NewMed Energy LP (OTCPK:DKDRF)

$ 3.11 0 (0%) Market Cap: 3.70 Bil Enterprise Value: 4.88 Bil PE Ratio: 7.07 PB Ratio: 2.12 GF Score: 81/100

Q1 2023 Newmed Energy LP Earnings Call Transcript

May 11, 2023 / 02:00PM GMT

Release Date Price: $3

Transcript

Noa Tasman

IRmedia - Moderator

Hi, everyone. Thank you for joining us today for the NewMed Energy first-quarter webinar. (Operator Instructions) As a reminder, this conference is being recorded.

I'm pleased to introduce Yossi Abu, the CEO of NewMed Energy. Yossi, you may begin. Good luck.

Yossi Abu

NewMed Energy LP - CEO

Thank you very much. Thank you, Noa. Thank you, everybody, for joining us for this call to review the financial results of the first quarter of 2023. And with your permission, we should start.

Basically, what we'll try to discuss today is -- we'll take you through status of the non-binding offer received by ADNOC and BP. Then, we'll discuss the first Q average production. It was really great quarter for us with 10.2 -- 2.86 BCM production in that quarter, highest record -- highest quarter earning. It's a record quarter earning for us for Q1, with $194 million with EBITDA and $121 million net profit.

We'll share with you the status of the Leviathan expansion and as well, the Aphrodite A-3 well, which we are -- we

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