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
******************
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.