SDX Energy Plc (SDX) 2016年年度报告「LSE」.pdf

1、2016 Annual ReportOur HighlightsFourth Quarter 2016Contents02 Financial and Operating Highlights04 Where We Operate06 Chairmans Statement07 Chief Executives Statement08 Review of Operations14 Reserves Summary15 Board of Directors16 Remuneration Report17 Corporate Governance Statement20 Managements D

2、iscussion&Analysis49 Independent Auditors Report50 Financial Statements54 Notes to the Consolidated Financial StatementsIBC Corporate InformationCorporate and Financial SDXs key financial metrics for the 3 and 12 months ended December 31,2016 and 2015 are as follows:Three months ended December 31Twe

3、lve months ended December 31US$million except per unit amounts 2016 2015 2016 2015Net Revenues 5.4 3.4 12.9 11.4 Netback(1)3.6 1.0 7.6 6.4 Net realized average oil price/service fees-US$/barrel 36.61 33.09 31.50 35.74 Net realized average gas price-US$/mcf 1.22 -1.22 -Non-cash exploration and evalua

4、tion write down -(28.4)-Non-cash impairment expense (4.3)(6.8)(4.3)(6.8)Total comprehensive income/(loss)(2.1)8.5 (28.0)9.4Net cash(used in)/generated from operating activities 0.6 (2.3)(1.9)(5.2)(1)Refer to“Non-IFRS Measures”section of this release below for details of Netback.The above financial m

5、etrics do not reflect any impact of the acquisition of the Egyptian and Moroccan businesses of Circle Oil PLC which completed onJanuary 27,2017;Some relevant financial metrics relating to these acquired businesses are;-Unaudited Revenues and Netback for the 12 months ended December 31,2016 for the b

6、usinesses acquired were US$28.9 MM and US$22.4 MMrespectively-The Fair Value of the net assets acquired as at January 27,2017 amounted to US$59.6 MM of which US$3.1 MM related to cash and US$18.4 MMrelated to non-cash Working Capital excluding deferred income and decommissioning.The following commen