Eurasia Drilling Company reported its 2013 fiscal year results in March 2014. Revenues increased 8% to US$3.5 billion while adjusted EBITDA rose 19% to US$940 million. The company drilled over 6 million meters during the year and increased its horizontal drilling by 50%. For 2014, Eurasia Drilling expects revenues to decline to US$3.05-3.1 billion due to currency fluctuations and rig redeployments, but maintains an EBITDA margin outlook of 26.7%.
This document provides an overview and financial guidance for Eurasia Drilling Company for 2014. Key points include:
- 2014 revenues are expected to be $3.05-3.1 billion, down from 2013 due to the ruble depreciation and increased rig redeployment. EBITDA margin is expected to be 26.7%.
- Onshore drilling activity is expected to decline for Rosneft but increase for Lukoil and Gazpromneft. Offshore contracts are expected to generate $1.2 billion in revenue.
- First half 2014 results saw revenues of $1.55 billion and EBITDA of $402 million, down from the prior year due to exchange rates and lower drilling volumes
EDC reported financial results for the first half of 2014, with revenues of $1.551 billion, down 8.5% from the previous year. EBITDA was $402 million, down 8.8%, and net income was $201 million, down 7.2%. Drilling volumes decreased 9.1% to 2.763 million meters due to the Russian ruble depreciation and increased rig redeployment. The company expects full year 2014 revenues of $3.05-3.1 billion and an EBITDA margin of 26.7%, with growing demand for complex drilling solutions in Russia.
Eurasia Drilling Company reported its first half 2013 results, with revenues of US$1.7 billion, EBITDA of US$441 million, and net income of US$217 million. Key highlights included an upgraded corporate credit rating, successful bond issuance, increased drilling volumes especially for horizontal wells, and consolidation of Iraqi operations. For 2013, the company expects continued revenue and profit growth from onshore and offshore drilling, supported by major customers Lukoil and Rosneft and expansion into complex drilling services.
The document provides a disclaimer and agenda for a presentation by Eurasia Drilling Company Ltd. Some key points:
- Eurasia Drilling is the largest onshore drilling company in Russia with a 29% market share in 2012, and largest offshore driller in the Caspian Sea.
- The presentation will discuss EDC's 2013 outlook, the drilling market, its operations, and financial performance.
- EDC has a strong market position in Russia and CIS with long-term contracts from major oil companies, and maintains a conservative financial policy with low debt levels.
Edc presentation 1_h-12_results_&_2012_fy_trading_update]Company Spotlight
Eurasia Drilling Company reported strong financial results for the first half of 2012, with revenues increasing 24% and net income growing 24%. The company increased its market share in the Russian drilling market to 29% and expects to meet or exceed its full-year guidance for revenue growth above 23% and EBITDA margin above 23.8%. Horizontal drilling volumes were up 13% in the first half compared to the previous year. The company continues to focus on mitigating production declines at mature fields through increased drilling, including more complex horizontal wells.
The document summarizes an analyst and investor day held by RusHydro in April 2015 in Moscow. It includes five sections:
1) Key highlights from 2014, including leadership changes, dividend policy updates, and acquisitions.
2) 2014 operating results, with generation down in some regions due to lower water levels.
3) 2014 financial results.
4) Updates on investments and development projects.
5) The company's priorities and expectations going forward.
The document provides an overview of RusHydro's 2014 performance and plans for the future.
Кузнецов Артем Александрович
Менеджер по маркетингу, ООО "УК Промышленно-металлургический холдинг"
Тема доклада: Тулачермет-Сталь - новый партнер для СМЦ
Engro Fertilizer Limited (EFERT) is expected to announce its 3QCY15 results on October 26th. The company is forecast to report a profit after tax of PKR 2.904 billion, up 36% year-over-year, due to availability of concessionary gas for its new plant. However, fertilizer sales volumes declined for products like urea, DAP, NP and NPK due to higher urea prices and delayed government subsidies. EFERT's gross margins are projected to increase to 42% on higher plant utilization and lower DAP sales costs.
This document provides an overview and financial guidance for Eurasia Drilling Company for 2014. Key points include:
- 2014 revenues are expected to be $3.05-3.1 billion, down from 2013 due to the ruble depreciation and increased rig redeployment. EBITDA margin is expected to be 26.7%.
- Onshore drilling activity is expected to decline for Rosneft but increase for Lukoil and Gazpromneft. Offshore contracts are expected to generate $1.2 billion in revenue.
- First half 2014 results saw revenues of $1.55 billion and EBITDA of $402 million, down from the prior year due to exchange rates and lower drilling volumes
EDC reported financial results for the first half of 2014, with revenues of $1.551 billion, down 8.5% from the previous year. EBITDA was $402 million, down 8.8%, and net income was $201 million, down 7.2%. Drilling volumes decreased 9.1% to 2.763 million meters due to the Russian ruble depreciation and increased rig redeployment. The company expects full year 2014 revenues of $3.05-3.1 billion and an EBITDA margin of 26.7%, with growing demand for complex drilling solutions in Russia.
Eurasia Drilling Company reported its first half 2013 results, with revenues of US$1.7 billion, EBITDA of US$441 million, and net income of US$217 million. Key highlights included an upgraded corporate credit rating, successful bond issuance, increased drilling volumes especially for horizontal wells, and consolidation of Iraqi operations. For 2013, the company expects continued revenue and profit growth from onshore and offshore drilling, supported by major customers Lukoil and Rosneft and expansion into complex drilling services.
The document provides a disclaimer and agenda for a presentation by Eurasia Drilling Company Ltd. Some key points:
- Eurasia Drilling is the largest onshore drilling company in Russia with a 29% market share in 2012, and largest offshore driller in the Caspian Sea.
- The presentation will discuss EDC's 2013 outlook, the drilling market, its operations, and financial performance.
- EDC has a strong market position in Russia and CIS with long-term contracts from major oil companies, and maintains a conservative financial policy with low debt levels.
Edc presentation 1_h-12_results_&_2012_fy_trading_update]Company Spotlight
Eurasia Drilling Company reported strong financial results for the first half of 2012, with revenues increasing 24% and net income growing 24%. The company increased its market share in the Russian drilling market to 29% and expects to meet or exceed its full-year guidance for revenue growth above 23% and EBITDA margin above 23.8%. Horizontal drilling volumes were up 13% in the first half compared to the previous year. The company continues to focus on mitigating production declines at mature fields through increased drilling, including more complex horizontal wells.
The document summarizes an analyst and investor day held by RusHydro in April 2015 in Moscow. It includes five sections:
1) Key highlights from 2014, including leadership changes, dividend policy updates, and acquisitions.
2) 2014 operating results, with generation down in some regions due to lower water levels.
3) 2014 financial results.
4) Updates on investments and development projects.
5) The company's priorities and expectations going forward.
The document provides an overview of RusHydro's 2014 performance and plans for the future.
Кузнецов Артем Александрович
Менеджер по маркетингу, ООО "УК Промышленно-металлургический холдинг"
Тема доклада: Тулачермет-Сталь - новый партнер для СМЦ
Engro Fertilizer Limited (EFERT) is expected to announce its 3QCY15 results on October 26th. The company is forecast to report a profit after tax of PKR 2.904 billion, up 36% year-over-year, due to availability of concessionary gas for its new plant. However, fertilizer sales volumes declined for products like urea, DAP, NP and NPK due to higher urea prices and delayed government subsidies. EFERT's gross margins are projected to increase to 42% on higher plant utilization and lower DAP sales costs.
- Berkh Uul JSC owns the Delgerkhan fluorspar mine in Mongolia, which was previously operated from 1954 to 2006.
- Firebird Management LLC, an experienced fund in Mongolia, acquired control of Berkh Uul in 2011 and has since conducted exploration, installed new management, and begun the process of restarting operations at the mine.
- Historical resources at the Delgerkhan mine are estimated at 6.6 million tonnes indicated and 3 million tonnes inferred, and infrastructure including underground development and shafts are already in place from prior operations.
The document is a presentation from Centerra Gold's 14th Annual NAMBC Investors Conference in October 2011 regarding investment opportunities in Mongolia. It summarizes Centerra's operations in Mongolia including its Boroo and Gatsuurt projects. Boroo has produced over 1.5 million ounces of gold since 2004. Gatsuurt is expected to extend Boroo's operating life by over 10 years. Centerra has over 1.8 million ounces of proven and probable reserves between the two projects and continues exploring its large land package in Mongolia.
The document is a prospectus for Atech Holdings Ltd regarding its acquisition of Fatfish Internet Pte Ltd and Fatfish Capital Ltd (together "Fatfish Group"). Key points include:
- Atech will acquire 100% of Fatfish Internet and 50% of Fatfish Capital for $18 million in new shares and options.
- Fatfish Group is an IT investments group focused on Southeast Asian startups and growth companies.
- The acquisition will change Atech's focus to IT investments in Southeast Asia and require it to recomply with ASX listing rules.
- Atech aims to grow Fatfish Group's existing e-commerce brands and assess new investment opportunities upon relisting.
Pakistan fertilizers - GIDC, adding up to the uncertainitiesAijaz Siddique
The document discusses the implications of a recent Sindh High Court ruling against the application of Gas Infrastructure Development Cess (GIDC) on natural gas consumed by industries. It outlines three possible scenarios for how the government may respond - keeping GIDC in place, removing it without retrospective refunds and lowering urea prices, or removing it retrospectively which would require large refunds to fertilizer companies. The author argues that retaining GIDC is most likely due to fiscal constraints, but some fertilizer stocks could experience short-term price fluctuations pending clarity on the issue.
The document summarizes a presentation by Victoria Oil & Gas (VOG) about its oil and gas assets and operations. Key points include: VOG has significant natural gas resources in Cameroon and Russia, with its Logbaba field in Cameroon poised to deliver first revenues in late 2010; Logbaba has over 300 feet of pay across two wells and testing showed production rates from 11-56 MMscf/d; VOG plans to install its own gas processing and pipeline to connect Logbaba to industrial customers; VOG's West Med field in Russia has over 1 billion barrels of prospective resources and is located near a supergiant gas field.
The daily equity report from Capitalstars Financial Research provides an overview of the Indian and global stock markets on September 25th, 2014. In India, the key indices ended flat amid choppy trading ahead of derivative contract expiries and a Supreme Court decision on coal blocks. Select metal and power stocks declined on the court's ruling. Asian markets closed mixed while European markets opened flat due to concerns over global growth and conflicts in Syria.
Prudential limits in sector exposure for housing finance companies (hf cs)GAURAV KR SHARMA
The Securities and Exchange Board of India issued a circular to increase the additional exposure limit for housing finance companies (HFCs) in the financial services sector for debt mutual funds from 10% to 15%. This was done to further the government's affordable housing goals under Pradhan Mantri Aawas Yojana. Now, debt mutual funds can have a maximum 25% sector exposure, with an additional 15% allowed for HFCs rated AA and above that are registered with the National Housing Bank, for a total HFC exposure of up to 25%. The changes were made to support the role of HFCs in affordable housing.
The document outlines the Aircraft (Investigation of Accidents & Incidents) Rules 2012 in India. It establishes an Aircraft Accident Investigation Bureau to investigate aircraft accidents, serious incidents, and incidents. The rules define key terms, the objectives of investigations, procedures for notification, investigation participation, evidence handling, and reporting systems. Penalties are also established for non-compliance with the rules.
- The Indian equity markets ended lower due to volatility in global markets and fears of foreign selling. Key indices like Sensex and Nifty fell 0.27-0.47%.
- Several companies saw their share prices decline, including M&M, Godrej Properties, Asian Paints, DLF, and Lupin. Meanwhile, SBIN and ONGC saw share price increases.
- Overall, the market trends were described as bullish but volatile, with recommendations to buy on dips. Support and resistance levels were provided for indexes like Nifty and Bank Nifty.
Daily agri commodity report by epic research limited of 05 december 2017Epic Research Limited
Epic Research is a supreme level financial advisory services provider firm .We enables traders to gain a quick overview of market performance by offering daily reports.
The best stock broker and share broker in India, Rudra Shares & Stock Brokers Ltd. is member of all the leading Equity & commodity exchanges in India, dealing in stocks, shares, commodity & currency serving clientele in 18 states through 225 business partners. Rudra Shares Positional Call Report which will brief about
Astron Paper Ltd
The Department of State’s June 2016 Visa Bulletin has announced major retrogression in the Final Action cut-off dates for India and China.
Specifically, in June 2016, India EB-2 Final Action cut-off date will retrogress to October 1, 2004, for the final issuance of immigrant visas. The India EB-2 Final Action cut-off date stood at November 22, 2008, in the May 2016 visa bulletin. Thus, India EB-2 Final Action cut-off date will retrogress by more than four (4) years in June 2016. India EB-3 will continue to move at the snail’s pace. The Final Action cut-off date for EB-3 India will move from September 1, 2004 to September 22, 2004.
- The Indian equity benchmark ended lower for the third straight session as investors turned cautious amid tensions in Iraq, although consumer durables shares rose due to higher gold prices.
- Power Finance Corporation received shareholder approval to raise up to Rs 44,000 crore through the issue of new securities.
- Shares of United Spirits dipped almost 8% as lenders to the struggling Kingfisher Airlines invoked shares of United Spirits that were pledged as collateral.
This order from the Supreme Court of India concerns two appeals related to nine foreigners who had entered India with valid passports and visas but were facing restrictions. The Court granted leave for the appeals. It noted that exit permits had been issued for the appellants to leave for their home countries shortly, making the appeals infructuous except for the condition that they not visit India for the next ten years. The Court clarified that any future visa applications would be considered on their merits without influence from the previous judgment. It also left open the issue of whether a prior High Court decision would apply to foreigners entering India with valid documents. The appeals were then disposed of.
Daily agri commodity report by epic research limited of 22 august 2017Epic Research
Epic research is a stock advisory firm serves with services like stock tips, mcx tips, intraday tips and more.We also offer daily market reports on different segments.
This document provides an overview of Entrée Gold Inc., including information on its projects in Mongolia and Nevada. It summarizes key details from a preliminary economic assessment for Entrée's Ann Mason copper-molybdenum project in Nevada, which outlined a proposed open-pit mine with an initial 24-year mine life and after-tax NPV of $1.11 billion using base case metal prices. The document also discusses Entrée's joint venture interest in the Oyu Tolgoi copper-gold mining complex in Mongolia, highlighting inferred resources attributable to Entrée of over 6 billion pounds of copper equivalent.
The document discusses exempted incomes under the Indian Income Tax Act of 1961. It covers:
1. Types of exempted incomes such as agricultural income, income of a partner from a firm, life insurance proceeds, interest from certain bonds.
2. Sections of the act that provide exemptions including sections 10, 11, 12, 13, which deal with incomes excluded from total income.
3. Classification of exempted incomes such as those absolutely exempt for all assessees, employees, and institutions. Detailed lists and explanations of exempted incomes are provided for each classification.
This document is an affiliation schedule from the Vermont Department of Taxes. It requires a principal Vermont corporation filing a combined corporate income tax return to identify:
1) Other members of the water's edge combined group that have nexus with Vermont.
2) Domestic affiliated organizations excluded from the combined group as non-unitary members that have nexus.
3) Affiliates excluded as qualified overseas business organizations, including their name, location, and federal employer identification number (if applicable). The corporation must indicate which of these have nexus with Vermont.
Entrée Gold presented information on its mining projects in Mongolia and Nevada. In Mongolia, it has a joint venture interest in the Hugo North Extension and Heruga deposits at Oyu Tolgoi. Hugo North Extension has indicated resources of 132 million tonnes grading 1.65% copper and inferred resources of 134 million tonnes grading 0.93% copper. Heruga has inferred resources of 1.8 billion tonnes grading 0.38% copper. In Nevada, Entrée's Ann Mason deposit has indicated resources of 873 million tonnes grading 0.29% copper and inferred resources of 1.1 billion tonnes grading 0.33% copper based on a preliminary economic assessment. The assessment estimated an after-tax
DrillingInfo: Striking Oil with Marketing SuccessAct-On Software
Reed Barrett, Marketing Manager at DrillingInfo, discusses DrillingInfo's implementation of the Act-On marketing automation platform. Some key points:
1) Prior to Act-On, DrillingInfo struggled with list management, email programs, and event integration. Act-On provided an easy implementation that yielded immediate results.
2) DrillingInfo uses Act-On for lead generation, database management, forms/landing pages, and WebEx integration. This has increased open rates, sales, and allowed DrillingInfo to measure marketing contribution.
3) Reed emphasizes that Act-On is user-friendly, integrates with Salesforce, and provides dedicated support - helping DrillingInfo send better emails
U.S. Oil And Gas Field Machinery And Equipment Market. Analysis And Forecast ...IndexBox Marketing
IndexBox Marketing has just published its report: “U.S. Oil And Gas Field Machinery And Equipment Market. Analysis And Forecast to 2020”.
The report provides an in-depth analysis of the U.S. oil and gas field machinery and equipment market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
- Berkh Uul JSC owns the Delgerkhan fluorspar mine in Mongolia, which was previously operated from 1954 to 2006.
- Firebird Management LLC, an experienced fund in Mongolia, acquired control of Berkh Uul in 2011 and has since conducted exploration, installed new management, and begun the process of restarting operations at the mine.
- Historical resources at the Delgerkhan mine are estimated at 6.6 million tonnes indicated and 3 million tonnes inferred, and infrastructure including underground development and shafts are already in place from prior operations.
The document is a presentation from Centerra Gold's 14th Annual NAMBC Investors Conference in October 2011 regarding investment opportunities in Mongolia. It summarizes Centerra's operations in Mongolia including its Boroo and Gatsuurt projects. Boroo has produced over 1.5 million ounces of gold since 2004. Gatsuurt is expected to extend Boroo's operating life by over 10 years. Centerra has over 1.8 million ounces of proven and probable reserves between the two projects and continues exploring its large land package in Mongolia.
The document is a prospectus for Atech Holdings Ltd regarding its acquisition of Fatfish Internet Pte Ltd and Fatfish Capital Ltd (together "Fatfish Group"). Key points include:
- Atech will acquire 100% of Fatfish Internet and 50% of Fatfish Capital for $18 million in new shares and options.
- Fatfish Group is an IT investments group focused on Southeast Asian startups and growth companies.
- The acquisition will change Atech's focus to IT investments in Southeast Asia and require it to recomply with ASX listing rules.
- Atech aims to grow Fatfish Group's existing e-commerce brands and assess new investment opportunities upon relisting.
Pakistan fertilizers - GIDC, adding up to the uncertainitiesAijaz Siddique
The document discusses the implications of a recent Sindh High Court ruling against the application of Gas Infrastructure Development Cess (GIDC) on natural gas consumed by industries. It outlines three possible scenarios for how the government may respond - keeping GIDC in place, removing it without retrospective refunds and lowering urea prices, or removing it retrospectively which would require large refunds to fertilizer companies. The author argues that retaining GIDC is most likely due to fiscal constraints, but some fertilizer stocks could experience short-term price fluctuations pending clarity on the issue.
The document summarizes a presentation by Victoria Oil & Gas (VOG) about its oil and gas assets and operations. Key points include: VOG has significant natural gas resources in Cameroon and Russia, with its Logbaba field in Cameroon poised to deliver first revenues in late 2010; Logbaba has over 300 feet of pay across two wells and testing showed production rates from 11-56 MMscf/d; VOG plans to install its own gas processing and pipeline to connect Logbaba to industrial customers; VOG's West Med field in Russia has over 1 billion barrels of prospective resources and is located near a supergiant gas field.
The daily equity report from Capitalstars Financial Research provides an overview of the Indian and global stock markets on September 25th, 2014. In India, the key indices ended flat amid choppy trading ahead of derivative contract expiries and a Supreme Court decision on coal blocks. Select metal and power stocks declined on the court's ruling. Asian markets closed mixed while European markets opened flat due to concerns over global growth and conflicts in Syria.
Prudential limits in sector exposure for housing finance companies (hf cs)GAURAV KR SHARMA
The Securities and Exchange Board of India issued a circular to increase the additional exposure limit for housing finance companies (HFCs) in the financial services sector for debt mutual funds from 10% to 15%. This was done to further the government's affordable housing goals under Pradhan Mantri Aawas Yojana. Now, debt mutual funds can have a maximum 25% sector exposure, with an additional 15% allowed for HFCs rated AA and above that are registered with the National Housing Bank, for a total HFC exposure of up to 25%. The changes were made to support the role of HFCs in affordable housing.
The document outlines the Aircraft (Investigation of Accidents & Incidents) Rules 2012 in India. It establishes an Aircraft Accident Investigation Bureau to investigate aircraft accidents, serious incidents, and incidents. The rules define key terms, the objectives of investigations, procedures for notification, investigation participation, evidence handling, and reporting systems. Penalties are also established for non-compliance with the rules.
- The Indian equity markets ended lower due to volatility in global markets and fears of foreign selling. Key indices like Sensex and Nifty fell 0.27-0.47%.
- Several companies saw their share prices decline, including M&M, Godrej Properties, Asian Paints, DLF, and Lupin. Meanwhile, SBIN and ONGC saw share price increases.
- Overall, the market trends were described as bullish but volatile, with recommendations to buy on dips. Support and resistance levels were provided for indexes like Nifty and Bank Nifty.
Daily agri commodity report by epic research limited of 05 december 2017Epic Research Limited
Epic Research is a supreme level financial advisory services provider firm .We enables traders to gain a quick overview of market performance by offering daily reports.
The best stock broker and share broker in India, Rudra Shares & Stock Brokers Ltd. is member of all the leading Equity & commodity exchanges in India, dealing in stocks, shares, commodity & currency serving clientele in 18 states through 225 business partners. Rudra Shares Positional Call Report which will brief about
Astron Paper Ltd
The Department of State’s June 2016 Visa Bulletin has announced major retrogression in the Final Action cut-off dates for India and China.
Specifically, in June 2016, India EB-2 Final Action cut-off date will retrogress to October 1, 2004, for the final issuance of immigrant visas. The India EB-2 Final Action cut-off date stood at November 22, 2008, in the May 2016 visa bulletin. Thus, India EB-2 Final Action cut-off date will retrogress by more than four (4) years in June 2016. India EB-3 will continue to move at the snail’s pace. The Final Action cut-off date for EB-3 India will move from September 1, 2004 to September 22, 2004.
- The Indian equity benchmark ended lower for the third straight session as investors turned cautious amid tensions in Iraq, although consumer durables shares rose due to higher gold prices.
- Power Finance Corporation received shareholder approval to raise up to Rs 44,000 crore through the issue of new securities.
- Shares of United Spirits dipped almost 8% as lenders to the struggling Kingfisher Airlines invoked shares of United Spirits that were pledged as collateral.
This order from the Supreme Court of India concerns two appeals related to nine foreigners who had entered India with valid passports and visas but were facing restrictions. The Court granted leave for the appeals. It noted that exit permits had been issued for the appellants to leave for their home countries shortly, making the appeals infructuous except for the condition that they not visit India for the next ten years. The Court clarified that any future visa applications would be considered on their merits without influence from the previous judgment. It also left open the issue of whether a prior High Court decision would apply to foreigners entering India with valid documents. The appeals were then disposed of.
Daily agri commodity report by epic research limited of 22 august 2017Epic Research
Epic research is a stock advisory firm serves with services like stock tips, mcx tips, intraday tips and more.We also offer daily market reports on different segments.
This document provides an overview of Entrée Gold Inc., including information on its projects in Mongolia and Nevada. It summarizes key details from a preliminary economic assessment for Entrée's Ann Mason copper-molybdenum project in Nevada, which outlined a proposed open-pit mine with an initial 24-year mine life and after-tax NPV of $1.11 billion using base case metal prices. The document also discusses Entrée's joint venture interest in the Oyu Tolgoi copper-gold mining complex in Mongolia, highlighting inferred resources attributable to Entrée of over 6 billion pounds of copper equivalent.
The document discusses exempted incomes under the Indian Income Tax Act of 1961. It covers:
1. Types of exempted incomes such as agricultural income, income of a partner from a firm, life insurance proceeds, interest from certain bonds.
2. Sections of the act that provide exemptions including sections 10, 11, 12, 13, which deal with incomes excluded from total income.
3. Classification of exempted incomes such as those absolutely exempt for all assessees, employees, and institutions. Detailed lists and explanations of exempted incomes are provided for each classification.
This document is an affiliation schedule from the Vermont Department of Taxes. It requires a principal Vermont corporation filing a combined corporate income tax return to identify:
1) Other members of the water's edge combined group that have nexus with Vermont.
2) Domestic affiliated organizations excluded from the combined group as non-unitary members that have nexus.
3) Affiliates excluded as qualified overseas business organizations, including their name, location, and federal employer identification number (if applicable). The corporation must indicate which of these have nexus with Vermont.
Entrée Gold presented information on its mining projects in Mongolia and Nevada. In Mongolia, it has a joint venture interest in the Hugo North Extension and Heruga deposits at Oyu Tolgoi. Hugo North Extension has indicated resources of 132 million tonnes grading 1.65% copper and inferred resources of 134 million tonnes grading 0.93% copper. Heruga has inferred resources of 1.8 billion tonnes grading 0.38% copper. In Nevada, Entrée's Ann Mason deposit has indicated resources of 873 million tonnes grading 0.29% copper and inferred resources of 1.1 billion tonnes grading 0.33% copper based on a preliminary economic assessment. The assessment estimated an after-tax
DrillingInfo: Striking Oil with Marketing SuccessAct-On Software
Reed Barrett, Marketing Manager at DrillingInfo, discusses DrillingInfo's implementation of the Act-On marketing automation platform. Some key points:
1) Prior to Act-On, DrillingInfo struggled with list management, email programs, and event integration. Act-On provided an easy implementation that yielded immediate results.
2) DrillingInfo uses Act-On for lead generation, database management, forms/landing pages, and WebEx integration. This has increased open rates, sales, and allowed DrillingInfo to measure marketing contribution.
3) Reed emphasizes that Act-On is user-friendly, integrates with Salesforce, and provides dedicated support - helping DrillingInfo send better emails
U.S. Oil And Gas Field Machinery And Equipment Market. Analysis And Forecast ...IndexBox Marketing
IndexBox Marketing has just published its report: “U.S. Oil And Gas Field Machinery And Equipment Market. Analysis And Forecast to 2020”.
The report provides an in-depth analysis of the U.S. oil and gas field machinery and equipment market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
This presentation illustrates the procurement process for Iraqi crude oil. NID Group acts as a Liaison for international oil companies with the Iraqi Ministry of Oil and its various organizations
The company aims to harness natural energy resources to support long-term economic growth and prosperity while caring for the environment. It wants to become a leading global energy company and reliable international supplier of hydrocarbons. LUKOIL is one of the world's largest oil and gas producers and refiners, serving customers in 30 countries. It employs over 150,000 people and aims to create value for shareholders through returns and asset appreciation.
Lukoil is the largest oil company in Russia and one of the largest in the world. It operates across the oil and gas value chain through exploration and production, refining, marketing and distribution, and petrochemicals. Some of Lukoil's main strengths include its vertically integrated business model, strong refining operations, and leading market position in Russia. However, it also faces weaknesses such as dependence on Transneft's pipeline system for transportation and dependence on Gazprom as its main gas customer.
LUKOIL is the largest oil company in Russia and one of the largest internationally. It was formed in 1991 and operates in oil exploration, production, refining, and marketing across 60 regions in Russia and over 40 other countries. LUKOIL aims to harness energy resources to support economic growth and social progress while ensuring environmental sustainability. Its vision is to become the largest oil and gas company globally by consistently growing its business and being a reliable international energy supplier.
Eurasia Drilling Company provides a disclaimer and confidentiality notice for materials presented at a conference in January 2013. The summary includes:
- The materials are confidential and for informational purposes only, not a prospectus or offer to invest.
- Forward-looking statements are based on current expectations and assumptions which are subject to risks.
- The information is subject to change and the company accepts no liability for any losses from use of the materials.
The document is a disclaimer and agenda for Eurasia Drilling Company Limited's Capital Markets Day on November 14, 2012. It provides an overview of EDC's history and growth since being acquired by LUKOIL in 2004. It discusses EDC's strategy at its 2007 IPO of focusing on organic growth, efficiency improvements, expanding its customer base and moving into new markets. The agenda outlines presentations on EDC's outlook and strategy, operations, financial performance and outlook.
Edc presentation dr_ultimate_oil_services_and_e&p_confCompany Spotlight
The document is a presentation by Eurasia Drilling Company Limited given at a conference in December 2012. It provides an overview of Eurasia Drilling, which is a leading onshore and offshore drilling company in Russia. Key points include that Eurasia has established a track record of profitable growth, has a quality rig fleet, and is well positioned to benefit from high growth in the Russian drilling market driven by the need to sustain oil production through increased drilling. The presentation outlines Eurasia's strategy and investment case for continued leadership, efficiency gains, and strong shareholder returns.
Falkland Oil and Gas presented their investor presentation for March 2015. They outlined their five well drilling program for 2015 targeting over 1.4 billion barrels of gross unrisked prospective resources. They hold interests in multiple licenses in the Falkland Islands and will begin drilling in March 2015 using the rig Eirik Raude. The presentation provided details on Falkland Oil and Gas' assets, drilling targets, and prospect inventory across their licenses in the Falkland Islands.
Falkland Oil and Gas presented their investor presentation for March 2015. They outlined their five well drilling program for 2015 targeting over 1.4 billion barrels of gross unrisked prospective resources. They hold interests in multiple licenses in the Falkland Islands and will start drilling in March 2015 using the rig Eirik Raude. The presentation provided details on the prospects to be drilled, including Zebedee, Isobel Deep, Jayne East, and Humpback, which is a potential high impact play opener.
Falkland Oil and Gas is the largest license holder in the Falkland Islands with interests in over 40,000 km2. They plan a five well drilling program in 2015 targeting over 1.4 billion barrels of gross unrisked prospective resources. The first well, Zebedee, will test prospects in the North Falkland Basin in March 2015. Subsequent wells will target large fans and fault blocks in the South and East basins, beginning with the Humpback prospect in the Diomedea Fan Complex in Q3 2015. Falkland Oil and Gas has identified multiple follow-on prospects across its licenses contingent on the results of the 2015 drilling program.
Falkland Oil and Gas is the largest license holder in the Falkland Islands with interests in over 40,000 km2. They plan a five well drilling program in 2015 targeting over 1.4 billion barrels of gross unrisked prospective resources. The first well, Zebedee, will test prospects in the North Falkland Basin in March 2015. Additional prospects include Humpback in the South Falkland Basin and Isobel Deep and Jayne East in the North Falkland Basin. Falkland Oil and Gas has identified significant exploration potential throughout its licensed areas and the 2015 drilling program aims to prove up this potential.
Falkland Oil and Gas is the largest license holder in the Falkland Islands with interests in over 40,000 km2. They plan a five well drilling program in 2015 targeting over 1.4 billion barrels of gross unrisked prospective resources. The first well, Zebedee, will test prospects in the North Falkland Basin in March 2015. Subsequent wells will target large fans and fault blocks in the South and East basins, beginning with the Humpback prospect in the Diomedea Fan Complex in Q3 2015. Falkland Oil and Gas has identified multiple follow-on prospects across its licenses contingent on the results of the 2015 drilling program.
The document provides information about Teranga Gold Corporation's second quarter 2013 results conference call, including:
- Teranga reported record gold production and revenues for Q2 2013.
- Costs per ounce were lower than the previous year and cash position improved.
- Teranga reaffirmed its 2013 production and cost guidance.
- An agreement was signed with the Senegalese government providing a long-term partnership and stable operating environment.
- Teranga made an offer to acquire Oromin Exploration and Joint Venture Group to increase production through integrating nearby deposits into its existing mill and infrastructure.
- The document provides an overview of GoviEx Uranium Inc., an Africa-focused uranium company with two permitted mine projects (Madaouela in Niger and Mutanga in Zambia) and an exploration project (Falea in Mali).
- GoviEx has large uranium mineral resources totaling over 230 million pounds of U3O8, with over 60% in the measured and indicated categories.
- The document outlines development strategies and timelines for the Madaouela and Mutanga projects, with production expected to start in 2024 and 2026 respectively. It also provides project location maps and summaries of mineral resources for each project.
- The document provides an overview of GoviEx Uranium Inc., an Africa-focused uranium company with two mine-permitted projects in Niger and Zambia, and an exploration project in Mali.
- GoviEx's key projects include the Madaouela project in Niger, which has probable reserves of 55 million pounds of U3O8, and the Mutanga project in Zambia, which had a preliminary economic assessment completed in 2017.
- The document discusses GoviEx's development strategy to advance its projects, the positive uranium market outlook with increasing demand and declining supply, and provides summaries of the mineral resources at each of its projects.
- GoviEx is an Africa-focused uranium company with two mine-permitted projects - Madaouela in Niger and Mutanga in Zambia.
- Madaouela has probable reserves of 55 million pounds of U3O8 and could enter production in 2024. Mutanga has resources totaling over 60 million pounds of U3O8 and could be in production by 2026.
- GoviEx is advancing these projects towards development to help meet growing demand for uranium and take advantage of anticipated higher uranium prices.
- GoviEx is an Africa-focused uranium company with two mine-permitted projects - Madaouela in Niger and Mutanga in Zambia. It aims to complete feasibility studies and accelerate project financing and offtake contracts.
- It has large uranium mineral resources totaling over 236 million pounds of U3O8, with more than 60% in the measured and indicated categories.
- GoviEx also has exploration potential at its projects and the Falea project in Mali offers exploration upside for uranium, gold, copper and silver.
- GoviEx is an Africa-focused uranium company with mining-licensed projects in Niger and Zambia and exploration projects in Mali.
- It has large uranium mineral resources totaling over 157 million pounds of U3O8, with over 60% in the measured and indicated categories.
- The company is focused on advancing its flagship Madaouela project in Niger, optimizing costs and pursuing debt and offtake agreements, while also exploring future production and resource growth opportunities across its project pipeline.
GoviEx Uranium is an Africa-focused uranium company with large uranium resources across three countries - Niger, Mali, and Zambia. It has over 60% of its resources in the measured and indicated categories totaling over 150 million pounds of U3O8. The company is focused on advancing its flagship licensed Madaouela project in Niger towards production while exploring opportunities to optimize costs and pursue financing. It aims to help address an impending uranium supply deficit as demand is expected to increase from nuclear power plants.
- GoviEx is an Africa-focused uranium company with two permitted mine projects - Madaouela in Niger and Mutanga in Zambia.
- It has large uranium mineral resources totaling over 236 million pounds of U3O8, with over 60% in the measured and indicated categories.
- The company's development strategy is to advance these projects through feasibility studies and into production to help meet the growing demand for uranium expected in the coming years.
- GoviEx is an Africa-focused uranium company with two permitted mine projects - Madaouela in Niger and Mutanga in Zambia.
- It has large uranium mineral resources totaling over 236 million pounds of U3O8, with over 60% in the measured and indicated categories.
- GoviEx's development strategy is to complete feasibility studies and accelerate project financing and offtake contracts to bring the projects into production by 2024-2026, as the uranium market moves into deficit.
Equinox Gold is a Canadian mining company with seven operating gold mines and construction underway at an eighth site, a multi-million-ounce gold reserve base and a clear path to achieve one million ounces of annual gold production from a pipeline of development and expansion projects. Equinox Gold operates entirely in the Americas, with two properties in the United States, one in Mexico and five in Brazil. Equinox Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol EQX. Further information about Equinox Gold’s portfolio of assets and long-term growth strategy is available at www.equinoxgold.com or by email at ir@equinoxgold.com.
GoviEx Uranium Inc. is an Africa-focused uranium company with two mine-permitted projects - the Madaouela Project in Niger and the Mutanga Project in Zambia. It aims to advance these projects through simplified feasibility studies and project financing to accelerate development. GoviEx has large uranium mineral resources totaling over 236 million pounds of U3O8, with over 60% in the measured and indicated categories. It also has exploration potential at its projects and the Falea Project in Mali covers uranium, gold, copper and silver.
- GoviEx Uranium is an Africa-focused uranium company with two mine-permitted projects - Madaouela in Niger and Mutanga in Zambia. It aims to complete feasibility studies and accelerate project financing and offtake contracts to bring the projects to production.
- The company has large uranium mineral resources totaling over 236 million pounds of U3O8, with over 60% in the measured and indicated categories. It also has exploration potential at its projects and owns the Falea uranium project in Mali.
- The company's projects are located in mining-friendly jurisdictions in Niger, Zambia and Mali that support uranium mining and production.
Presentation Clayton Valley, NevadaFrom Drilling to PEA in under 2 YearsCompany Spotlight
The document summarizes Cypress Development Corp's Clayton Valley lithium project in Nevada. Key points include:
- A Preliminary Economic Assessment shows promising economics including a 32.7% IRR and $1.45 billion NPV.
- Measured and indicated resources total 8.9 million tonnes LCE with additional inferred resources.
- The project has the potential for low-cost production due to favorable geology and metallurgy.
- Upcoming catalysts in 2019 include a metallurgical study and prefeasibility study to further de-risk the project.
Aben Resources has made a new high-grade gold discovery at its flagship Forrest Kerr project in BC's Golden Triangle region. The region is known for major gold deposits and saw $100 million in exploration spending in 2017. Recent improvements have made the Forrest Kerr project more accessible via new roads. Aben's technical team has reinterpreted historical data and identified additional exploration targets. The project covers over 23,000 hectares of prospective geology along the Forrest Kerr fault zone that is similar to other major deposits in the Golden Triangle.
Aben Resources has discovered high-grade gold zones at its Forrest Kerr project in British Columbia's Golden Triangle. The first hole of the 2018 drill program intersected four separate high-grade gold zones within 190 metres, including 331.0 g/t Au over 1.0 metre. Aben plans to expand drilling at the Boundary North Zone and test other gold anomalies identified through soil sampling. The company also holds the Justin project in Yukon and Chico project in Saskatchewan near recent discoveries.
Cypress Development Corp. owns lithium claims in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. A preliminary economic assessment found the project could have a 32.7% IRR and $1.45 billion NPV. The project would extract lithium from claystone using leaching and have average annual production of 24,042 tonnes of lithium carbonate over 40 years. Capital costs are estimated at $482 million to build a 15,000 tonne per day operation.
The document discusses Aben Resources Ltd., a gold exploration company with projects in British Columbia's Golden Triangle region and other areas of Western Canada. It provides an overview of Aben's management team and directors, flagship Forrest Kerr project, recent drilling results showing new high-grade gold discoveries, and its strategy to advance exploration through 2018. The document also briefly outlines Aben's other projects including the Chico gold project in Saskatchewan and Justin gold project in Yukon.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters thick. A maiden resource estimate calculated 3.287 million tonnes of lithium carbonate equivalent in the indicated category and 2.916 million tonnes LCE in inferred. Metallurgical tests show the claystone is acid leachable and able to recover over 80% of the lithium. Cypress plans additional drilling, engineering studies, and permitting to advance the project towards production.
- Aben Resources has three highly prospective gold projects in Western Canada including its flagship Forrest Kerr Project in BC's Golden Triangle region, which had recent drilling success expanding the Boundary North Zone.
- Management has over 100 years of combined experience in Western Canada and a proven track record of success.
- The projects have significant historic work identifying high-grade gold and robust discovery potential remains.
Cypress Development Corp. owns the Clayton Valley lithium project in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging 921 ppm Li over 77 meters. A maiden resource estimate classified over 1.3 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is leachable with over 80% lithium recovery. Cypress aims to advance the project with engineering studies and further drilling to define resources with the goal of becoming a domestic lithium producer for the growing battery market.
The document provides forward-looking statements and discusses risks associated with such statements. It notes that some statements may be deemed forward-looking and lists factors that could cause actual results to differ from forward-looking statements. The document also identifies the qualified person for the technical information as Cornell McDowell and provides Aben's trading symbols and recent share information.
The document provides an overview of Aben Resources Ltd., a mineral exploration company with gold projects in Western Canada. It summarizes Aben's three key projects - Forrest Kerr in BC's Golden Triangle region with recent drill results discovering the Boundary Zone, Chico in Saskatchewan near producing mines, and Justin in Yukon's White Gold district. It outlines the management team's expertise and provides company details like shares outstanding and trading symbols.
- Cypress Development Corp owns the Clayton Valley lithium project in Nevada located near Albemarle's Silver Peak lithium brine operation.
- Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes drilled.
- Metallurgical tests show the claystone is acid leachable with over 80% lithium extraction possible.
- Cypress aims to define a resource estimate in 2018 and advance the project with feasibility studies to develop a lithium operation.
The document discusses forward-looking statements and provides disclaimers about them. It introduces the qualified person for the technical information presented. It also lists Aben's trading symbols and recent share information including price and market capitalization.
1) Cypress Development Corp owns the Clayton Valley lithium project located next to Albemarle's Silver Peak mine in Nevada. Drilling in 2017 intersected lithium-bearing claystone averaging over 900 ppm Li to a depth of over 100 meters.
2) A maiden resource estimate classified over 1.5 million tonnes of lithium carbonate equivalent as indicated and inferred. Metallurgical testing shows the claystone is acid leachable to extract over 80% of the lithium.
3) The project is located in a strategic location to supply the growing lithium-ion battery market in the US, with lithium demand accelerating due to the increased production of electric vehicles globally.
TerraX Minerals is a Canadian mineral exploration company focused on exploring and developing its 100% owned 772 square km Yellowknife City Gold project located adjacent to the city of Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts and has had multiple high-grade gold discoveries. TerraX has a strong management team with experience discovering and developing gold deposits and low exploration costs due to the project's excellent infrastructure and year-round access near Yellowknife.
This document discusses forward-looking statements and provides information about Aben Resources Ltd., including its stock symbols, shares outstanding, recent share price, market capitalization, and three gold exploration projects in Western Canada. It summarizes the management team's experience and the company's investment highlights. Specifically, it owns the Forrest Kerr gold project in British Columbia's Golden Triangle region, which saw successful drilling results in 2017 that led to a new discovery called the North Boundary zone.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered lithium mineralization averaging 921 ppm Li over 77 meters in 14 holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, process engineering, and a preliminary economic assessment in 2018 to advance the project. The company sees potential for the project given growing lithium demand from electric vehicles and batteries.
TerraX Minerals is a Canadian mineral exploration company focused on exploring its 100% owned 772 square km Yellowknife City Gold project located near Yellowknife, Northwest Territories. The project covers high-grade Archean gold districts with known deposits and past producers. TerraX has made multiple high-grade gold discoveries on the property and identified several high-priority targets for further exploration and drilling. The company has a strong management team with experience discovering and developing deposits in the region.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada that have the potential to be a significant lithium resource. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical testing shows the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to further define the resource potential.
Cypress Development Corp owns lithium claystone deposits in Clayton Valley, Nevada near Albemarle's Silver Peak lithium mine. Drilling in 2017 encountered mineralization averaging 921 ppm lithium over 77 meters thick in 14 drill holes. Metallurgical tests show the claystone is acid leachable with up to 80% lithium extraction. Cypress plans additional drilling, metallurgical testing, and a preliminary economic assessment in 2018 to evaluate the project's potential.
Cypress Development Corp is exploring for lithium resources in Clayton Valley, Nevada. Recent drilling has encountered lithium-bearing claystone up to 112 meters below surface, with grades averaging over 800 ppm lithium. Metallurgical testing indicates 80% of the lithium can be extracted using a weak sulfuric acid solution. Cypress plans additional drilling in 2018 and expects to publish a initial lithium resource estimate in Q1 2018 to advance the project towards a preliminary economic assessment. The project is located near existing lithium production and infrastructure to be a potential new supply of lithium for the growing battery market.
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UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
2. 2
Disclaimer
The materials contained herein (the “Materials”) have been prepared by Eurasia Drilling Company Limited (the “Company”) and its subsidiaries and associates (the “Group”) solely for use at presentations in March and April 2014. By accepting the Materials or attending such presentation, you are agreeing to maintain absolute confidentiality regarding the information disclosed in the Materials and further agree to the following limitations and notifications.
The information contained in the Materials does not purport to be comprehensive and has not been independently verified. The information set out herein is subject to updating, completion, revision, verification and amendment and such information may change materially. The Company is under no obligation to update or keep current the information contained in the Materials or in the presentation to which it relates and any opinions expressed in them are subject to change without notice. The Company and its affiliates, advisors and representatives shall have no liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of the Materials.
The Materials are strictly confidential and do not constitute or form part of, and should not be construed as, an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire, any securities of the Company or any member of the Group nor should they or any part of them form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of the Group or global depositary receipts representing the Company’s shares nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. This document is neither an advertisement nor a prospectus. The Materials have been provided to you solely for your information and background and are subject to amendment. The Materials (or any part of them) may not be reproduced or redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person or published in whole or in part for any purpose without the prior written consent of the Company. Failure to comply with this restriction may constitute a violation of applicable securities laws.
The Materials are directed only at (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, (the “Order”) or (ii) high net worth entities, and other persons to whom they may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which the materials relate is available only to, and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on the Materials or any of their contents.
Neither the Company’s share nor global depositary receipts representing the same have been, nor will they be, registered under the U.S. Securities Act of 1933, as amended, or under the applicable securities laws of Australia, Canada or Japan. Any such securities may not be offered or sold in the United States or to, or for the account or benefit of, US persons except pursuant to an exemption from registration and, subject to certain exceptions, may not be offered or sold within Australia, Canada or Japan.
No representation or warranty, expressed or implied, is made by the Company and any of its affiliates as to the fairness, accuracy, reasonableness or completeness of the information contained herein and no reliance should be placed on it. Neither the Company nor any other person accepts any liability for any loss howsoever arising, directly or indirectly, from reliance on the Materials.
The Materials include forward-looking statements which are based on current expectations and projections about future events. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and investments, including, among other things, the Group’s results of operations, the development of its business, trends in the oil field services industry, and future capital expenditures and acquisitions. In light of these risks, uncertainties and assumptions, the events in the forward-looking statements may not occur. Neither the Company nor any other member of the Group undertakes to publish any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of the Materials. In particular, we note that, unless indicated otherwise, the market and competitive data in these Materials have been prepared by REnergy CO (“REnergy”) and Douglas-Westwood Limited (“Douglas-Westwood”), a global consulting and services organisation focused on the energy and marine industries. REnergy and Douglas Westwood compiled the historical data presented in these Materials from a variety of published and in-house sources, including interviews and discussions with market participants, market research, web-based research and competitor annual accounts. REnergy compiled their projections for the market and competitive data beyond 2011 in part on the basis of such historical data and in part on the basis of their assumptions and methodology. In light of the absence of publicly available information on a significant proportion of participants in the industry, many of whom are small and/or privately owned operators, the data on market sizes and projected growth rates should be viewed with caution.
The Materials are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. The Materials are not for publication, release or distribution in Australia, Canada, Japan or the United States.
EDC at a glance
2014 Outlook
Market
Operations
Financial performance
3. 3
Revenues
Adjusted EDITDA
EBITDA margin
CAPEX
Operating cash flow
US $ 3.5 billion
US $ 940 million
26.9%
US $ 508 million
US $ 751 million
Corporate credit rating: An upgrade to BB+ (from BB), Stable Outlook from S&P;
In April 2013 placed debut Eurobonds, US$ 600 mln @ 4.875% p.a.;
For 2013 LUKOIL: 57% of meters drilled; ROSNEFT: 24%;
Dragon Oil plc awarded a three year contract for drilling offshore Turkmenistan
2013 Change
Operating Statistics
6,263,885 meters drilled
1,296,143 horizontal meters drilled
+7.7%
+19%
+2.5pp
-18%
+27%
Market share c. 29% by meters drilled (Russia onshore) no change
Production Assets
255 Drilling & sidetracking rigs
427 Workover Rigs
3 J/U rigs +1 J/U rigs under construction
-1.5% (v. 30 September 2013)
+2.9% (v. 30 September 2013)
Strategic highlights
Key customers
The largest drilling company in Russia and the CIS
EDC at a glance
EDC at a
glance
2014
Outlook
Market
Operations
Financial
performance
+3.5%
+50.3%
4. 4
Geographic presence
EDC at a
glance
2014
Outlook
Market
Operations
Financial
performance
5. 5
Company milestones
1995
1996
2004
2006
2007
2008
2009
2010
2011
2012
2013
OAO LUKOIL- Burenie formed, LUKOIL’s in- house drilling division
1996–2003: LUKOIL-Burenie drilling business developed
December 2004 EDC acquired LUKOIL-Burenie
Acquired ASTRA jack- up rig from LUKOIL
November 2007: EDC IPO on LSE
Acquired 28 W/O rigs from SLB
Ordered NEPTUNE jack-up from Lamprell (delivered Q3 2013)
Acquired OOO Meridian (21 W/O rigs) in Komi Republic
Operations began on LUKOIL’s Yuri Korchagin platform
Acquired two West Siberia W/O businesses from LUKOIL (163 rigs)
Schlumberger (SLB) asset transaction and strategic alliance in Russia and CIS (19 drilling, 23 sidetrack & 34 W/O rigs)
SATURN jack-up rig acquired from Transocean
Acquired Kaliningrad drilling business from LUKOIL (4 rigs)
Ordered MERCURY jack-up from Lamprell (Q4 2014 delivery)
Entered Iraq acquiring 3+1 drilling rigs
Commissioned NEPTUNE jack-up
EDC at a glance
2014 Outlook
Market
Operations
Financial performance
6. 6
Summary 2014 financial guidance
Due to the depreciation of the ruble and a significant increase in rig redeployment in early 2014, we expect lower revenues than in 2013;
2014FY revenue is expected to be in the range US $3.05- US $3.1 billion;
2014FY EBITDA is expected to be at 26.7%.
Onshore drilling 2014 Outlook
Demand is growing for more complex drilling solutions with new technology and heavy rigs and we expect horizontal drilling to grow by 15% in 2014;
Our customer mix onshore evolves, and we expect to increase significantly our activity with Lukoil and Gazpromneft, while activity with Rosneft is expected to decline;
80% of rigs deployed by Rosneft to be reallocated to other customers at what should be satisfactory terms; remaining 20% will continue to work for Rosneft for the full year;
Lukoil awarded EDC a 3-year contract for sidetracking in Western Siberia, starting in January 2014.
Offshore drilling services 2014 Outlook
The SATURN j/u continues operations in the Turkmen sector of the Caspian Sea for Petronas Carigali Sdn Bhd under a new 3-year contract effective January 2013;
The ASTRA j/u is signed up for a 3-year contract with Lukoil to work in the Russian waters of the Caspian Sea effective January 2014;
Provision of drilling services on Lukoil’s Yu. Korchagin field LSP-1 continues in 2014;
The NEPTUNE j/u, is contracted to Dragon Oil till end of 2014 and thereafter for 5y period with Lukoil-led consortium.
Construction of our 4th j/u new-build MERCURY, is proceeding as planned and the rig is contracted to Dragon Oil.
Our offshore contract backlog is currently around US $ 1.2 billion.
2014 Outlook
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
7. 7
2013 Results Summary
Drilling output was 6.264 mln metres, + 3.5% vs 2012;
Horizontal metres drilled were 1.296 mln m, +50.3% vs 2012;
Exploration drilling volumes were down 10.2% vs. 2012
LUKOIL’s share was flat at 57% from total metres drilled; ROSNEFT’s share was also 24%; Gazpromneft’s share up to 12% from 10% in 2012;
Our market share was c. 29% based on metres drilled onshore in Russia during 2013;
ASTRA j/u rig was employed in Russian and Kazakh waters of the Caspian Sea drilling for LUKOIL and CMOC; three wells were drilled;
SATURN j/u rig continued its operations for PETRONAS in Turkmen waters of the Caspian Sea; two wells with two geological sidetracks in each were completed, commenced drilling of a third well;
Drilled and completed five wells on LUKOIL's Yuri Korchagin field LSP-1 platform in the Caspian Sea including three extended-reach horizontal development wells;
NEPTUNE j/u has underwent final commissioning, and moved to the drilling site in Turkmenistan to start drilling for Dragon Oil;
MERCURY j/u’s construction was on shedule.
Financial update
Operations update
Top line revenue up 8% to US $ 3,488 mln (2012: US $3,237 mln);
Adjusted EBITDA margin up to 26.9% (2012: 24.4%);
Adjusted EBITDA up 19% to US $940 mln (2012: US $790 mln);
Net Income up 13% to US $432 mln (2012: US $382);
CAPEX was US $508 mln (2012: US $620 mln);
Net debt as of Dec 31, 2013 was US $337 mln (Dec 31, 2012: US $395 mln);
CF from operations up to a record US $751 mln (2012: US $592 mln);
Dividends declared for the year ended Dec 31, 2013 amounted to $0.92 per share; and
In April 2013 the Company placed its debut Eurobond, due in 2020, for the amount of US $600 million with coupon rate at 4.875% per annum.
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
8. 8
OFS expenses in Russia(2), $/bbl
Russian oil production by region(1)
Russia’s oil industry
Notes: (1) in terms of mn bbl per day, in 2005-2009 in Eastern Siberia < 1.6% total oil production mn bbl per day
(2) EDC operates in the following segments of the OFS market: onshore and offshore drilling services, onshore integrated well construction and workover services
Russian oil production
Oil prices backdrop has been supportive for drilling activity over past few years
Russian oil and gas companies are facing manifold investments in upcoming years to raise or maintain oil production
Capex growth rates will be faster in Greenfield areas, where drilling is more complex and penetration rates are lower
As brownfield oil production continues to decline, further drilling growth is required
Current Russian fleet will not be able to satisfy requirements of the evolving Russian drilling landscape in the near future
Russian rig fleet by age
>20y 59%
<5y 24%
15-20y 4%
5-10y 10%
10-15y 3%
Source: REnergyCO 2013
Source: REnergyCO 2013
Source: REnergyCO 2013
Source: Douglas Westwood, 2012
3.2
4.1
5.3
6.3
4.2
4.9
5.8
6.1
6.7
7.3
7.8
2005
2007
2009
2011
2013F
2015F
9.4
9.6
9.8
9.8
9.9
10.1
10.2
10.3
10.4
10.5
10.6
10
12
14
15
15
17
19
20
22
23
25
2005
2007
2009
2011
2013F
2015F
Crude Oil Production (lhs)
Development Drilling (rhs)
71%
69%
66%
62%
60%
60%
21%
21%
21%
22%
23%
22%
5%
8%
7%
5%
5%
6%
6%
5%
5%
4%
5%
5%
5%
4%
5%
2005
2007
2009
2011
2013F
2015F
Others
Timan-Pechora
Eastern Siberia
Volga-Urals
Western Siberia
EDC at a glance
2014 Outlook
Market
Operations
Financial performance
9. 9
Drilling market dynamics
Onshore well construction & servicing market, $ bn
Russian drilling industry has demonstrated increased drilling volumes during the last few years coupled with a movement to more horizontal drilling
Average drilling depth is increasing, so heavier and more modern rigs are required
Russia’s rig fleet is ageing, fewer rigs are capable to meet the customers’ demand, so the industry is facing higher capex requirements
Horizontal drilling in Russia, mn m
Drilling volumes in Russia, mn m
Avg depth of wells in Russia, m
1.2
1.5
1.5
1.6
1.4
1.8
2.2
2.8
3.1
3.6
4.0
2005
2007
2009
2011
2013F
2015F
CAGR +14%
2,410
2,610
2,650
2,730
2,690
2,850
2,930
3,220
2005
2006
2007
2008
2009
2010
2011
2012
CAGR+14%
13.2
15.7
11.0
13.4
16.5
17.2
19.2
20.9
22.4
2007
2009
2011
2013F
2015F
Workover & Well Servicing
Sidetracking
Well Construction
10.2
12.9
15.1
16.2
15.4
18.1
19.2
21.1
22.6
24.2
25.9
2005
2007
2009
2011
2013F
2015F
West Siberia
Volga-Urals
Timan-Pechora
East Siberia
Others
CAGR +11%
CAGR+7%
Source: REnergyCO 2013
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
10. 10
During the period Russia’s metres drilled increased by 5.4% vs. 2012, while horizontal drilling in Russia increased by 46% (normalized, CDU TEK).
The independent drillers have more than 50% of the Russian market as a result of the oil companies divesting their in-house drilling capabilities
In 2011 EDC share increased by 4pp driven by consolidation of ex-SLB drilling company (SGC)
Market structure
Russia’s onshore drilling by footage, 2013
EDC market share dynamics
Source: Company data
17%
22%
25%
29%
29%
2005 : first
year of
independent
operations
2007:IPO
2011
2012
2013
All others
26%
Surgut NG 23%
EDC
29%
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
11. 11
Operating performance
EDC drilling volume performance, thsd m
Source: Company
Notes: 2011 data include drilling volumes from drilling assets acquired from Schlumberger, starting from May 1st, 2011.
Drilling volumes have shown strong growth over the past years due to winning new customers and increased existing customer activity, as well as a series of successful acquisitions
3,269
4,041
3,753
4,103
4,777
6,051
6,264
2007
2008
2009
2010
2011
2012
2013
+3.5%
11% CAGR
305
298
337
437
879
862
1,296
2007
2008
2009
2010
2011
2012
2013
9%
EDC horizontal drilling volumes, thsd m
Share of total
+50.3%
7%
9%
11%
18%
14%
21%
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
12. 12
Customer portfolio
Russian drilling market is based on long-term contracting, which results in lower pricing and margins volatility, as compared to RoW where spot market prevails
Over past years the Company has tangibly diversified its customer portfolio, while retaining strong ties with LUKOIL
In 2013 LUKOIL increased drilling volumes by 2.4% vs. 2012, Rosneft’s up by 7% (incl. TNK-BP), Gazpromneft up 28%
Note: Rosneft has acquired 100% of TNK-BP International on 22.03.2013
2007 EDC customers
2013 EDC customers
Rosneft 8%
Others 1%
Gazprom
Neft 15%
LUKOIL 57%
TNK-BP (1)1%
Rosneft 24%
Gazprom Neft 12%
Others 6%
Well balanced customer mix dominated by oil majors/long-term contracts
LUKOIL 76%
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
13. 13
Rig fleet
Source: Company, Russia’s fleet: Douglas Westwood, 2012
Notes: (1) source: Company, (2),(3) source: Douglas Westwood, 2012
EDC rig fleet by age
EDC rig fleet by type
Russian drilling rig fleet is static, low-tech and ageing, which results in low utilization and low efficiency
EDC fleet average age is 13 y(1) (vs 16y for the Russian drilling industry)(2)
EDC fleet average drilling depth is 3,500 m (1) (vs 3,100 m for the sector)(2)
EDC fleet is younger than Russia’s average
EDC is to maintain a competitive drilling fleet
(3)
Type
Draw works
Total
% of total
Mobile
Mechanical
44
17.3%
Electric
2
0.8%
All types
46
18.1%
Stationary
Mechanical
35
13.7%
Electric
20
7.8%
All types
55
21.5%
Pad / Cluster
Mechanical
3
1.2%
Electric
151
59.2%
All types
154
60.4%
Total
Mechanical
82
32.2%
Electric
173
67.8%
All types
255
100.0%
EDC drilling rig fleet
24%
10%
3%
4%
59%
32%
18%
8%
5%
37%
<5y
5-10y
10-15y
15-20y
>20y
Russia(3)
EDC
EDC fleet is younger than Russia’s average
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
15. 15
Capital expenditures
Capex program focused on evolving fleet to meet the most demanding and complex customer needs
EDC’s fleet modernisation programme:
1.Refurbishment of Medium Pad/Cluster rigs
–Workhorses of West Siberia far into the future
2.Replacement of Light Stationary rigs with Mobile units
–Sidetracks, smaller field development & brownfield in-fill
3.Replacement of Heavy Stationary rigs with predominantly Heavy Pad/Cluster rigs
–Deeper plays, ERD & complex wells
Starting from 2010 EDC’s capex includes payments to Lamprell for the construction of two new-build jack-up rigs:
–~$235mn per rig
–NEPTUNE is delivered in Q3 2013
–MERCURY due for delivery in Q4 2014
Сapex, $ mn
Source: Company
(1)- 2013 offshore CAPEX was adjusted for the change in restricted cash in the amount of US $45 million.
320
327
107
234
303
470
388
50
97
150
120
2007
2008
2009
2010
2011
2012
2013
Onshore
Incl. Offshore
284
400
620
508
Capex/ revenues
16%
8%
16%
14%
19%
21%
15%
(1)
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
16. 16
Financial overview
Key Financial Highlights
EBITDA margin
The increase in EBITDA margin in 2013 to 26.9% is mostly attributable to:
Increase in more complex drilling;
Sustained cost control efforts by the management;
Strong performance of our offshore business.
Source: EDC audited US GAAP financials as of and for the period ended 31.12.2007- 31.12.2013
11.9%
15.2%
21.0%
21.5%
23.1%
24.1%
21.8%
24.4%
26.9%
2005
2006
2007
2008
2009
2010
2011
2012
2013
2007
2008
2009
2010
2011
2012
2013
(US $ thousands)
Audited
Audited
Audited
Audited
Audited
Audited
Audited
Revenue
1,492,189
2,101,779
1,382,203
1,822,180
2,766,749
3,237,333
3,487,930
% growth
37.2%
40.9%
-34.2%
31.8%
51.8%
17.0%
7.7%
EBITDA
313,751
452,720
319,813
437,429
603,191
789,986
939,550
% margin
21.0%
21.5%
23.1%
24.0%
21.8%
24.4%
26.9%
Net income
168,544
290,933
165,490
206,826
283,371
382,009
432,082
% margin
11.3%
10.5%
12.0%
11.4%
10.2%
11.8%
12.4%
Operating cash flow
173,320
309,851
409,507
322,553
425,729
592,455
751,053
Capital Expenditures
319,740
327,015
106,815
283,777
399,954
619,899
507,696
Free Cash flow
-146,420
-17,164
302,692
38,776
25,775
-27,444
243,357
Dividend per share (US$)
n.a.
$0.25
$0.25
$0.31
$0.47
$0.70
$0.92
Basic EPS (US$)
$1.31
$1.51
$1.22
$1.44
$1.93
$2.60
$2.94
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
17. 17
Debt profile
EDC retains conservative debt profile
Source: EDC audited US GAAP financials as of and for the period ended 31.12.2013, 31.12.2012, 31.12.2011, 31.12.2010
Debt repayments as of 31.12.2013, $ mn
2013 update:
Net debt as of December 31, 2013 was $ US 337 million
EDC debt load has been historically low with total debt / EBITDA within the conservative range of 0.9- 1.2x and net debt / EBITDA of less than 0.5x over past 3 years
The debt strategy is to maintain prudent leverage levels consistent with the cyclical nature of the drilling business: net debt is not to exceed 1.5x times expected EBITDA
Debt currency mix between rubles and dollars is consistent with the character of expected cash flow streams
Debt structure as of 31.12.2013
Leverage dynamics
284
263
182
404
753
700
1,114
(59)
(17)
(252)
(226)
244
395
337
2007
2008
2009
2010
2011
2012
2013
Total debt, $mn
Net debt, $mn
(0.2)
(0.1)
(0.8)
(0.5)
0.4
0.5
0.4
2007
2008
2009
2010
2011
2012
2013
Net debt/EBITDA
104
31
15
211
153
600
2014
2015
2016
2017
2018
2019 and
Thereafter
91%
23%
81%
81%
21%
9%
77%
19%
19%
68%
12%
Long-term / short-term
RUB / USD
Fixed / floating rate
Unsecured / secured
Local banks / bonds / other
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
18. 18
Key strategic focus
Maintain leadership position as the largest provider of onshore drilling services in Russia and operator of the largest jack-up fleet in key sectors of the Caspian Sea
Invest in the upgrading and improvement of rig fleet and drilling technologies
Organic offshore business growth by building additional jack-up drilling rigs
Continued focus on innovation and efficiency
Leverage leadership position and the unique characteristics of the Russian market
Maintain close relationships with customers to become their partners-of-choice
Expand our capabilities to provide high value- added services
Continue to invest in crew training and in faster moving, more mobile rigs to enhance operational efficiency
Constantly improving crews operational efficiency: the meters drilled per crew per day increased from ~69 in 2005 to over 110 in 2012, despite more complex wells
Increase rig utilization: from ~56% in 2005 to ~85% in 2012
One of the first independent company to adopt a fleet upgrade and modernization policy which has led to a leadership position in terms of capability, capacity, efficiency and innovation
Long-term contract model to minimize price and margin volatility that other international competitors are exposed to as a result of the spot rate contract model prevalent in foreign markets (for example USA)
Become preferred partner providing turnkey contracts for standard drilling solutions and gradually transitioning to day rate contracts for complex drilling
Invest in younger, heavier and more versatile rigs that satisfy customers requirements supplementing the Russian rig fleet dominated by static, low-tech and ageing rigs that cannot drill beyond 3,000 meters
Organic growth and selective acquisitions
Continue to expand portfolio of core high value-added and high quality services such as, horizontal, underbalanced and extended reach drilling: from 2010 to 2012, 20 new drilling rigs added and performed an upgrade of 2 older rigs
Focus on core high value-added services: disposal of non-core businesses to Schlumberger which now provides services under a 5-year master services agreement pursuant to strategic alliance
EDC at a glance
2014
Outlook
Market
Operations
Financial performance
20. 20
0
5
10
15
20
25
2012
2013E
2014F
2015F
Workover & Well Servicing
Sidetracking
Well Construction
0
5
10
15
20
25
30
2012
2013E
2014F
2015F
Western Siberia
Volga-Urals
Timan-Pechora
Eastern Siberia
Others
Base Case
Fully Risked Case
0
5
10
15
20
25
30
2012
2013A
2014F
2015F
0
5
10
15
20
25
2012
2013A
2014F
2015F
0
1
2
3
4
5
2012
2013A
2014F
2015F
10.3
10.4
10.4
10.3
22
23
23
23
8
9
10
11
12
2012
2013A
2014F
2015F
Drilling volumes in Russia, mn m
Russian oil production
Horizontal drilling in Russia, mn m
Onshore well construction & servicing market, $ bn
Source: REnergyCO 2014
CAGR +7%
CAGR +2%
CAGR +2%
CAGR +9%
CAGR +15%
0
1
2
3
4
5
2012
2013E
2014F
2015F
CAGR +13%
10.3
10.4
10.5
10.6
21
23
24
26
8
9
10
11
12
2012
2013E
2014F
2015F
Crude Oil Production (lhs)
Drilling (rhs)
Base Case
Fully Risked Case
Base Case:
•Oil production grows >1% per year
•Mature field decline rate 15% Requires:
•Drilling intensity +5-10% per year
•Horizontal drilling +13% CAGR Fully Risked Case:
•Stable crude oil prices
•Ruble @ 38 to US$ Geopolitical risks:
•Economic crisis in Russia
•Fall in oil exports Consequences:
•Cost cutting by E&P companies
•Greenfield projects delayed
•Total drilling metres flat
•Horizontal drilling declines
•Accelerating decline rates
•Oilfield service market declines
•Workover to grow
Drilling market dynamics: scenarios
Base Case
Fully Risked Case
Base Case
Fully Risked Case
21. 21
Balance sheet
$ thsd
31.12.2010 Audited
31.12.2011 Audited
31.12.2012 Audited
31.12.2013 Audited
Assets
Current assets
Cash and cash equivalents
629,466
509,781
305,333
777,792
Accounts receivable, net
252,749
378,523
528,813
530,568
Inventories
127,918
190,727
213,058
212,859
Other current assets
66,673
79,575
52,168
70,196
Total current assets
1,076,806
1,158,606
1,099,372
1,591,415
Property, plant and equipment
765,184
1,286,125
1,768,119
2,008,756
Other non-current assets
111,817
159,085
167,564
121,562
Total assets
1,953,807
2,603,816
3,035,055
3,721,733
Liabilities
Current liabilities
Accounts payable and accrued liabilities
258,706
407,410
465,256
539,298
ST debt and current portion of LT debt
117,550
175,217
257,860
104,394
Other current liabilities
75,030
78,136
99,063
126,740
Total current liabilities
451,286
660,763
822,179
770,432
LT debt
286,367
578,117
442,013
1,010,086
Other non-current liabilities
31,633
60,592
108,237
124,727
Total liabilities
769,286
1,299,472
1,372,429
1,905,245
Shareholders equity
Treasury and common stock
(11,679)
(775)
(183)
(508)
Paid-in Capital & APIC
691,535
680,198
684,398
653,379
Retained earnings
578,716
793,111
1,072,369
1,369,335
Accumulated other comprehensive income/(expense)
(74,051)
(168,190)
(93,958)
(205,719)
Total stockholder's equity
1,184,521
1,304,344
1,662,626
1,816,487
Total liabilities and stockholder's equity
1,953,807
2,603,816
3,035,055
3,721,732
Source: EDC audited US GAAP financials as of 31.12.2013, 31.12.2012, 31.12.2011, 31.12.2010
22. 22
Income statement
Income statement
Source: EDC audited US GAAP financials as of 31.12.2013, 31.12.2012, 31.12.2011, 31.12.2010
$ thsd
2010
Audited
2011
Audited
2012
Audited
2013
Audited
Drilling and related services
1,808,905
2,734,444
3,222,830
3,473,555
Other sale and services
13,275
32,305
14,503
14,375
Total revenues
1,822,180
2,766,749
3,237,333
3,487,930
Costs and Other Deductions
Cost of services, excluding depreciation and taxes
-1,204,333
-1,906,256
-2,151,336
-2,221,207
General and administrative expenses
-106,920
-144,614
-161,270
-168,878
Taxes other than income tax
-72,547
-119,181
-134,733
-157,680
Depreciation
-144,241
-213,492
-249,987
-265,929
Litigation settlement
-
-
-
-50,996
Gain (loss) on disposal of property, plant and equipment
-752
-2,658
4,786
1,608
Income from operation activities
293,387
380,548
544,793
624,848
Interest expense
-15,125
-52,342
-53,661
-58,254
Interest and dividend income
7,993
11,485
12,094
17,189
Other expense
-7,749
27,725
623
-1,320
Income before income taxes
278,506
367,416
503,849
582,463
Income tax Expenses
-71,680
-84,045
-121,840
-150,381
Net income
206,826
283,371
382,009
432,082
PAT margin
11.40%
10.20%
11.80%
12.4%
EBITDA
437,429
603,191
789,986
939,550
EBITDA margin
24.0%
21.8%
24.4%
26.9%
23. 23
Cash flow statement
Cash flow statement
Source: EDC audited US GAAP financials as of 31.12.2012, 31.12.2011, 31.12.2010
EDC US GAAP Interim Consolidated Financial Statements 30.06.2013(unaudited)
$ thsd
2010 Audited
2011 Audited
2012 Audited
2013
Audited
Net Income
206,826
283,371
382,009
432,082
Adjustments for non-cash (Depreciation)
144,241
213,492
249,987
265,928
Changes in operating working capital
-47,815
-82,700
-75,161
20,849
Other adjustments for non-cash
19,301
11,566
35,620
32,194
Cash provided by operating activities
322,553
425,729
592,455
751,053
Purchases of properties, plant and equipment
-224,970
-417,873
-616,499
-553,096
Changes in restricted cash
-58,807
17,919
-3,400
45,400
Acquisition of subsidiary, net of cash acquired
-43,132
-559,340
-
-
Other Investing Cash Flow
1,719
110,429
1,977
11,460
Cash provided by investing activity
-325,190
-848,865
-617,922
-496,236
Proceeds from issuance of debt
255,193
465,649
25,729
810,800
Proceeds from repayment of debt
-40,037
-67,808
-153,893
-427,118
Repayment of capital lease obligations
-538
-
-
-
Dividends paid
-212,786
-45,387
-68,976
-102,751
Sale/(purchase) of Treasury/Common shares
204,356
-5,114
-
-32,264
Cash provided by financing activities
206,188
347,340
-197,140
248,667
Effect of exchange rate changes on cash
-7,809
-43,889
18,159
-31,025
Net increase/(decrease) in cash
195,742
-119,685
-204,448
472,459
Interest paid
-11,910
-46,286
-50,706
37,199
Income tax paid
-57,145
-55,394
-92,294
128,125