Production hit top of guidance at 43,000 BOE/day, maintaining full-year range of 44,000‑47,000 BOE/day.
Q1 revenue $173M, net profit $13M, EBITDA $64M, operating cash flow $68M, but free cash flow negative $17M.
Net debt rose to $513M, up $30M QoQ; capital expenditure $71M, full‑year CapEx guidance increased to $163M.
Shares fell 4.2% post‑release to $27.4 despite analysts rating the stock undervalued with price targets $24.91‑$33.05.