07
Interoil Exploration and Production ASA, Annual General Meeting, Jun 30, 2026 Interoil Exploration and Production ASA, Annual General Meeting, Jun 30, 2026. New Risk • Dec 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$12m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-US$41m). Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (kr12.7m market cap, or US$1.25m). Reported Earnings • Aug 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: US$3.90m (down 27% from 2Q 2024). Net loss: US$3.94m (loss widened 14% from 2Q 2024). New Risk • Jun 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$9.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$9.2m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-US$32m). Earnings have declined by 7.6% per year over the past 5 years. Market cap is less than US$10m (kr36.8m market cap, or US$3.73m). Reported Earnings • Jun 17
Full year 2024 earnings released Full year 2024 results: Revenue: US$16.8m (down 13% from FY 2023). Net loss: US$13.8m (loss narrowed 3.5% from FY 2023). New Risk • Apr 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-US$31m). Earnings have declined by 6.7% per year over the past 5 years. Market cap is less than US$10m (kr29.2m market cap, or US$2.71m). Reported Earnings • Mar 02
Full year 2024 earnings released Full year 2024 results: Revenue: US$16.8m (down 13% from FY 2023). Net loss: US$13.8m (loss narrowed 3.5% from FY 2023). Announcement • Jan 13
Interoil Exploration and Production ASA, Annual General Meeting, Jun 30, 2025 Interoil Exploration and Production ASA, Annual General Meeting, Jun 30, 2025. Reported Earnings • Dec 01
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: US$2.82m (down 73% from 3Q 2023). Net loss: US$3.93m (loss widened 179% from 3Q 2023). Announcement • Sep 19
Interoil Exploration and Production ASA Announces CFO Changes Interoil Exploration and Production ASA announced the appointment of Mr. Pablo Creta as new Chief Financial Officer (CFO) of the Company following the resignation presented by Mr. Gonzalo Ricci. The appointment is effective September 19, 2024. Mr. Creta has a Bachelor degree from Universidad de San Andrés, Argentina, and a Master of Commerce degree from the University of New South Wales, Sydney, Australia. His professional experience includes positions in private equity and capital markets in Latin America and Australia. In addition, Pablo served for several years as both General Manager and CFO of the Company. Reported Earnings • Aug 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$5.35m (up 60% from 2Q 2023). Net loss: US$3.44m (loss widened 26% from 2Q 2023). New Risk • Jun 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$4.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.2m free cash flow). Share price has been highly volatile over the past 3 months (46% average weekly change). Negative equity (-US$16m). Minor Risks Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (kr128.3m market cap, or US$12.0m). Reported Earnings • Jun 05
First quarter 2024 earnings released First quarter 2024 results: Revenue: US$7.79m (up 206% from 1Q 2023). Net income: US$866.0k (up US$2.03m from 1Q 2023). Profit margin: 11% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$19m). Market cap is less than US$10m (kr44.7m market cap, or US$4.07m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$4.9m). Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Reported Earnings • Mar 03
Full year 2023 earnings released Full year 2023 results: Revenue: US$23.9m (up 26% from FY 2022). Net loss: US$15.7m (loss widened US$15.0m from FY 2022). New Risk • Jan 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr104.1m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$5.7m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-US$8.3m). Market cap is less than US$10m (kr104.1m market cap, or US$9.90m). Minor Risk Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Reported Earnings • Nov 30
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$10.5m (up 118% from 3Q 2022). Net loss: US$1.41m (down 266% from profit in 3Q 2022). New Risk • Nov 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$5.5m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-US$6.9m). Minor Risks Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (kr139.1m market cap, or US$12.5m). New Risk • Oct 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr108.7m (US$9.73m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$5.5m free cash flow). Negative equity (-US$6.9m). Market cap is less than US$10m (kr108.7m market cap, or US$9.73m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Reported Earnings • Aug 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$3.35m (down 42% from 2Q 2022). Net loss: US$2.73m (down 426% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Jul 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Negative equity (-US$4.1m). Minor Risks Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (kr164.9m market cap, or US$15.4m). Reported Earnings • May 31
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$2.54m (down 50% from 1Q 2022). Net loss: US$1.17m (down US$1.29m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • May 10
Interoil Exploration and Production ASA (OB : IOX) and Selva María Oil S.A. entered into binding term sheet to acquire five exploitation concessions located in the Province of Santa Cruz, Argentina from Echo Energy Plc for £1.725 million. Interoil Exploration and Production ASA (OB : IOX) and Selva María Oil S.A. entered into binding term sheet to acquire five exploitation concessions located in the Province of Santa Cruz, Argentina from Echo Energy Plc for £1.725 million on May 9, 2023. A cash consideration of an upfront payment of £0.075 million upon execution of the transaction documents and the balance of £0.75 million payable at Completion. A payment in kind of £0.4 million via transfer to Sellers of IOX shares at a subscription price of 1.15 NOK per share, to be made upon Completion. An additional contingent payment of up to £0.5 million. The transaction is subject to Sellers’ shareholder approval. Reported Earnings • Mar 04
Full year 2022 earnings released Full year 2022 results: Revenue: US$19.0m (up 50% from FY 2021). Net loss: US$155.0k (loss narrowed 89% from FY 2021). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr1.20, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 8x in the Oil and Gas industry in Norway. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 32% share price gain to kr1.21, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 8x in the Oil and Gas industry in Norway. Total loss to shareholders of 62% over the past three years. Reported Earnings • Dec 01
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: US$4.83m (up 46% from 3Q 2021). Net income: US$851.0k (up 425% from 3Q 2021). Profit margin: 18% (up from 4.9% in 3Q 2021). The increase in margin was driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Chairman Hugo Quevedo was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: US$5.76m (up 80% from 2Q 2021). Net income: US$836.0k (up 210% from 2Q 2021). Profit margin: 14% (up from 8.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 22% share price decline to kr1.53, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 10x in the Oil and Gas industry in Norway. Total loss to shareholders of 50% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: US$0.001 (up from US$0.01 loss in 1Q 2021). Revenue: US$5.06m (up 65% from 1Q 2021). Net income: US$121.0k (up US$2.07m from 1Q 2021). Profit margin: 2.4% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Chairman Hugo Quevedo was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: US$12.8m (up 43% from FY 2020). Net loss: US$902.0k (loss narrowed 94% from FY 2020). Revenue missed analyst estimates by 4.9%. Reported Earnings • Nov 17
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$3.32m (up 27% from 3Q 2020). Net income: US$162.0k (up US$2.68m from 3Q 2020). Profit margin: 4.9% (up from net loss in 3Q 2020). Reported Earnings • Aug 18
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$3.20m (up 408% from 2Q 2020). Net income: US$270.0k (up US$2.73m from 2Q 2020). Profit margin: 8.5% (up from net loss in 2Q 2020). Executive Departure • Aug 04
Director Mimi Berdal has left the company On the 28th of July, Mimi Berdal's tenure as Director ended after 7.1 years in the role. We don't have any record of a personal shareholding under Mimi's name. Mimi is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.08 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Jul 01
Full year 2020 earnings released: US$0.088 loss per share (vs US$0.12 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$8.95m (down 45% from FY 2019). Net loss: US$13.8m (loss widened 47% from FY 2019). Oil reserves Proven reserves: 2.06 MMbbls Combined production Oil equivalent production: 0.284 MMboe (0.329 MMboe in FY 2019) Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Mar 05
New 90-day high: kr1.80 The company is up 49% from its price of kr1.21 on 04 December 2020. The Norwegian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 11% over the same period. Reported Earnings • Feb 25
Full year 2020 earnings released: US$0.07 loss per share (vs US$0.094 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$9.40m (down 45% from FY 2019). Net loss: US$10.6m (loss widened 39% from FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 08
New 90-day high: kr1.61 The company is up 29% from its price of kr1.25 on 09 October 2020. The Norwegian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: kr1.55 The company is up 15% from its price of kr1.34 on 18 September 2020. The Norwegian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 6.0% over the same period. Reported Earnings • Dec 01
Third quarter 2020 earnings released: US$0.02 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$2.61m (down 37% from 3Q 2019). Net loss: US$2.52m (loss widened 66% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 29
New 90-day low: kr1.14 The company is down 43% from its price of kr2.00 on 30 July 2020. The Norwegian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 11% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: kr1.24 The company is down 27% from its price of kr1.70 on 15 July 2020. The Norwegian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 6.0% over the same period.