Stock Quote: NKO | TSX: $2.28   -0.04

Apr 16, 2014 @ 16:00 ET

Creating value through the successful exploration and development of high impact plays.

Key Indicators

Financial

Financial Highlights

 

 

 

For The 3 Months Ended December 31,
(US$000’s except as indicated)

2013

2012

Change

Oil and natural gas revenue (1)

33,349

46,515

-28%

Funds from operations (2)

5,720

26,917

-79%

Funds from operations per share (2)

0.08

0.47

-83%

Net Income (loss)

(448,177)

(93,709)

378%

Net Income (loss) per/share (basic)

(6.17)

    (1.64)

912%

Weighted average shares outstanding (basic)

72,612,338

57,040,057

 27%

 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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.

Operations

For The 3 Months Ended December 31,

2013

2012

   %      

Gas production (Mcf/d)

105,869

 138,766

 -24%

 Oil production (Bbl/d)

757

993

 -24%

 Combined basis (Mcfe/d)(1)

110,409

 144,724

 -24%

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

3.28

 3.49

   -6%

Operating cash flow (US$000’s)(2)

 29,997

3,995

 -651%

Operating cash flow/netback (US$/Mcfe)(1)(2)

      2.23

2.90

   -23%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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.

7

Expenditures

Expenditures

(US$000’s)

 

Nine Months ended December 31, 2013

March 31, 2013

 

Exploration(1)                                 

168,085

317,776

 

Development

27,292

25,089

 

Total

195,377

342,865

 

(1) Includes acquisitions and amounts expensed in the statement of comprehensive income.

Reserves

Gross Reserves

2013 2012 %

Proved

 

   

  Crude Oil and NGL (Mbbl)

1,499

1,059

42%

  Natural Gas (MMcf)

554,774

205,901

169%

Total Proved (MMcfe)

563,768

212,255

166%

Total Probable (MMcfe)

257,441

165,060

56%

Total Proved plus probable (MMcfe)

821,209

377,315

118%

Landholdings

Landholdings As at December 31, 2013

(Acres)

# Blocks

Gross

Net

Bangladesh

3

533,213

359,201

Brazil 2  243,322  72,997

India

4

4,129,099

412,910

Indonesia

21

26,354,245

18,142,848

Kurdistan

0

-

-

Madagascar

1

4,160,715

3,120,536

Pakistan

4

2,450,460

2,450,460

Trinidad

7

1,646,618

1,213,834

Total

42

39,517,672

25,772,784

Developed Acreage

     

Bangladesh

2

7,471

6,607

India

3

114,361

19,653

Total

5

121,832

26,259

Total Acreage

42

39,639,504

25,799,043

 

Shares

Share Information

As at January 31, 2013

 

Shares outstanding

89,736,091

Options outstanding

3,609,022

Market capitalization

232 million

Indices

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