Q4 2020 BW Energy Ltd Earnings Call Transcript
Welcome to this BW Energy presentation call, fourth-quarter 2020 and full year. This presentation will be hosted by CEO, Carl Arnet; our CFO, Knut Sæthre; and our Chief Operating Officer, Lin Espey.
I will take you through the first part, which is the highlights and the assets details. And then Knut will take over and take you through the financials, and a short summary. Then I move to the second slide. Please note, our disclaimer -- should be very quick to go through.
Moving on to slide 3, our highlights. Our EBITDA was $28 million based on two liftings completed in the quarter. We did a subsequent capital raise of $75 million in January 2021. And I'm happy to report that we have resumed project execution activities, and I will come back to that in more detail.
As I said, we completed two liftings and achieved 1.1 million barrels net BWE at an average price of $46 per barrel. The average daily production for the quarter was 13,500 barrels per day. And we are preparing for drilling of the Hibiscus extension exploration well before
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