Beacon Energy PLC2021年年度报告.pdf

1、 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2021 CONTENTS Page Chairmans Report 1 Directors Report 3 Statement of Directors Responsibilities 7 Independent Auditors Report 8 Consolidated Statement of Comprehensive Income 13 Consolidated Statement of Financial Position 14 Consolidated Stat

2、ement of Changes in Equity 15 Consolidated Cash Flow Statement 16 Notes to the Financial Statements 17 Statement of compliance with the QCA Corporate Governance Code 35 Corporate Information 42 1 CHAIRMANS REPORT Im pleased to provide the following statement to support the final results for the year

3、 ended 30 April 2021.This was the first full year of Advance Energy,having established the rebranded company in February 2020 and set out our strategic objectives in March 2020.Those objectives focused on growing the Company through strategic partnerships on compelling projects where we could identi

4、fy and unlock material upside with a view to establishing near-term cash flow and significant value accretion.Im pleased to report that the Company made big strides towards our long-term objectives in this first year.The reverse takeover transaction that saw Advance Energy farm into the Buffalo Fiel

5、d in East Timor alongside Carnarvon Petroleum is the perfect embodiment of our strategy given the proven resources and the highly material cash flow that we believe can be unlocked from that asset.It also saw us establishing a 50/50 joint venture alongside an Operator with a strong track record in t

6、he region and a shared vision for the potential that remains in the Buffalo Field.We were delighted to complete that transaction in April of this year,having completed an equity placing of 21.8m with new and existing shareholders.The fact that we were able to raise that equity,at a time when the mar