Lundin Petroleum publishes Annual and Sustainability Reports for 2017
29 Marzo 2018 - 12:00AM
Lundin Petroleum publishes Annual and Sustainability Reports for
2017
Lundin Petroleum AB (Lundin Petroleum) is pleased to
announce that the Annual and Sustainability Reports for 2017 have
been published and are now available to download on
www.lundin-petroleum.com
2017 was an inflection year for Lundin Petroleum with record
high operating cash flow leading to free cash flow generation for
the first time since 2011. The exceptional operational performance
during 2017, combined with an improving macro environment, has
positioned the Company to start distributing cash dividends while
at the same time leaving capacity to continue to fund an active
organic growth strategy.
Sustainable value creation for Lundin Petroleum means developing
oil and gas in a responsible, economical and carbon efficient
manner. Efforts continued in 2017 to reduce emissions throughout
the operations, resulting in a carbon intensity level that is among
the lowest in our industry. The Sustainability Report provides
comprehensive information on how climate change and other
sustainability issues are part of Lundin Petroleum’s business model
to create sustainable long-term value.
Both reports are available to download from Lundin Petroleum’s
website. Shareholders who wish to receive a printed copy of the
annual report can request it on the website or by contacting us
directly on telephone +46 8 440 54 50 or email
info@lundin.ch
Lundin Petroleum is one of Europe’s leading
independent oil and gas exploration and production companies with
operations focused on Norway and listed on NASDAQ Stockholm (ticker
"LUPE"). Read more about Lundin Petroleum’s business and operations
at www.lundin-petroleum.com
For further information, please contact:
Alex BuddenVP
Communications & Investor RelationsTel: +41 22 595 10
19alex.budden@lundin.ch |
or |
Sofia AntunesInvestor
Relations OfficerTel: +41 795 23 60 75sofia.antunes@lundin.ch |
or |
Robert ErikssonManager,
Media CommunicationsTel: +46 701 11 26
15robert.eriksson@lundin-petroleum.se |
Forward-Looking Statements
Certain statements made and information contained herein
constitute "forward-looking information" (within the meaning of
applicable securities legislation). Such statements and information
(together, "forward-looking statements") relate to future events,
including the Company's future performance, business prospects or
opportunities. Forward-looking statements include, but are not
limited to, statements with respect to estimates of reserves and/or
resources, future production levels, future capital expenditures
and their allocation to exploration and development activities,
future drilling and other exploration and development activities.
Ultimate recovery of reserves or resources are based on forecasts
of future results, estimates of amounts not yet determinable and
assumptions of management.
All statements other than statements of historical fact may be
forward-looking statements. Statements concerning proven and
probable reserves and resource estimates may also be deemed to
constitute forward-looking statements and reflect conclusions that
are based on certain assumptions that the reserves and resources
can be economically exploited. Any statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or
phrases such as "seek", "anticipate", "plan", "continue",
"estimate", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions) are not statements of historical
fact and may be "forward-looking statements". Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. No assurance can be given that these expectations and
assumptions will prove to be correct and such forward-looking
statements should not be relied upon. These statements speak
only as on the date of the information and the Company does not
intend, and does not assume any obligation, to update these
forward-looking statements, except as required by applicable laws.
These forward-looking statements involve risks and uncertainties
relating to, among other things, operational risks (including
exploration and development risks), productions costs, availability
of drilling equipment, reliance on key personnel, reserve
estimates, health, safety and environmental issues, legal risks and
regulatory changes, competition, geopolitical risk, and financial
risks. These risks and uncertainties are described in more detail
under the heading “Risks and Risk Management” and elsewhere in the
Company’s annual report. Readers are cautioned that the foregoing
list of risk factors should not be construed as exhaustive. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Forward-looking statements are
expressly qualified by this cautionary statement.
Lundin Petroleum - Annual Report 2017 - en
Lundin Petroleum - Sustainability Report 2017 - en