Forte Oil released its Q1 2017 results last Thursday.

Please find key highlights below:

·         Revenue of N33.00bn; up +19.9% q/q; down -7.3% y/y

·         Profit before tax of N2.05bn against a -N293m loss before tax in Q4 2016

·         Profit after tax of N1.88bn; up +1913% q/q; +97.5% y/y