Stock Quote: NKO | TSX: $0.09   0.00

Aug 28, 2015 @ 15:59 ET

Focused on value generation in the D6 Block in India while maintaining optionality to benefit from exploration potential in its portfolio.

Key Indicators

Financial

Financial Highlights

 

 

 

Three Months ended June 30,

(US$000’s except as indicated)

2015

2014

Change

Oil and natural gas revenue

26,679

35,161

-24%

EBITDAX  18,863  25,852  -27%

 Net Income (loss)

 (29,306)  (54,943)  -47%

Net Income (loss) per/share (basic)

(0.31)

(0.59)

-48%

Weighted average shares outstanding (basic)

94,019,172

92,484,431 2%

Operations

Three Months ended June 30,

2015

2014

   %      

Gas production (Mcf/d)

104,499

 112,520

 -7%

Oil production (Bbl/d)

784

905

 -13%

 Combined basis (Mcfe/d)(1)

109,202

 117,950

 -7%

Oil & gas price ($/Mcfe)(1)

2.68

 3.28

   -18%

 

 

 

 

(1) Mcfe is derived by converting oil and condensate to natural gas in the ratio of 1 bbl:6 Mcf.

(2) Operating cash flow and operating netback are non-IFRS measures.  Operating cash flow is calculated as oil and natural gas revenues less royalties, profit petroleum and cash-portion of operating expense.

 

Expenditures

Expenditures

(US$000’s)

Three Months ended June 30,

2015

2014

 

Exploration                               

3,549

14,408

 

Development

11,229

5,479

 

Total

14,778

19,887

 

 

 

Reserves

Gross Reserves

March 31, 2015 March 31, 2014 %

Proved

 

   

 Crude Oil and NGL (Mbbl)

1,146

1,480

-23%

 Natural Gas (MMcf)

210,689

575,307

-63%

Total Proved (MMcfe)

217,565

584,187

-63%

Total Probable (MMcfe)

328,704

242,166

36%

Total Proved plus probable (MMcfe)

546,269

814,360

-33%

Government Payments

FOR THE YEAR ENDED 31 MARCH 2015

Currency: USD'000

Type of Payment National Government Local Government Total
Royalties 4,457 112 4,569
Bonus Payments - - -
License Payments and fees 203 - 203
(Other than routine nominal administrative fees)
Profit Petroleum 28,879 - 28,879
Income Tax 1,185 - 1,185
Other fiscal benefits to government
- Sales Tax / VAT 1,221 1,911 3,131
- Service Tax 230 - 230
- Others 27 44 71
Total 36,203 2,066 38,269

Shares

Share Information

As at August 13, 2015

 

Shares outstanding

94,019,172

Options outstanding

1,957,394

Market capitalization

9,401,917

Indices

S&P/TSX Composite, S&P/TSX Capped Energy