Q1 2024 Preliminary Key Operational Results

S.N.G.N. Romgaz S.A.

26 April 2024

 

Report on Q1 2024 Preliminary Key Operational Results

Report date: April 26, 2024

Company name: S.N.G.N. ROMGAZ S.A.

Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130

Phone/fax no: 004-0374-401020 / 004-0269-846901

Fiscal Code: RO14056826

LEI Code: 2549009R7KJ38D9RW354

Trade Register registration number: J32/392/2001

Subscribed and paid in share capital: 385,422,400 RON

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

This report provides preliminary information on important operational indicators of Romgaz Group for the quarter ended March 31, 2024. The information on this report may undergo changes and may differ from those that will be published in the Q1 2024 report. The Q1 2024 preliminary consolidated financial results will be published on May 15, 2024.

Operational results

Main indicators	Q1   2023	Q2     2023	Q3     2023	Q4     2023	Q1    2024P	ΔQ1*  2024 (%)
Total hydrocarbon production (mln boe), of which:	8.00	7.41	7.32	8.24	8.36	4.56
Gross gas production (mln boe)	7.95	7.37	7.28	8.19	8.30	4.39
Gross gas production (mln cm)	1,236.7	1,146.6	1,131.7	1,273.5	1,291.0	4.39
Condensate production (mln boe)	0.046	0.044	0.046	0.052	0.062	32.46
Condensate production (tons)	5,617	5,322	5,544	6,232	7,440	32.46
Gas sold from domestic production (mln cm)**	1,301.7	1,048.0	1,032.0	1,142.9	1,208.4	-7.17
Electricity production (GWh)	323.0	174.5	143.9	321.1	263.8	-18.33
Invoiced UGS withdrawal services (mln cm)	1,114.9	42.5	2.3	583.1	947.7	-15.00
Invoiced UGS injection services (mln cm)	45.4	814.3	840.7	205.1	41.2	-9.25

        P - preliminary                           1 tone = 8.276 boe                       

     *  Q1 2024P vs Q1 2023                 1 bcm = 6.428571 mln boe

     ** including gas purchased from domestic production

Chief Executive Officer,

Răzvan POPESCU

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This report includes forward-looking statements, which include, without limitation, any statements preceded by, followed by or that include the words "may", "will", "would", "should", "expect", "intend", "estimate", "forecast", "anticipate", "project", "believe", "seek", "plan", "predict", "continue", "commit", "undertaking" and similar expressions or their negatives. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Group's control that could cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future and should not be taken as promises.

Reviewing forward-looking statements should carefully consider the foregoing remarks and other uncertainties and events, especially in light of the political, economic, social and legal environment in which the Group operates. Forward-looking statements contained in this report are valid only as at the date of this report. The Group expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any of such statements are based unless required to do so by any applicable regulatory regime.

 

END