EBITDA for the quarter reached a record US $8.12 million, up from US $0.24 million in the first quarter. Net profit for the quarter totaled US $ -1.36 million.
Oil production from the Coral field increased by 72% to 1 805 BOE/day compared to the first quarter, mainly due to the successful workovers on the Coral well #5. However, production is still volatile and shows a natural decline into the third quarter.
The exploration licenses in Brazil are still awaiting environmental approval from IBAMA to commence our seven high impact drilling prospects.
The continuing encouraging production from the company's first horizontal well, coupled with promising interpretation of our seismic data, supports our strategic decision to target technologically more challenging, but larger reservoirs. We will continue our strong focus on leasing and seismic, and we shot both vibroseis and traditional 3D seismic during the quarter. Pipeline throughput and marketing volumes remained firm during the quarter.
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