Financial highlights |
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| 1H 2010 | 1H 2009 | Change | Turnover (US$mm) | 214.8 | 155.2 | 38.4% | Gross Profit (US$mm) | 97.0 | 20.5 | 373.2% | Profit/(Loss) Before Tax (US$mm) | 75.4 | (37.4) | - | Normalised Profit/(Loss) After Tax (US$mm)* | 54.5 | 0.626 | 8,606.1% | Net W.I. production (boepd)** | 20,397 | 22,964 | -11.2% | Realised oil price (US$/bbl) | 77.8 | 50.3 | 54.7% | Realised gas price (US$/mmbtu) | 5.2 | 4.6 | 13.0% |
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| *See note 3 of the interim financial statements **Working interest, including natural gas liquids |
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| Key highlights |
• Ebok development progressing; Phase 1 drilling approaching final stages and facilities upgrade at an advanced stage. • Ebok 8 water injection well has encountered an additional 100ft of oil pay in the LD1E sand. • Acquisition of OML 115 in Nigeria, expanding the core Ebok/Okwok area. • Strategic entry into East Africa, following the proposed acquisition of Black Marlin Energy Holdings Limited ("Black Marlin"). • Exploration drilling on Ebok deep establishes a working hydrocarbon system in the Biafra and Isonga reservoirs and confirms positive up dip potential on OML 115. • Strong financial position, with net debt of US$12.2 million - gearing of 2%. Analyst Presentation There will be a presentation to analysts at 9am BST in The Auditorium, Bank of America Merrill Lynch, 2 King Edward Street, London, EC1A 1HQ. The presentation will also be broadcast live at www.afren.com where the accompanying presentation will be available, and on playback from 12:00 pm. http://www.iii.co.uk/investment/...n:AFR.L&display=news&it=le ----------- Keine Kauf- oder Verkaufsempfehlung ! Do your own DD ! |