Roundup: Chinese vaccine arrival lifts Pakistani stocks sierraleonetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sierraleonetimes.com Daily Mail and Mail on Sunday newspapers.
Central Petroleum Limited (ASX:CTP) Quarterly Activities - Cashflow Report
Highlights
- Cash balance at the end of the December quarter (the quarter) was $38.5 million, up from the $26.3 million balance at 30 September 2020, reflecting:
- $16.6 million net cash flow from operations (before exploration and finance costs) which includes the receipt of proceeds from the pre-sale of 3.5 PJ of gas to be delivered in 2022 and 2023
- Principal repayments under debt facilities of $1.0 million. Macquarie pre-sale gas deliveries totaled 437 TJ, and 170 TJ of previously over-lifted gas was returned.
- Net Debt was $31.2 million at 31 December, down from $44.6 million at the end of September and $57.8 million 12 months ago.
Business
January 28, 2021
KARACHI: Pakistan Oilfields Limited (POL) profit fell 22 percent to Rs6.649 billion in the half-year ended December 31, 2020, translating into earnings per share (EPS) of Rs23.42, a bourse filing said on Wednesday.
It earned Rs8.568 billion with EPS of Rs30.19, in the corresponding period last year.
The company announced interim cash dividend for the six month period ended December 31, 2020 at Rs20/share, which is equivalent to 200 percent.
Brokerage Arif Habib Limited said, “Topline in Q2FY21 declined by 23 percent YoY, arriving at Rs8,773 million vs Rs11,388 million during the same period last year owed to i) 30 percent YoY slide in realised oil prices, and ii) 4 percent and 6.8 percent YoY drop in oil and gas production, respectively.”
Central Petroleum Limited (ASX:CTP) Range Gas Project Update - Drilling Rig Contracted
Range Gas Project Update - Drilling Rig ContractedBrisbane, Jan 25, 2021 AEST (ABN Newswire) - Central Petroleum Limited (
OTCMKTS:CNPTF) has contracted with Silver City Drilling (NSW) Pty Ltd to have Rig 34 drill three appraisal pilot wells at Central s Range Gas Project in Queensland s Surat Basin. The first well is expected to spud in early April 2021. The Range Gas Project is being progressed under a 50:50 joint venture ( Range JV ) between wholly-owned subsidiaries of Central and Incitec Pivot Limited (
These wells represent the next appraisal stage after the 2019 four-well exploration programme successfully identified a high-quality 2C contingent gas resource of 270 PJ (100% JV) in the proven Walloons CSG play. The three pilot wells are designed to produce water to surface and gas to a local flare in order to provide key subsurface and production data. If successful, this pilot we
Heritage Petroleum obtains license for exploration and production cnc3.co.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnc3.co.tt Daily Mail and Mail on Sunday newspapers.