Lundin reported a strong set of results with positive financial and operational performance. Edvard Grieg continued to underpin the business and its performance helped lift full-year production guidance up 2.5%. The company paid its first dividend and could double the payout in 2019. The major catalyst will be the start-up of Johan Sverdrup in 2019. The project remains on schedule and under budget. A full exploration programme in the second half of the year could firm up new growth options.