Business
Q3 2013: Steadfast Results
Q3 2013: Steadfast Results.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 4613T Zhaikmunai LP 20 November 2013 \n\nQ3 2013: Steadfast Financial and Operational Results\n \n \nAmsterdam, 20 November 2013 - Zhaikmunai L.P. (LSE: ZKM) (\"Zhaikmunai\"), the oil and gas exploration and production enterprise with assets in north-western Kazakhstan, today announces Zhaikmunai's Third Quarter 2013 (Q3 2013) results for the period from 1 January to 30 September 2013.\n \n \n\nFINANCIAL HIGHLIGHTS\n\n \nThird Quarter (Q3) 2013 Summary\n \nAll figures in US$ millions unless otherwise stated \n\n\n\n\n\n\n\nQ3 2013\n\n\nQ3 2012\n\n\nChange YoY\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAverage production (boepd)\n\n\n43,522\n\n\n39,947\n\n\n9.0%\n\n\n\n\nRevenue from hydrocarbon sales\n\n\n214.7\n\n\n199.8\n\n\n7.4%\n\n\n\n\nEBITDA1\n\n\n127.1\n\n\n129.4\n\n\n(1.8%)\n\n\n\n\nNet income\n\n\n50.1\n\n\n50.6\n\n\n(1.0%)\n\n\n\n\nNet cash used in investing activities\n\n\n(87.1)\n\n\n(53.5)\n\n\n62.8%\n\n\n\n\nDebt\n\n\n652.5\n\n\n450.0\n\n\n45.0%\n\n\n\n\nCash\n\n\n225.0\n\n\n189.5\n\n\n18.7%\n\n\n\n\nAverage Brent crude oil price on which ZKM based its sales (US$ per bbl)\n\n\n106.73\n\n\n102.98\n\n\n3.6%\n\n\n\n\n \nNine Months Ended 30 September 2013 Summary\n \nAll figures in US$ millions unless otherwise stated\n\n\n\n\n\n\n\n9M 2013\n\n\n9M 2012\n\n\nChange YoY\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProduction (boepd)\n\n\n45,414\n\n\n36,859\n\n\n23.2%\n\n\n\n\nRevenue from hydrocarbon sales\n\n\n657.2\n\n\n523.2\n\n\n25.6%\n\n\n\n\nEBITDA1\n\n\n411.6\n\n\n340.5\n\n\n20.9%\n\n\n\n\nNet income\n\n\n161.8\n\n\n137.2\n\n\n17.9%\n\n\n\n\nNet cash used in investment activities\n\n\n(167.4)\n\n\n(153.5)\n\n\n9.1%\n\n\n\n\nDebt\n\n\n652.5\n\n\n450.0\n\n\n45.0%\n\n\n\n\nCash\n\n\n225.0\n\n\n189.5\n\n\n18.7%\n\n\n\n\nAverage Brent crude oil price on which ZKM based its sales (US$ per bbl)\n\n\n104.81\n\n\n104.10\n\n\n 0.7%\n\n\n\n\n \n \n\nCOMMENTARY\n\n \nRevenue and EBITDA\n \nStrong revenue from sales of hydrocarbons stood at US$ 657.2 million, an increase of 25.6%, (or US$ 133.9 million) in comparison to last year's first nine months (US$ 523.2 million). The increase in GTF output over the period, in conjunction with the high oil price environment, has contributed to the outstanding first nine months 2013 revenue.\n \nEBITDA1 stoo...