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Nostrum Oil & Gas said its operating earnings rose by 2.6% in the first quarter amid a modest rise in sales.
Ebitda for the three months through March increased to $58.7m, as sales rose 0.7% to $95.4m.
'The first quarter has been a solid quarter for production which has seen sales volumes grow quarter-on-quarter,' chief executive Kai-Uwe Kessel said.
'We now need to build on this and focus on delivering the results we hope for in the Northern part of the field.'
'The Schlumberger technical study remains ongoing and is expected to complete in the third quarter.'
At 9:27am: (LON:NOG) Nostrum Oil Gas Plc share price was -1.25p at 71.65p