Annual General Meeting
|
|
- Peregrine Rodgers
- 5 years ago
- Views:
Transcription
1 Annual General Meeting 31 st January 2018
2 Disclaimer This presentation contains forward -looking statements that are subject to risk factors associated with oil, gas and related businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delays or advancements, approvals and cost estimates. All references to dollars, cents or $ in this presentation are to United States currency, unless otherwise stated. References to Swala are references to Swala Oil & Gas (Tanzania) plc or its applicable subsidiaries. Unless otherwise noted, all references to reserves and resources figures are as at 30 January 2018 and represent Swala s share. Any geological, reserves and resources information in this presentation is based on, and fairly represents, information and supporting documentation prepared by, or under the supervision of, Mr. Neil Taylor. Mr. Taylor is an employee of Swala Oil & Gas (Tanzania) plc and has over 30 years of experience in the oil and gas business with internationally renowned E&P companies including British Petroleum ( ) and Woodside Energy ( ). Any geological, reserves and resources information in this presentation has been issued with the prior written consent of Mr. Taylor in the form and context in which it appears. Page 2
3 The Kilosa-Kilombero Licence Acquisition of an interest in PAE PanAfrican Energy Corporation Indirect exposure to the Songo Songo Field About the field Field Production and Reserves Share Matters Resolutions 12 and 13 Conclusions Page 3
4 Kilosa-Kilombero Licence (Swala 75%) Swala is licence operator with 75% equity. Kilosa-Kilombero Location Map Late 2013 identified the Kito Prospect. Late 2014 further work on Kito plus identified a number of other leads and prospects. Late 2015, farmed down to Tata Petrodyne Limited ( TPL ) for $5.7 million in past costs and a carry through the first exploration well (capped at $2.5 million). If the first well is successful, TPL will pay a further $1 million towards Swala s costs for a second exploration well : Prepared to drill but permits not received in time. Kilombero basin Extension to 2019 currently under application. Page 4
5 Sizeable Prospect with Six Additional Leads Page 5
6 Kito a significant potential resource KILOMBERO BASIN LOW BEST MEDIUM Kito Basal Sandstone 31 mmstb 97 mmstb 293 mmstb Kito Sequence 1 Sandstone 24.2 mmstb 87 mmstb 254 mmstb Kito Shallow 11.2 mmstb 48.8 mmstb 169 mmstb Lead A 3 mmstb 7 mmstb 10 mmstb Lead B 6 mmstb 14 mmstb 20 mmstb Lead D 19.5 mmstb 45.5 mmstb 65 mmstb Lead F 14.4 mmstb 33.6 mmstb 48 mmstb NET TO SWALA LOW BEST MEDIUM Kito Basal Sandstone 18.6 mmstb 58.2 mmstb mmstb Kito Sequence 1 Sandstone mmstb 52.2 mmstb mmstb Kito Shallow 6.72 mmstb mmstb mmstb Lead A 1.8 mmstb 4.2 mmstb 6 mmstb Lead B 3.6 mmstb 8.4 mmstb 12 mmstb Lead D 11.7 mmstb 27.3 mmstb 39 mmstb Lead F 8.64 mmstb mmstb 28.8 mmstb Page 6
7 The Kilosa-Kilombero Licence Acquisition of an interest in PAE PanAfrican Energy Corporation Indirect exposure to the Songo Songo Field About the field Field Production and Reserves Share Matters Resolutions 12 and Kilombero Activity Timeline Page 7
8 The Transaction Swala has right to buy up to 40% of PAE PanAfrican Energy Corporation ( PAEM ) for up to $130 million. PAEM owns of PanAfrican Energy Tanzania Limited, the operator of the Songo Songo Field. First transaction Acquired 7.93% interest in PAEM; Consideration of $17MM in cash and $3.97MM in Preferred Shares (subject to shareholder approval). Second transaction Acquisition in tranches to maximise local investment Possibility of acquiring up to 32.07% more of PAEM; Local mezzanine bonds to be listed on the DSE, $50MM (greenshoe issue) plus Preferred Shares for difference. Page 8
9 A farm-in to Songo Songo? Other Projects Orca Exploration Group Inc. (BRITISH VIRGIN ISLANDS) PAE PANAFRICAN ENERGY CORPORATION (MAURITIUS) SWALA OIL & GAS (TANZANIA) PLC (TANZANIA) SWALA (PAEM) LIMITED (UNITED KINGDOM) Other Projects PANAFRICAN ENERGY TANZANIA LIMITED (JERSEY) SONGO SONGO LOAN WITH THE IFC? A transaction limited to Songo Songo meant that Swala would miss out on potential opportunities being explored within PAET. Page 9
10 A transaction with PanAfrican Energy Tanzania Ltd? Orca Exploration Group Inc. (BRITISH VIRGIN ISLANDS) SWALA OIL & GAS (TANZANIA) PLC (TANZANIA) Other Projects PAE PANAFRICAN ENERGY CORPORATION (MAURITIUS) SWALA (PAEM) LIMITED (UNITED KINGDOM) Other Projects PANAFRICAN ENERGY TANZANIA LIMITED (JERSEY) LOAN WITH THE IFC? SONGO SONGO A transaction with PAET allowed Swala to indirectly benefit from potential opportunities being explored within PAET but raised issues of seniority of debt with the pre-exisiting IFC facility. Page 10
11 Optimal: a transaction with PAEM Orca Exploration Group Inc. (BRITISH VIRGIN ISLANDS) SWALA OIL & GAS (TANZANIA) PLC (TANZANIA) Other Projects PAE PANAFRICAN ENERGY CORPORATION (MAURITIUS)? SWALA (PAEM) LIMITED (UNITED KINGDOM) Other Projects PANAFRICAN ENERGY TANZANIA LIMITED (JERSEY) LOAN WITH THE IFC SONGO SONGO A transaction with PAEM allowed Swala to indirectly benefit from potential opportunities being explored within PAET and PAEM without any issues of seniority of debt with the preexisiting IFC facility in PAET. Page 11
12 How the Cash Consideration is Structured Orca Exploration Group Inc. (BRITISH VIRGIN ISLANDS) SWALA OIL & GAS (TANZANIA) PLC (TANZANIA) 92.07% Other Projects PAE PANAFRICAN ENERGY CORPORATION (MAURITIUS) 7.93% SWALA (PAEM) LIMITED (UNITED KINGDOM) Other Projects PANAFRICAN ENERGY TANZANIA LIMITED (JERSEY) Tranche 1 has acquired a 7.93% interest in PAEM: Tranche 2-3: International Funds (144A) EAC Mezzanine Bonds SONGO SONGO Resolution 8 Resolution 15 Resolution 10 Resolution 11 A proportion payable in Preferred Shares subject to Shareholder approval. Page 12
13 Local participation as a complement to DSE listings Other Projects Other Projects Orca Exploration Group Inc. (BRITISH VIRGIN ISLANDS) 92.07% PAE PANAFRICAN ENERGY CORPORATION PANAFRICAN ENERGY TANZANIA LIMITED SONGO SONGO 7.93% Swala Oil & Gas (Tanzania) plc Swala (PAEM) Limited Positive and commercial alternative to DSE listings. On completion, Swala (50% locally owned) will own 40% of PAEM, equivalent to PAEM being 20% locally owned. Page 13
14 Returning cashflow to Tanzania through local bonds Other Projects Orca Exploration Group Inc. (BRITISH VIRGIN ISLANDS) PAE PANAFRICAN ENERGY CORPORATION (MAURITIUS) SWALA OIL & GAS (TANZANIA) PLC (TANZANIA) SWALA (PAEM) LIMITED (UNITED KINGDOM) Other Projects PANAFRICAN ENERGY TANZANIA LIMITED (JERSEY) Interest Payments (14.5%, USD-linked) Positive impact in funds retained in country and on the country s call on its foreign currency account. Ownership of the bonds results in coupon payments bringing USD back into Tanzania; SONGO SONGO Page 14
15 Additional positive impact of local ownership First Joint Venture of this magnitude between a foreign company and a Tanzanian-listed company in the Oil & Gas Sector; Subject to CMSA and DSE appprovals, bonds to be listed on the DSE, underlying the parties commitment to the development of local capital markets; First USD-linked bonds denominated in TZS shillings. The USD-linkage provides holders with an inbuilt currency hedge; First time that the Tanzanian pension and investment funds are invited to participate alongside international investors in these opportunities, allowing them to diversify their investments; Potentially increased tax receipts for Tanzania as a result of repatriation of funds. Swala will pay more taxes as a result of the already-taxed cashflow being repatriated to Tanzania. Tanzanian investors on Songo Song Island on a pre-investment due diligence visit. Page 15
16 The Kilosa-Kilombero Licence Acquisition of an interest in PAE PanAfrican Energy Corporation Indirect exposure to the Songo Songo Field About the field Field Production and Reserves Share Matters Resolutions 12 and Kilombero Activity Timeline Page 16
17 Location of the Songo-Songo Field Songo Songo connected to Songas terminal via 25-km gas line. Connected to Dar es Salaam through 207km 36 gas line. Page 17
18 The Songo Songo gas to power project 1991 PAET agreement with GoT and TPDC to evaluate economic feasibility of Songo Songo 1992 World Bank involvement Formal negotiations begin MoF calls in Economic and Legal Advisory Services Unit of Commonwealth Secretariat (ELAS) for independent review of project agreements. (1997: ELAS reports that the deal is on balance fair to Tanzania and the investors) Project agreements signed First shipment of gas. Page 18
19 Significant benefits to Government of Tanzania BancABC (4.76%) Norway (16.20%) PROTECTED GAS UK (37.80%) Government of Tanzania (41.24%) TPDC ADDITIONAL GAS TPDC, PAET and the GoT under Production Sharing Agreement Industrials Investor (24%) GoT (76%) (taxes, royalties and profitsharing) Page 19
20 Ca. 90% of Project value has gone to GoT (end 2017) Page 20
21 Significant additional economic benefits $5 billion economic rent An estimated $5.0 billion saved by replacing Heavy Fuel Oil with gas. Power, with the lowest cost Independent Power Producer. Songas is clearly the least-cost privatelyowned supply option in Tanzania. World Bank Report. Provision of energy for industry a crucial part of the Industrialisation Plan and employing an estimated 10,000 Tanzanians. Significant CSR $2.7MM (5% of PAET profits) into local CSR: Early childhood development, Songo Songo Island primary/secondary schools scholarships, English Language Learning centre, Health and Sports Page 21
22 Developing downstream gas markets PanAfrican has financed and built a low pressure gas distribution network around Dar es Salaam (in excess of 50 kms). Diversified customer base (37 customers including power plants, textiles, beverages and glass). Prices to the industrial customers are generally set by reference to Platts HFO Arab Gulf (24-29% discount). PanAfrican commenced the sale of CNG for use by hotels, industries and vehicles at the end of 2009 slow growing but high value market. Aim to grow the industrial sales market. Investment in PAEM offers Swala aligned access to these opportunities. Page 22
23 The Kilosa-Kilombero Licence Acquisition of an interest in PAE PanAfrican Energy Corporation Indirect exposure to the Songo Songo Field About the field Field Production and Reserves Share Matters Resolutions 12 and Kilombero Activity Timeline Page 23
24 Songo Songo Reserves and Resources Songo Songo W. P90 Net indirect SOGTL (40%) 21 bcf P50 P bcf 256 bcf End of Licence Net indirect SOGTL (40%.) $/mcf 1P 146 bcf 0.48 To end of Field 1P Net indirect SOGTL (40% ) 111 bcf 2P 166 bcf P 183 bcf P 3P 141 bcf 175 bcf Source: McDaniels and Associates Consultants Limited Page 24
25 NNGIP opens up additional export 36 Pipeline Mnazi Bay to Dar es Salaam financed by China Exim Bank. The NNGIP has capacity of 785 MMscfd currently running at less than 10% capacity. TEGETA MW100 UBUNGO MW112 KINYEREZI MW990 (in 4 phases) SONGAS MW178 2 x 70 mmscfd processing plants at Songo Songo (140 mmscfd) 105 mmscfd SOMANGAFUNGU MW520 (in 2 phases) Modified, after TPDC. Page 25 3 x 70 mmscfd processing plants at Mnazi Bay (210 mmscfd) SONGO SONGO MNAZI BAY
26 Gross Field Production and Customers NNGIP Capacity Future 1P production profile (Swala Estimates). Page 26
27 Gross Field Production, TPDC and PAET NNGIP Capacity Future 1P production profile (Swala Estimates). Page 27
28 Gross Field Production with indirect Swala benefit NNGIP Capacity Future 1P production profile (Swala Estimates). Page 28
29 Capacity to supply growing industrial demand for gas NNGIP Capacity Future 1P production profile (Swala Estimates). Page 29
30 The Kilosa-Kilombero Licence Acquisition of an interest in PAE PanAfrican Energy Corporation Indirect exposure to the Songo Songo Field About the field Field Production and Reserves Share Matters Resolutions 12 and Kilombero Activity Timeline Page 30
31 Aminex Plc 2.9bn shares traded. Stocks respond to events in liquid markets Page 31
32 Swala < 20,000 shares traded. The DSE is still an illiquid market Page 32
33 Illiquidity is not helped by pre-emption rights JAN FEB MAR APR MAY JUN JUL AUG SEP Prepare prospectus Reporting Accountants Report and Legal Due Diligence First offer to Shareholders under pre-emption rights Second offer to Shareholders under pre-emption rights Update prospectus PROCESS STARTED Reporting Accountants Report and Legal Due Diligence updated OFFER OPEN TO NEW SHAREHOLDERS The pre-emption process can easily add another four- five months to any fund-raising process this is inefficient and endangers the Company if it cannot respond promptly to cash requirements. Page 33
34 Resolutions 12 and 13 Resolution 12: To approve the Company s dual listing on an OECD Exchange. We need liquidity, and we need access to funds; Does not move the primary listing from the DSE but opens a secondary listing elsewhere; Potentially London, with the benefit of broad O&G peer group; Timing to be discussed but aim for listing in 3Q Resolution 13: To disapply the pre-emption rights associated with the issuance of new shares. The delay and costs incurred by setting up pre-emption have to be weighed against market liquidity; Propose to disapply pre-emption rights BUT to retain an obligation to make any public offer of shares available for participation to current shareholders (e.g. as part of a listing, or any subsequent equity raise) to the extent that is practicable within the timeframes; This applies from the 2017 AGM to the 2018 AGM, at which time the resolution shall expire and shall be re-submitted to shareholders for consideration. Page 34
35 The Kilosa-Kilombero Licence Acquisition of an interest in PAE PanAfrican Energy Corporation Indirect exposure to the Songo Songo Field About the field Field Production and Reserves Share Matters Resolutions 12 and Kilombero Activity Timeline Page 35
36 2018 Kilombero Activity Timeline Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Rig LOI Contracts in place Mobilisation Drill Licence extension due Page 36
37 THANK YOU FOR LISTENING Swala Oil & Gas (Tanzania) plc David Mestres Ridge (CEO) Page 37
SWALA OIL & GAS (TANZANIA) PLC INVESTMENT IN PAE PANAFRICAN ENERGY CORPORATION
SWALA OIL & GAS (TANZANIA) PLC INVESTMENT IN PAE PANAFRICAN ENERGY CORPORATION Disclaimer This presentation contains forward -looking statements that are subject to risk factors associated with oil, gas
More informationOrca Exploration Group Presentation May 2017 (incorporating 2016 results) Corporate Information
Orca Exploration Group Presentation May 2017 (incorporating 2016 results) Corporate Information Statements and Risks This presentation contains certain forward-looking statements that involve substantial
More informationFORM F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION. Oil and Gas Reserves and Net Present Value of Future Net Revenue
FORM 51-101F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION Oil and Gas Reserves and Net Present Value of Future Net Revenue In accordance with National Instrument 51-101 Standard of Disclosure
More informationFinancial and Operating Highlights
Orca Exploration Group Inc. PO Box 3152 Road Town Tortola British Virgin Islands FOR IMMEDIATE RELEASE 27 November 2008 Orca Exploration announces its results for the quarter ended 30 September 2008 TORTOLA,
More informationOrca Exploration Group Presentation November 2017 (incorporating Q results) Corporate Information
Orca Exploration Group Presentation November 2017 (incorporating Q3 2017 results) Corporate Information Statements and Risks This presentation contains forward-looking statements or information (collectively
More informationFinancial and Operating Highlights
Orca Exploration Group Inc. PO Box 3152 Road Town Tortola British Virgin Islands FOR IMMEDIATE RELEASE 28 April 2009 Orca Exploration announces its results for the year ended 31 December 2008 TORTOLA,
More informationIncreased sales of Additional Gas by 40% to 5,161 MMcf or 56.1 MMcfd (Q3 2010: 3,688 MMcf or 40.1 MMcfd).
Orca Exploration Group Inc. PO Box 3152 Road Town Tortola British Virgin Islands TSX-V: ORC.A, ORC.B FOR IMMEDIATE RELEASE 29 November 2011 Orca Exploration announces its results for the quarter ended
More informationFORM F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION. Oil and Gas Reserves and Net Present Value of Future Net Revenue
FORM 51-101F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION Oil and Gas Reserves and Net Present Value of Future Net Revenue In accordance with National Instrument 51-101 Standard of Disclosure
More informationORCA EXPLORATION GROUP INC ANNUAL REPORT
ORCA EXPLORATION GROUP INC. 2017 ANNUAL REPORT Orca Exploration Group Inc. is an international public company engaged in hydrocarbon exploration, development and supply of gas in Tanzania and oil appraisal
More information2017 Q1 INTERIM REPORT
O R C A E X P L O R A T I O N G R O U P I N C. Q1 2017 Q1 INTERIM REPORT Orca Exploration Group Inc. is an international public company engaged in hydrocarbon exploration, development and supply of gas
More informationNOTICE OF ANNUAL GENERAL METING. Swala Oil & Gas (Tanzania) plc Company Number
NOTICE OF ANNUAL GENERAL MEETING Swala Oil & Gas (Tanzania) plc Company Number 115280066 Annual General Meeting to be held at the Julius Nyerere International Conference Centre on the 31st January 2018
More informationSwala Oil and Gas (Tanzania) Public Limited Company. Unaudited interim Financial Statements for the period ended 30 June 2015
Swala Oil and Gas (Tanzania) Public Limited Company Unaudited interim Financial Statements for the period ended 30 June 2015 Unaudited Financial Statements for the period ended 30 June 2015 Table of Contents
More informationFORM F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION. Oil and Gas Reserves and Net Present Value of Future Net Revenue
FORM 51-101F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION Oil and Gas Reserves and Net Present Value of Future Net Revenue In accordance with National Instrument 51-101 Standard of Disclosure
More informationSwala Energy Limited
Swala Energy Limited (ASX: SWE) East African Exploration December 2013 www.swala-energy.com Disclaimer Certain statements contained in this presentation, including information as to the future financial
More informationOIL AND GAS RESERVES AND NET PRESENT VALUE OF FUTURE NET REVENUE
OIL AND GAS RESERVES AND NET PRESENT VALUE OF FUTURE NET REVENUE In accordance with National Instrument 51-101 Standard of Disclosure for Oil and Gas Activities, McDaniel & Associates Consultants Ltd.
More informationuarterly Update INSIDE THE DAR ES SALAAM STOCK EXCHANGE PLC ISSN No ISSUE No. 66 SEPTEMBER, 2015 A) Economic Trend B) Bonds New Listings
Q THE DAR ES SALAAM STOCK EXCHANGE PLC uarterly Update ISSN No. 0856 8448 ISSUE No. 66 SEPTEMBER, 2015 INSIDE 1 2 3 4 5 6 7 8 CEO s Message Economic review A) Economic Trend Market Report A) Equities B)
More informationConducting oil and gas activities in Tanzania
Conducting oil and gas activities in Tanzania CMS Cameron McKenna Laws and regulations List the main legislation governing petroleum exploration and production activity in your country. There are several
More informationSix good reasons for choosing DNB in the new banking environment
Six good reasons for choosing DNB in the new banking environment Bank of America Merrill Lynch, 18th Annual Banking & Insurance CEO Conference 2013 24 September, London Rune Bjerke, CEO of DNB 1 Reason
More informationSWALA ENERGY LIMITED ACN STATUTORY REPORT FOR THE PERIOD ENDING 31 DECEMBER 2013
ACN 161 989 546 STATUTORY REPORT FOR THE PERIOD ENDING 31 DECEMBER 2013 ACN 161 989 546 CONTENTS Directors Report 2 Corporate Governance Statement 27 Auditor s Declaration of Independence 34 Consolidated
More informationSACU INFLATION REPORT. January 2018
SACU INFLATION REPORT January 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationQuarterly Update CONTENTS. The Dar es Salam Stock Exchange. 1. Market Report A. Equities B. Bonds. 2. New Listings. 3. Strategic Development Matters
The Dar es Salam Stock Exchange Quarterly Update ISSN No. 0856 8448 Issue No. 53 September, 2012 CONTENTS 1. Market Report A. Equities B. Bonds 1. REPORT A. EQUITIES Market Capitalization & Indices Market
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More information2016 HIGHLIGHTS. Reserves. Financial. Operational
ANNUAL FINANCIAL REPORT FOR YEAR ENDED DECEMBER 31, 2016 All financial figures are in US dollars except where otherwise stated 2016 HIGHLIGHTS Reserves Independent reserves evaluation attributed Wentworth
More informationInvestor Presentation
Investor Presentation David Maxwell, Managing Director Important Notice - Disclaimer The information in this presentation: Is not an offer or recommendation to purchase or subscribe for shares in Cooper
More informationHIGHLIGHTS. Corporate. Financial. Operational. Tanzania. Mozambique
INTERIM FINANCIAL REPORT FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2017 All financial figures are unaudited and in US dollars except where otherwise stated HIGHLIGHTS Corporate On May 23, 2017, the Company
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationuarterly Update INSIDE THE DAR ES SALAAM STOCK EXCHANGE ISSN No ISSUE No. 63 DECEMBER, 2014 CEO s MESSAGE CEO S MESSAGE
Q THE DAR ES SALAAM STOCK EXCHANGE uarterly Update ISSN No. 856 8448 ISSUE No. 63 DECEMBER, 214 INSIDE 1 2 3 4 5 6 7 8 CEO s MESSAGE ECONOMIC REVIEW A) Economic Trend MARKET REPORT A. Equities B. Bonds
More informationFor financial adviser use only. Not to be used with retail clients. Guide to Backtesting
For financial adviser use only. Not to be used with retail clients. Guide to Backtesting Backtesting Backtesting can be a useful tool for advisers in order to evaluate the performance of a structured
More informationNAVIGATING A MATURING BULL MARKET II
NAVIGATING A MATURING BULL MARKET II NAVIGATING A MATURING BULL MARKET 1 12 %YY 10 8 6 4 2 0-2 2011 2012 2013 2014 2015 2016 2017 Global AE EM NAVIGATING A MATURING BULL MARKET 2 NAVIGATING A MATURING
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2017 (Base year 2014) Consumer Price Index 1 Release Date: January 2018 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index December 2016 (Base year 2014) Consumer Price Index 1 Release Date: January 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication
More informationSACU INFLATION REPORT. February 2018
SACU INFLATION REPORT February 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSACU INFLATION REPORT. April 2018
SACU INFLATION REPORT April 2018 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index July 207 (Base year 204) Consumer Price Index Release Date: Augest 207 Detailed by: Expenditure groups Household welfare levels Household type Regions Briefing This publication provides
More informationInvestor Presentation. October March AiM: SOLO
October 2009 21 March 2013 AiM: SOLO www.solooil.co.uk Disclaimer This presentation may contain forward-looking statements. Forward-looking statements refer to events and conditions which are not historical
More informationDividend Report. December 2018
Warning: Aberdeen Global has the discretion to determine the and rate of dividend to be distributed. The dividends are not guaranteed and may be investment income, gains or at the discretion of the Board
More informationSACU INFLATION REPORT. December 2017
SACU INFLATION REPORT December 20 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall not
More informationASX Small to Mid Caps Conference
ASX Small to Mid Caps Conference Hong Kong 21 October 2010 Slide 0 ROC OIL COMPANY PROFILE ROC is an ASX-listed upstream oil and gas company 160 employees Asia-Australasia Focus Production assets 2P Reserves
More informationFINAL REPORT 8TH FEBRUARY 2011 COUNTRY : TANZANIA PROJECT NAME : TANZANIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE
Hart Nurse Ltd (United Kingdom) in association with BDO East Africa COUNTRY : TANZANIA PROJECT NAME : TANZANIA EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE TITLE OF CONSULTING SERVICES: RECONCILIATION
More informationuarterly Update INSIDE THE DAR ES SALAAM STOCK EXCHANGE ISSN No ISSUE No. 62 SEPTEMBER, 2014 CEO s MESSAGE CEO S MESSAGE
Q THE DAR ES SALAAM STOCK EXCHANGE uarterly Update ISSN No. 0856 8448 ISSUE No. 62 SEPTEMBER, 2014 INSIDE 1 2 3 4 5 6 7 8 CEO s MESSAGE ECONOMIC REVIEW A) Interest Rate Trend B) Inflation Developments
More informationIsle Of Wight half year business confidence report
half year business confidence report half year report contents new company registrations closed companies (dissolved) net company growth uk company share director age director gender naming trends sic
More informationA S X S P O T L I G H T
A S X S P O T L I G H T B L U E S K Y A L T E R N A T I V E I N V E S T M E N T S L I M I T E D M A Y 2 0 1 4 Private Equity Private Real Estate Hedge Funds Real Assets blueskyfunds.com.au Page 1 DISCLAIMER
More informationFor personal use only
2012 Annual General Meeting Building a portfolio of opportunities to create value November 15, 2012 1 MEO Australia Limited 2011-12 value creation initiatives Key business components People Our competitive
More informationTR-1: Standard form for notification of major holdings
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer
More informationMurat Ozgul, CEO, Genel Energy plc 6 th Kurdistan-Iraq Oil & Gas Conference. London, 5 th December 2016
Murat Ozgul, CEO, Genel Energy plc 6 th Kurdistan-Iraq Oil & Gas Conference London, 5 th December 2016 These materials are being supplied to you by Genel Energy plc (the Company ) solely for your information
More informationU.S. OIL & GAS SNAPSHOT
U.S. THOMSON REUTERS LPC FEBRUARY 2016 Colm (C.J.) Doherty Director of Analysis colm.doherty@thomsonreuters.com 646-223-6821 U.S. Key Points Slides 3-4 Oil & Gas Institutional Loan Defaults Slide 5 Oil
More informationCALENDAR OF IMPORTANT MONETARY AND ECONOMIC POLICY EVENTS
CALENDAR OF IMPORTANT MONETARY AND ECONOMIC POLICY EVENTS 1995 Jan: Effective January 2, the Statutory Minimum Reserve (SMR) Requirement was increased from 12.0 percent to 15.0 percent for all deposit
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. January 2019
7 March 2019 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors January 2019 According to securities statistics, the amount outstanding of equity securities and debt
More informationPRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2017
27 April 2018 AMINEX PLC ( Aminex or the Company ) PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2017 Aminex PLC ( Aminex or the Group or the Company ) today announces its preliminary results for
More informationMarch 20, 2018 Neptune Energy A New Beginning
March 20, 2018 Neptune Energy A New Beginning Disclaimer This confidential presentation (the Presentation ) has been prepared and is issued by, and is the sole responsibility of, Neptune Energy Group Holdings
More informationDevelopment of Economy and Financial Markets of Kazakhstan
Development of Economy and Financial Markets of Kazakhstan National Bank of Kazakhstan Macroeconomic development GDP, real growth, % 116 112 18 14 1 113,5 11,7 216,7223,8226,5 19,8 19,8 19,3 19,619,7 199,
More informationAlgo Trading System RTM
Year Return 2016 15,17% 2015 29,57% 2014 18,57% 2013 15,64% 2012 13,97% 2011 55,41% 2010 50,98% 2009 48,29% Algo Trading System RTM 89000 79000 69000 59000 49000 39000 29000 19000 9000 2-Jan-09 2-Jan-10
More informationSACU INFLATION REPORT. February 2017
SACU INFLATION REPORT February 2017 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationQ HIGHLIGHTS. Financial and Operating Results. Financial. Operational
INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED MARCH 31, 2016 All financial figures are unaudited and in US dollars except where otherwise stated Q1 2016 HIGHLIGHTS Financial Gas sales revenue of $3.21
More informationMexico s Energy Reform. November, 2014
Mexico s Energy Reform November, 2014 Fundamental Principles of the Energy Reform 1 Hydrocarbons in the subsurface belong to the Nation. 2 3 Free market access and direct and fair competition amongst state-owned
More informationWESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, Over(Under) Budget WECC Fund Actual Budget
WESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, 2018 General Fund Actual A B C D E F WECC Fund Actual Revenue Revenue - Faith Giving 1 $ 213 $ 234 $ (22) - Tuition $ 226
More informationHUD NSP-1 Reporting Apr 2010 Grantee Report - New Mexico State Program
HUD NSP-1 Reporting Apr 2010 Grantee Report - State Program State Program NSP-1 Grant Amount is $19,600,000 $9,355,381 (47.7%) has been committed $4,010,874 (20.5%) has been expended Grant Number HUD Region
More informationPerformance Report October 2018
Structured Investments Indicative Report October 2018 This report illustrates the indicative performance of all Structured Investment Strategies from inception to 31 October 2018 Matured Investment Strategies
More informationAGM Investor Presentation 28 September 2011
Toledo Mining Corporation plc AGM Investor Presentation 28 September 2011 Disclaimer The information contained in this presentation ( Presentation ) is confidential to Toledo Mining Corporation PLC ( Toledo
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2018
PRESS RELEASE 10 December 2018 Securities issued by Hungarian residents and breakdown by holding sectors October 2018 According to securities statistics, the amount outstanding of equity securities and
More informationSACU INFLATION REPORT. January 2017
SACU INFLATION REPORT January 2017 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationTR-1: Standard form for notification of major holdings
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer
More informationBT Personal Portfolio Service: Superannuation and Pension. Annual Report for the year ended 30 June 2009
BT Personal Portfolio Service: Superannuation and Pension Annual Report for the year ended 30 June 2009 Contents 3 Recent developments and changes 6 Investment overview 9 Understanding the risks of investing
More informationCommon stock prices 1. New York Stock Exchange indexes (Dec. 31,1965=50)2. Transportation. Utility 3. Finance
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 000 97 98 99 I90 9 9 9 9 9 9 97 98 99 970 97 97 ""..".'..'.."... 97 97 97 97 977 978 979 980 98 98 98 98 98 98 987 988
More informationSERICA ENERGY PLC INVESTOR PRESENTATION CORPORATE UPDATE
SERICA ENERGY PLC INVESTOR PRESENTATION CORPORATE UPDATE January 2019 INTRODUCTION UKCS focused British independent upstream oil and gas company Full cycle portfolio of exploration, development and production
More informationPRESS RELEASE. Securities issued by Hungarian residents and breakdown by holding sectors. October 2017
11 December 2017 PRESS RELEASE Securities issued by Hungarian residents and breakdown by holding sectors October 2017 According to securities statistics, the amount outstanding of equity securities and
More informationGDP Growth Main Drivers
ECONOMIC ANALYSIS: UPBEAT SENTIMENT AS THE ECONOMY CONTINUES TO STRENGTHEN By Fredrick Mbuya, FX Trading Desk Tanzania continues to maintain its positive trend as one of the fastest growing economy in
More informationFull Year 2013 & 4th Quarter 2013 Earnings Webcast. March 10, Buenos Aires, Argentina
Full Year 2013 & 4th Quarter 2013 Earnings Webcast March 10, 2014. Buenos Aires, Argentina Disclaimer Safe harbor statement under the US Private Securities Litigation Reform Act of 1995. This document
More information1 ST QUARTER 2018 EARNINGS WEBCAST. May 09, 2018
1 ST QUARTER 2018 EARNINGS WEBCAST May 09, 2018 DISCLAIMER Safe harbor statement under the US Private Securities Litigation Reform Act of 1995. This document contains statements that YPF believes constitute
More informationSACU INFLATION REPORT. February 2016
SACU INFLATION REPORT February 2016 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationSemi-annual Return of Capital Payments. Alternative to investing in bond ETFs, mutual funds or holding the Underlying Bonds.
January 24, 2014 DEBT LINKED DEBT SECURITIES I RBC Non-Protected Bond RoC Securities, Series 1F 3- Term Semi-annual Return of Capital Payments INVESTMENT HIGHLIGHTS Variable Return linked to a Notional
More informationNasdaq Victory US 100 Large High Div Vol Wt L/C TR
Nasdaq Victory US 100 Large High Div Vol Wt L/C TR The Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Total Return Index is based on the Nasdaq Victory U.S. Large Cap High
More information1. MARKET REPORT EQUITIES. Market Capitalization & Indices
The Dar es Salam Stock Exchange ISSN No. 0856 8448 CONTENTS 1. Market Report A. Equities B. Bonds Issue No. 56 1. REPORT A. EQUITIES Market Capitalization & Indices The Market Capitalization grew by 4.01%
More informationConsumer Price Index (Base year 2014) Consumer Price Index
Consumer Price Index Annual Report of 2016 (Base year 2014) Consumer Price Index 1 Release Date: March 2017 Detailed by: Expenditure groups Household welfare levels Household type Regions 1. Consumer Price
More informationBOK Financial: Commodity Hedging Energy Hedging / A Trader s View
BOK Financial: Commodity Hedging Energy Hedging / A Trader s View February 23, 2017 Energy Finance Overview and expertise Offices in Dallas, Denver, Houston, Oklahoma City and Tulsa 100+ years in Energy
More informationCanadian Oil & Gas Industry: 2015 Fiscal and Economic Priorities
Canadian Oil & Gas Industry: 2015 Fiscal and Economic Priorities Presentation to the Canadian Petroleum Tax Society October 30, 2014 Ben Brunnen 1 Overview About Canada s Oil & gas industry Trends Confronting
More informationRelease date: 14 August 2018
Release date: 14 August 218 UK Finance: Mortgage Trends Update June 218 House purchase activity slows in June but remortgaging activity remains high Key data highlights: There were 34,9 new first-time
More information1Q of FY ending December 31, (0.2) (1.9) 11.3 (0.2) (0.2) (0.2) (0.2) (1.2) (89.2) 0.1
August 6, ISEKI & CO., LTD. Supplementary Information to Consolidated Financial Results (April 1, June 30, ) I. Consolidated business results for the three months ended June 30, (Billions of yen, %) Year-on
More informationPhaunos Timber Fund Investor Presentation 25 April 2017
Phaunos Timber Fund Investor Presentation 25 April 2017 Stafford representatives Stephen Addicott Partner, Stafford Timberland Stephen is a professional forester with 25 years experience in plantation
More informationFUEL PRICE RISK MANAGEMENT POLICY REPORT "FUEL HEDGE"
FUEL PRICE RISK MANAGEMENT POLICY REPORT "FUEL HEDGE" Sep-18 FUEL PRICE RISK MANAGEMENT POLICY REPORT Sep-18 (Office of Management and Budget 09/30/2018) The Fuel Price Risk Management Policy approved
More informationFUEL PRICE RISK MANAGEMENT POLICY REPORT "FUEL HEDGE"
FUEL PRICE RISK MANAGEMENT POLICY REPORT "FUEL HEDGE" December 2018 FUEL PRICE RISK MANAGEMENT POLICY REPORT December 2018 The Fuel Price Risk Management Policy approved by the Board on February 16, 2006
More informationRaising Capital in the Bond Markets
Raising Capital in the Bond Markets John Ong, Head of Capital Markets Sunrise Securities Corp. Capital Link Greek Shipping Forum February 23, 2010 1 Market has enjoyed low rates High Yield Index Yield
More informationCost Estimation of a Manufacturing Company
Cost Estimation of a Manufacturing Company Name: Business: Date: Economics of One Unit: Manufacturing Company (Only complete if you are making a product, such as a bracelet or beauty product) Economics
More informationHalf-Year FY2018 Results & Guidance
Half-Year FY2018 Results & Guidance Contents Highlights 3 Financial Update 8 Guidance 15 Priorities 19 Annexures 23 Disclaimer and important notice This presentation does not constitute investment advice.
More informationThe Outlook for Canada s Oil and Gas Sector. Calgary Real Estate Forum October 21, 2009
The Outlook for Canada s Oil and Gas Sector Calgary Real Estate Forum October 21, 2009 Canada s Oil and Gas Impact on Alberta The oil and natural gas continues to drive almost ½ of the Alberta economy
More informationAnnual Accounts Annika Falkengren President & CEO
Annual Accounts 2014 Annika Falkengren President & CEO Unique economic environment Key Interest rates % 2.00 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Jan-14 Sweden Norway Eurozone Feb-14 Mar-14
More informationAir BP Managed price physical supply. Global expert, local partner.
Air BP Managed price physical supply Global expert, local partner. Making progress against price headwinds Oil markets can be volatile. Even minor changes in world events can cause large and sudden fluctuations
More informationRelease date: 12 July 2018
Release date: 12 July 218 UK Finance: Mortgage Trends Update May 218 Mortgage market sees pre-summer boost as remortgaging continues strong upward trend Key data highlights: There were 32,2 new first-time
More informationKCB INVESTOR AND MEDIA PRESENTATION 2012 FULL YEAR GROUP AUDITED FINANCIAL RESULTS
KCB INVESTOR AND MEDIA PRESENTATION 2012 FULL YEAR GROUP AUDITED FINANCIAL RESULTS 1 Outline 1. East Africa Macroeconomic View 2. The Bank at a Glance 3. 2012 full year KCB group Financial Results 4. Future
More informationWentworth Resources Limited Interim Condensed Consolidated Financial Statements September 30, 2011
Wentworth Resources Limited Interim Condensed Consolidated Financial September 30, 2011 Unaudited Interim Condensed Consolidated Statement of Financial Position As at US 000s, unless otherwise stated September
More informationHeidelbergCement. Results January to March 2007 Heidelberg, 10 May 2007 Dr. Bernd Scheifele, CEO and Dr. Lorenz Näger, CFO
HeidelbergCement Results January to March 2007 Heidelberg, 10 May 2007 Dr. Bernd Scheifele, CEO and Dr. Lorenz Näger, CFO Slide 1-09.05.2007 Contents Overview Key figures Results per Group area Financial
More informationNamibia Consumer Price Index
Namibia Consumer Price Index June, 2016 Namibia Statistics Namibia Consumer Price Index:June, 2016 Agency 1 OUR MISSION In a coordinated manner produce and disseminate relevant, quality and timely statistics
More informationIndustry Trends Watch
Costing Trends - Alberta Asphalt Cement (Edmonton Rack $C/t) The Edmonton rack price for asphalt cement surged to $730 per tonne in early May. The rack price index averaged $655 per tonne in April and
More informationSACU INFLATION REPORT. December 2014
SACU INFLATION REPORT December 2014 The content of this publication is intended for general information only. While precaution is taken to ensure the accuracy of information, the SACU Secretariat shall
More informationReview of Registered Charites Compliance Rates with Annual Reporting Requirements 2016
Review of Registered Charites Compliance Rates with Annual Reporting Requirements 2016 October 2017 The Charities Regulator, in accordance with the provisions of section 14 of the Charities Act 2009, carried
More informationEurozone Economic Watch. November 2017
Eurozone Economic Watch November 2017 Eurozone: improved outlook, still subdued inflation Our MICA-BBVA model for growth estimates for the moment a quarterly GDP figure of around -0.7% in, after % QoQ
More informationFull Year 2017 EARNINGS WEBCAST. March 05, 2018
Full Year 2017 EARNINGS WEBCAST March 05, 2018 DISCLAIMER Safe harbor statement under the US Private Securities Litigation Reform Act of 1995. This document contains statements that YPF believes constitute
More informationCONSUMER PRICE INDEX
CONSUMER PRICE INDEX (Base period: January December 2012 = 100) 3 rd Quarter 2017 1. INTRODUCTION This issue of Economic and Social Indicators presents the Consumer Price Index (CPI) for the third quarter
More informationSenior Secured UK Property Debt Investments Ltd Fact Sheet. As at 31 st July 2017
Senior Secured UK Property Debt Investments Ltd Fact Sheet As at 31 st July 2017 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14
More information