Vår Energi ASA$VAR (-5,16 %) will publish its financial report for the third quarter of 2025 on Tuesday, October 21. Today, the company is providing updates on production, sales volumes and other relevant items.

Vår Energi's net production of oil, liquids and natural gas averaged 370 kboepd in the third quarter of 2025, an increase of 29% compared to the second quarter and an increase of 44% compared to the third quarter of 2024.

Vår Energi expects to reach around the middle of the production forecast of 330-360 kboepd for the full year 2025.

Production of around 430 kboepd is expected for the fourth quarter of 2025.

The production split in the third quarter was 74% oil and NGLs (liquids) and 26% gas.

The total production volume amounted to 34.1 million boe, while the sales volume in the quarter reached 30.5 million boe. The shortfall is mainly due to the timing of crude oil production in the quarter.

Vår Energi achieved a strong average realized price (volume weighted) of USD 68 per boe in the quarter.

The realized crude oil price was USD 69 per barrel.

The realized gas price of USD 73 per boe is the result of fixed price contracts and flexible gas sales agreements that allow for optimization of the indices.

The fixed-price contracts accounted for 18% of the gas volumes sold in the third quarter and were concluded at an average price of USD 90 per boe, which is significantly higher than the spot market reference price.

For the fourth quarter, fixed-price gas contracts accounted for 15% of volumes at a price of USD 78 per boe.

》Other items:《

Vår Energi's functional currency is NOK, while interest-bearing loans are denominated in USD and EUR.

The appreciation of the NOK in the third quarter of 2025 resulted in a net exchange rate gain of around USD 50 million.

However, the company expects higher depreciation per boe for the quarter as new fields come on stream.

》As previously announced, the following items impacted cash flow in the third quarter:《

Cash tax payments totaling around USD 530 million and a dividend payment for the second quarter of USD 300 million, which was paid in August.

The above information is based on a preliminary assessment of the Company's financial results for the third quarter of 2025 and is subject to change until the Company's final approval and publication of its financial statements.

Vår Energi ASA $VAR (-5,16 %) is pleased to announce an increase in both production and recoverable volumes from the Gjøa field (PL153) following the start-up of the Gjøa low pressure project.

The project has modified the compressor systems on the Gjøa platform, allowing the wells to operate longer and at higher production rates, which has resulted in an increase in remaining recoverable volumes.

Production from the Gjøa field increased by 6 thousand barrels of oil equivalent per day (kboepd) from 35 kboepd to 41 kboepd (gross) as a result of the start-up. In addition, the remaining recoverable volumes increased by a total of 6.3 million boe, which corresponds to an increase of around 25 %. The low-pressure project extends the economic production life of Gjøa by 2 to 3 years and has a payback period of less than 6 months.

Torger Rød, COO of Vår Energi, said:

"This is a great achievement. By using standard technology, we are not only increasing production and remaining recoverable volumes from the Gjøa field, but also extending the economic life of the other production fields Duva, Vega and Nova, which are connected to the Gjøa platform. This is a win-win situation for the production fields and the development projects in the greater Gjøa area."

The platform modifications enable flexible operation and are expected to increase production from all connected production fields. The project was carried out as part of a planned maintenance shutdown to minimize the impact on daily operations.

...just 3 months ago the 3rd milestone of 20k was reached earlier than expected, last month we also raised our personal year-end forecast from 23k-25k to 25k-28k and now, 1 month later, we are pleased to have to raise it again.

The new target is now 27k-30k and should the upper limit be reached here, the last 10k would be realized in just 6 instead of 10-12 months.

Some people may smile at this numerical example, but this is still a boring dividend portfolio 🤫

...but a quick look at the facts...

...September, even if it wasn't my strongest month, delivered average results in contrast to the past, but we probably owe that more to the April🍊 correction than to the usual course of events...

...for the year as a whole, as I mentioned at the beginning, things are still looking pretty good...

...and more than satisfactory over the entire term so far 🫠

Above all, however, because the currently forecast dividend value for 2026 is mathematically a good ~27% of the average annual investment amount or, to put it another way, this increases by a good ~27% on its own (without taking into account any increases/caps) 💪🏻

Which brings us to the topic of dividends...

...September was a good month and, despite the still modest portfolio value, brought us a monthly dividend of €275.42 net (gross €298.99) for a good reinvest 🤑

There was also a small change to the portfolio itself this month:

》🟢 Top 3

$3750 (-10,56 %) +35,19% (+74,45%)

$HSBA (-0,78 %) +9,41% (+23,42%)

$RIO (-3,36 %) +4,91% (+5,95%)

》🔴 Flop 3

$HAUTO (-0,74 %) -8,32% (+44,10%)

$BATS (-1,18 %) -6,64% (+80,26%)

$1211 (-4,45 %) +1,28% (-16,36%)

》Disposals

$PETR4 (-2,41 %)

$JEGP (-2,16 %)

》Additions

$DTE (+0,17 %)

$WINC (-2,31 %)

》Increased

$DTE (+0,17 %)

$VAR (-5,16 %)

All in all, a good look back at the future 📈

Wishing everyone a nice rest of Sunday and a good UPtober together ✌🏻

Vår Energi ASA $VAR (-5,16 %) announces that it has acquired TotalEnergies' interest $TTE (-2,5 %) in the Ekofisk PPF ("Previously Produced Fields") development project in license PL018F.

The Ekofisk PPF project is located in the greater Ekofisk area on the Norwegian Continental Shelf (NCS). The project will extend the production life of the Ekofisk area. The redevelopment will enable better reservoir development and higher production rates through the use of new completion and horizontal drilling technologies, which will lead to a significant increase in recoverable resources. The project includes four new subsea templates and 11 production wells connected to the Ekofisk Field Center.

The transaction increases Vår Energi's interest in the PPF project in license PL018F from 12.388% to 52.284%, strengthening the company's position in the greater Ekofisk area. The closing of the transaction is subject to the final investment decision for the PPF project and customary regulatory approvals, including the carve-out of the PL018F license from the PL018 license. The effective date is January 1, 2025.

The transaction will add estimated net proved and probable reserves of 38 million barrels of oil equivalent (mmboe) with a low operating cost per barrel and potential for further growth.

The final investment decision is expected to be made in the fourth quarter of this year, with production from the project expected to commence in late 2028.

Nick Walker, CEO of Vår Energi, commented: "The Ekofisk-PPF project is a strategic development that supports our ambition to maintain production levels of 350 to 400 thousand barrels of oil equivalent (kboepd) by 2030 and beyond. The transaction also supports our hub strategy by strengthening our presence in an area where we already have a presence and adding low-cost reserves with significant upside potential."

Production from the Equinor-operated Askeladd West field in the Barents Sea has started. Askeladd West will make an important contribution to maintaining the production level of the Snøhvit field.

The Askeladd West subsea gas field is an important step in the further development of the Snøhvit field. This highly profitable project expands the gross recoverable reserves by around 15 billion standard cubic meters of gas and will

and will ensure full utilization of the LNG plant in Hammerfest in the coming years.

Torger Rød, COO at Vår Energi $VAR (-5,16 %)said:

"We congratulate Equinor on the safe and successful start-up of Askeladd West. The field will add reserves of around 11 million barrels of oil equivalent net to Vår Energi and further strengthen our position as a major player in the Barents Sea. Norway is an important gas supplier to Europe and Vår Energi plays a significant role as one of the country's largest gas exporters."

I would like to start a completely new portfolio that will primarily revolve around dividends.

As a core I was thinking of $TDIV (-1,89 %)

Would you say this is a good core?

If not I would add $VHYL (-2,37 %) add.

Additionally I would like to have a CC ETF as a kind of support, probably $JEGP (-2,16 %) and or $SXYD (-0,63 %)

I would like to represent the NASDAQ with $EQQQ (-4,82 %) but I will represent it with $ASML (-5,06 %) and $2330 will be added.

Allianz $ALV (-0,68 %) and Munich Re $MUV2 (-0,74 %) I definitely want to include, but they are too expensive for me financially, so I was thinking of the $EXH5 (-0,99 %)

Oil shares are represented by $VAR (-5,16 %) and one more.

Do you have any recommendations?

I am thinking about $CVX (-2,7 %)
$EQNR (-4,1 %) and $PETR4 (-2,41 %)

I would also like renewable energies, but I'm not familiar with them.

Do you have any suggestions?

Becoming a defensive company $ULVR (+1,59 %)
$D05 (+0,42 %)
$O (-1,42 %) and of course $NOVO B (-3,44 %) Being.

$BATS (-1,18 %) I already have in a portfolio, would it be too much of a lump to add $MO (+0,63 %) to add to it?

I still have $KHC (-0,09 %) on the watchlist but the split is not going so well, would it be wise to start with a savings plan?

Apart from that $RIO (-3,36 %)
$NKE (-4,98 %)
$1211 (-4,45 %)
$SOFI (-10,55 %) and $HAUTO (-0,74 %) will be represented with smaller positions.

What is your opinion?

Would you improve anything?

What else would you add, especially in EE and defensive stocks?

Feedback is very important to me here, so far I have just been wandering aimlessly around the stock market without a fixed plan and strategy.

This is my first attempt to build something serious.

Greetings to all Getquins out there!

...here, in contrast to $PETR4 (-2,41 %) no liquidity/dividend problem in the short/medium or long term. In contrast to the nasty withholding tax, but you can easily and conveniently get it back 👍🏻

Hello everyone,

I am currently looking for 1 or 2 dividend stocks, what else do you have in your portfolios? I currently have $MUX (-4,15 %)
$HSBA (-0,78 %)
$VIG (-1,3 %)
$ISP (-1,98 %)
$VAR (-5,16 %)
$RIO (-3,36 %)
$NN (-0,3 %)
$KO (+0,18 %)

I'm looking for something that doesn't come from the commodities, insurance or banking sectors. I have possibly thought of $BATS (-1,18 %) thought of.

Thank you for your input.

PS: $PEP (+3,06 %) and $MCD (+0,18 %) I would not like to have as a dividend stock.

Hello my dear ones....now that my REHA has ended after 4 weeks and the rocky road ahead has begun, it's time to look further ahead and spend a little more time in the portfolio again...

🟢 Top 3 August

$HSBA (-0,78 %) +5,40 % (+10,64%)

$3750 (-10,56 %) +4,65% (+26,46%)

$RIO (-3,36 %) +3,69% (-1,73%)

🔴 Flop 3 August

$1211 (-4,45 %) -4,95% (-15,90%)

$VAR (-5,16 %) -1,45% (+4,79%)

$PETR4 (-2,41 %) +1,54% (-6,89%)

》Upgraded ✅️

$MUX (-4,15 %)

$IE000MMRLY96 (-3,81 %)

$VAR (-5,16 %)

...measured against August, things actually went quite well, including dividends, and April has long since been put to bed, even with Trump's whims...

...YTD and overall the figures continue to fit quite well and my high-yield dividend strategy continues to work even after all the capers.

A pro po dividends, there were € 107.21 gross and € 104.67 net last month, which corresponds to an increase YTD of 29.73 %, but on the other hand also represents one of my weaker months.

Compared to my portfolio value ~23100 € but still acceptable.

This month looks better again and with ~300 € dividends a good reinvest 🫠

A small drop of bitterness: contrary to my forecast, my FSA will be torn tomorrow and from then on, unfortunately, the ailing state system will also cash in again. But shit happens, I'm getting married next year and still have enough left for the further expansion of the story with a net dividend of ~€1700 this year, in contrast, I don't have to sell anything and so I see my portfolio easily in the 6-digit range within the next 4-5 years at the latest even with the wrecking ball (better late than never) 💪🏻

Another small component of this is my forecast increase for 2025...I had planned between 23-25k at the end of the year, but since things sometimes go well and develop differently than expected, I am now raising my target to 25-28k and am thus on a very good and realizable path.

With this in mind, here's to another month...📈

Vår Energi ASA $VAR (-5,16 %) has reached an important milestone ahead of schedule by achieving production of 400 thousand barrels of oil equivalent per day (kboepd). The company is also on track to produce around 430 kboepd in the fourth quarter of this year, fulfilling its strategy for transformative growth in 2025.

The higher than expected production level has been achieved as the Jotun FPSO at the Balder field continues to ramp up ahead of schedule, with peak production expected in September. In addition, other assets across the portfolio are also contributing with strong deliveries.

"This is a great achievement for the company and a testament to the hard work and dedication of Vår Energi's employees, our suppliers and partners. It demonstrates the strength of our operational capabilities and the momentum we are building by continuing to increase production. It also reflects the successful execution of our strategy to create long-term sustainable value for all our stakeholders," said Nick Walker, CEO of Vår Energi.

Vår Energi is achieving transformative growth in 2025, confirming its position as a leading pure-play E&P company on the highly attractive Norwegian Continental Shelf (NCS).

The company expects to reach the midpoint of its full-year production guidance of 330-360 kboepd and is on track to produce around 430 kboepd in the fourth quarter of this year.

Looking ahead, Vår Energi is aiming to achieve high value creation by 2030 and beyond. The company aims to maintain production in the range of 350 to 400 kboepd over time, supported by a robust portfolio of around 30 early-stage projects.

More than 10 of these projects are expected to receive a final investment decision this year, four of which have already been approved. In addition, Vår Energi continues to be one of the most active explorers on the NCS with three commercial discoveries this year.

The company is achieving significant value creation through reduced costs, a high quality and flexible investment program and incremental improvements across the operation. This provides resilience in a volatile business environment, strong cash flow generation and strengthens our long-term ability to pay dividends to shareholders.