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8
At the end of Q3 2015, the current debt of the Company is
US$350 million with cash as at end of the quarter of
US$160.0 million including US$100.0 million in short term
fixed deposits. The net debt is US$190.0 million.
The Company achieved Q3 2015 revenue of US$36.1
million (based on management accounts) a decrease of
18.3%, as compared to the previous quarter primarily due
to a lower oil price.
The Q3 2015 capital expenditure was US$ 37.6 million,
US$59 million was collected from Egyptian General
Petroleum Corporation during the Q3 2015.
Unaudited Consolidated Financial Highlights
4
Q3 2015
Q2 2015
% Change
Q3 2014
% Change
(Q3 2015
versus
Q2 2015)
(Q3 2015 versus
Q3 2014)
Revenue
36.1
44.2
-18.3%
80.4
-55.1%
Net Profit/(loss) from continuing operations
25.4
2.5
916.0%
10.3
146.6%
Exploration Capex
0.2
2.2
-90.9%
10.2
-98.0%
Development Capex
37.4
60.2
-37.8%
37.6
-0.6%
General and Administrative Expenses
5.2
4.8
8.3%
8.2
-36.6%
EBITDA
52.1
28.5
82.6%
50.5
3.2%
Working Capital
137.9
117.8
17.1%
258.0
-46.6%
Total Assets
940.0
950.3
-1.1%
965.5
-2.6%
Total Debt
5
350.0
350.0
0.0%
350.0
0.0%
Earnings/(loss) Per Share
(US$ cents)
7.8
0.8
916.0%
3.1
148.6%
Outstanding shares
(number of shares in millions)
358.5
358.5
0.0%
352.0
1.8%
F
INANCIALS
4
All figures are unaudited and based on management accounts and are in US$ millions unless otherwise specified.
5
Excluding fair value loss and unamortized initial transaction cost.