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BlueNord ASA Achieves Significant Reserves Growth in 2024

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An update from Norwegian Energy Company ASA ( (GB:0HTF) ) is now available.

BlueNord ASA reported an increase in its net Proven and Probable reserves to 194 mmboe by the end of 2024, driven by the successful discovery of the Harald East Middle Jurassic accumulation and strong operational performance. This achievement, marked by a 189% reserves replacement ratio, underscores the company’s robust production capabilities and future potential, enhancing its position in the energy sector.

More about Norwegian Energy Company ASA

BlueNord ASA is a European oil and gas company focused on producing and developing energy resources, with an emphasis on supporting the energy transition. The company holds a 36.8% interest in the Danish Underground Consortium, which manages oil and gas production in the Danish North Sea. BlueNord is publicly traded on the Oslo Stock Exchange under the ticker ‘BNOR’.

YTD Price Performance: -5.26%

Average Trading Volume: 1,011

Technical Sentiment Consensus Rating: Hold

Current Market Cap: NOK16.4B

Find detailed analytics on 0HTF stock on TipRanks’ Stock Analysis page.

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