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Astrid Mannion-Gibson

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Quantafuel releases its fourth quarter results

Quantafuel releases its fourth quarter results

Quantafuel today reported its fourth quarter results. Delayed positive cash flow from operations combined with required funding of ongoing and future projects have resulted in the need of a financing solution by mid Q2 2023. Meanwhile, there is good progress with Quantafuel’s pipeline projects.
Per 31stDecember 2022, Quantafuel ASA had a cash position of NOK 122 million. Due to the constrain