Key Indicators
Financial
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Financial Highlights |
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| For The 3 Months Ended December 31 | |||
| (US$000’s except as indicated) |
2012 |
2011 |
Change |
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Oil and natural gas revenue (1) |
46,515 |
74,789 |
-38% |
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Funds from operations (2) |
26,917 |
60,109 |
-55% |
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Funds from operations per share (2) |
0.47 |
1.16 |
-59% |
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Net Income (loss) |
(93,709) |
(40,405) |
+132% |
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Net Income (loss) per/share (basic) |
(1.64) |
(0.78) |
+110% |
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Weighted average shares outstanding (basic) |
57,040,057 |
51,603,054 |
+11% |
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(1) Oil and natural gas revenue is net of royalty expense and the government's share of profit petroleum. (2) Funds from operations and funds from operations per share are non-IFRS measures. Funds from operations is calculated as the cashflows from operating activities prior to the change in operating non-cash working capital, the change in long-term accounts receivable and exploration and evaluation costs expensed to the statement of comprehensive income. |
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Operations
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For The 3 Months Ended September 30 |
2012 |
2011 |
% |
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Gas production (Mcf/d) |
138,766 |
209,129 |
-34% |
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Oil production (Bbl/d) |
993 |
1,674 |
-41% |
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Combined basis (Mcfe/d)(1) |
144,724 |
219,171 |
-34% |
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Oil & gas price ($/Mcfe)(1) |
3.49 |
3.71 |
-6% |
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Operating cash flow (US$000’s)(2) |
3,994 |
48,886 |
-92% |
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Operating cash flow/netback (US$/Mcfe)(1)(2) |
2.93 |
3.21 |
-9% |
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(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. |
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Expenditures
Expenditures
| (US$000’s) | |||
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Nine Months Ended December 31,2012 |
March 31, 2012 |
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Exploration(1) |
164,108 |
317,776 |
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Development |
8,711 |
25,089 |
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Total |
173,819 |
342,865 |
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(1) Includes acquisitions and amounts expensed in the statement of comprehensive income.
Reserves
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Gross Reserves |
2012 | 2011 | % |
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Proved |
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Crude Oil and NGL (Mbbl) |
1,059 |
1,772 |
(40%) |
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Natural Gas (MMcf) |
205,901 |
771,966 |
(73%) |
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Total Proved (MMcfe) |
212,255 |
782,598 |
(73%) |
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Total Probable (MMcfe) |
165,060 |
424,983 |
(61%) |
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Total Proved plus probable (MMcfe) |
377,315 |
1,207,581 |
(69%) |
Landholdings
Landholdings As at December 31, 2012
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(Acres) |
# Blocks |
Gross |
Net |
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Bangladesh |
3 |
533,213 |
359,201 |
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India |
4 |
4,129,099 |
412,910 |
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Indonesia |
22 |
29,428,919 |
19,060,083 |
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Kurdistan |
- |
- |
- |
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Madagascar |
1 |
4,160,715 |
3,120,536 |
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Pakistan |
4 |
2,450,460 |
2,450,460 |
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Trinidad |
10 |
2,435,862 |
1,499,084 |
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Total |
44 |
43,138,267 |
26,902,273 |
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Developed Acreage |
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Bangladesh |
2 |
7,471 |
6,607 |
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India |
3 |
114,361 |
19,653 |
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Total |
5 |
121,832 |
26,259 |
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Total Acreage |
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43,260,099 |
26,928,532 |
Shares
Share Information
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As at December 31, 2012 |
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Shares outstanding |
70,215,911 |
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Options outstanding |
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Market capitalization |
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Indices |
S&P/TSX Composite, S&P/TSX Capped Energy |
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