Interim Financial Report Q3

In the 3rd quarter M Vest Energy had revenues of 172 MNOK from its licenses. Profit before tax was 53 MNOK, up from -8 MNOK in Q3 2021.

M Vest Energy AS has during the year become a fully integrated E&P company through the acquisition of working interests in Draugen (7,56%), Brage (4,4424%) and Ivar Aasen (0,8%). In addition to this the company owns a 5% working interest in the Polarled gas pipeline.

With high oil and gas prices driven by strong demand and a supply side that suffer from years of underinvestment, M Vest Energy is well positioned for the future.

Full interim financial report 2022 Q3: Interim financial report 2022 Q3