Lundin Petroleum AB (publ) announced earnings results for the fourth quarter of 2017. For the fourth quarter, the company the net debt position of the company at 31 December 2017 amounted to USD 3.9 billion resulting in available liquidity of USD 1.1 billion within its USD 5.0 billion reserve-based lending facility. Pre-tax exploration costs of approximately USD 31 million which will be charged to the income statement and offset by a tax credit of approximately USD 24 million. The company will recognize a net foreign exchange loss of approximately USD 69 million for the fourth quarter of 2017. The Norwegian Krone weakened against the US Dollar by approximately 3% and the Euro strengthened against the US Dollar by approximately 2% during the fourth quarter of 2017. The foreign exchange loss mainly relates to the revaluation of loan balances at the prevailing exchange rates at the balance sheet date.