8 / 12
8
At the end of Q2 2015, the current debt of the Company
stood at US$350 million with cash as at end of the quarter
of US$151.3million including US$135.0 million in short
term fixed deposits. The net debt is US$198.7 million.
The Company achieved revenue of US$46.7 million (based
on management accounts) a decrease of 26.69%, as
compared to the corresponding period in 2014 primarily
due to a lower oil price.
The capital expenditure as at the end of Q2 2015 is
US$57.7 million. US$51 million was collected from EGPC
during the quarter.
Unaudited Consolidated Financial
Highlights
5
Q2 2015
Q1 2015
% Change
Q2 2014
% Change
(Q2 2015 versus Q1 2015)
(Q2 2015 versus Q2 2014)
Revenue
46.7
44.9
4.01%
63.7
-26.69%
Net Profit/(loss) from continuing operations
1.6
-12.4
-112.90%
32.1
-95.02%
Exploration Capex
5.3
11.2
-52.68%
24.9
-78.71%
Development Capex
52.4
27
94.07%
64.4
-18.63%
General and Administrative Expenses
5.8
4.4
31.82%
5.2
11.54%
EBITDA
28.8
24
20.00%
53.9
-46.57%
Working Capital
121
175.7
-31.13%
149.6
-19.12%
Total Assets
934.8
875.6
6.76%
876.8
6.61%
Total Debt
6
350
350
0.00%
271
29.15%
Earnings/(loss) Per Share
(US$ cents)
0.5
-3.8
-113.16%
9.8
-94.90%
Outstanding shares
(number of shares in millions)
358.5
358.5
0.00%
328.8
9.03%
F
INANCIALS
5
All figures are unaudited and based on management accounts and are in US$ millions unless otherwise specified.
6
Excluding fair value loss and unamortized initial transaction cost.