Stock Quote: NKO | TSX: $0.18   0.02

Jul 28, 2015 @ 15:52 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

 

 

 

Twelve Months ended March 31,

(US$000’s except as indicated)

2015

2014

Change

Oil and natural gas revenue

121,088

129,402

-6%

EBITDAX  18,913  19,853  -5%

 Net Income (loss)

 (672,914)  (657,006)  2%

Net Income (loss) per/share (basic)

(7.19)

(8.67)

-17%

Weighted average shares outstanding (basic)

93,634,465

75,742,742 24%
 
Note 1:
EBITDAX to Funds from Operations Reconciliation

 

 

 

 EBITDAX

18,914

23,830

 

 Interest expense

 (14,227)

 (10,135)

 

 Restructuring costs

 (2,473)

(7,982)

 

Current income expense

 (1)

 7

 

 Funds from operations(2)

2,213 

5,719

 

(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

Three Months ended March 31,

2015

2014

   %      

Gas production (Mcf/d)

106,932

 115,628

 -8%

Oil production (Bbl/d)

840

954

 -12%

 Combined basis (Mcfe/d)(1)

111,972

 121,352

 -8%

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

12.02

 11.85

   1%

 

 

 

 

(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)

Twelve Months ended March 31,

2015

2014

 

Exploration                               

34,562

153,137

 

Development

29,737

38,085

 

Total

64,299

191,222

 

 

 

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 June 24, 2015

 

Shares outstanding

94,019,172

Options outstanding

2,241,431

Market capitalization

24,444,985

Indices

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