Söndag 6 Juli | 04:37:02 Europe / Stockholm
2025-06-23 14:32:04
Oslo, 23 June 2025: BlueNord ASA («BlueNord» or the "Company")'s results for the
second quarter 2025 are scheduled, as per the Company's current financial
calendar, to be announced by the Company on 10 July 2025 and to be approved by
the Board of Directors of the Company prior to such announcement. Due to the
proximity of the contemplated bond offering and BNOR15 buy-back, as further
described in a separate announcement from the Company today, BlueNord provides
the following selected, preliminary and estimated figures related to the
Company's Q2 2025 results:

· Preliminary production for month-to-date June 2025: 44.5 mboepd of which
21.7 mboepd is from the base assets Dan, Gorm and Halfdan and c.22.8 mboepd is
from the Tyra hub. Highest production seen from Tyra per 23 June 2025 is c.28
mboepd.
· Estimated and preliminary EBITDA for Q2 2025 of c. USD 131 million.
· Estimated and preliminary Operating Cash Flow for Q2 2025 of c. USD 53
million.
· Estimated and preliminary Cash on Balance Sheet per 23 June 2025 of c. USD
429 million

The Company provides this information based on the current status of completing
its second quarter 2025 results and report. It is emphasised that the second
quarter 2025 has not ended, and further that the Company has not completed all
its financial reporting and related consolidation, review and control
procedures. The estimates provided in this release are therefore subject to
finalisation and change. Consequently, the second quarter 2025 results finally
approved and released by the Company may deviate from the information included
herein.

The information provided in this release includes certain alternative
performance measures ("APMs"). These APMs are consistent with those used in the
Company's annual and quarterly financial statements and reference is made to the
Company's annual report for 2024 for definition and use of the APMs.

This information is considered to be inside information pursuant to Regulation
EU 596/2014 (MAR) and is subject to the disclosure requirements pursuant to MAR
article 17 and section 5-12 of the Norwegian Securities Trading Act. The
information was submitted for publication by Cathrine Torgersen, Chief Corporate
Affairs Officer, BlueNord ASA at the time and date set out above.

***


Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com

Forward looking information
This document contains forward-looking statements. All statements other than
statements of historical fact included in this information are forward-looking
statements. Forward-looking statements are current expectations and projections
relating to the Company's financial condition, results of operations, plans,
objectives, future performance and business. These statements may include,
without limitation, any statements preceded by, followed by or including words
such as "target,"  "believe," "expect," "aim," "intend," "may," "anticipate,"
"estimate,"  "plan," "project," "will," "can have," "likely," "should," "would,"
"could" and other words and terms of similar meaning or the negative thereof.
Such forward-looking statements involve known and unknown risks, uncertainties
and other important factors beyond the Company's control that could cause the
Company's actual results, performance or achievements to be materially different
from the expected results, performance or achievements expressed or implied by
such forward-looking statements. Such forward-looking statements are based on
numerous assumptions regarding the Company's present and future business
strategies and the environment in which it will operate in the future.
The Company does not provide any guarantees that the assumptions underlying the
forward-looking statements in this announcement are free from errors nor does it
accept any responsibility for the future accuracy of the opinions expressed in
this announcement or any obligation to update or revise the statements in this
announcement to reflect subsequent events. Readers should not place undue
reliance on the forward-looking statements in this document. The information,
opinions and forward-looking statements contained in this announcement speak
only as at its date, and are subject to change without notice. The Company does
not undertake any obligation to review, update, confirm, or to release publicly
any revisions to any forward-looking statements to reflect events that occur or
circumstances that arise in relation to the content of this announcement.

About BlueNord ASA
BlueNord is a strategically important European oil and gas company that
specialises in producing and developing energy resources, and in activities
which support the energy transition. The Company has a 36.8 percent interest in
the Danish Underground Consortium (DUC) that is responsible for oil and gas
production in the Danish North Sea. BlueNord is listed on the Oslo Stock
Exchange and trades under the ticker "BNOR". For further information, please
visit: www.bluenord.com.