May 15, 2019 / 01:00PM GMT
Operator
Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Avance Gas Holding Ltd First Quarter 2019 Earnings Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, 15th of May, 2019.
I would now like to hand the conference over to your speaker today, Mr. Peder Simonsen. Please go ahead, sir.
Peder Carl Gram Simonsen - Avance Gas Holding Ltd - CFO & Interim CEO
Thank you. Thank you for dialing in to the first quarter 2019 earnings call. I'll start by going to Slide #4 with the key financial highlights. We achieved -- in line with a weak market, we achieved a weak TCE result of $11,000 for the quarter. And maintained low OpEx and G&A in line with our cost focus. The main event, I guess, is the subsequent event while we secured a $550 million refinancing of all our existing debts, which shows the strong support that we have from our bank in a challenging banking market. We are able to maintain our $22,500 cash breakeven rate, which would be the original cash
Q1 2019 Avance Gas Holding Ltd Earnings Call Transcript
Feb 12, 2024
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