Tethys Petroleum: Financial Results – First Cash Profit
Tethys Petroleum Limited today announced its Annual Results for the period ended December 31, 2012. The financials are highlighted by a 66% increase in annual oil and gas revenue and the first year in which the Company has generated a cash profit.(1) Financial Highlights Oil and gas sales of USD38.11 …
Gazprom Neft publishes unaudited IFRS financial results for FY2012
Gazprom Neft has published its unaudited consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY2012. Crude oil and petroleum product prices and a rise in production and refining volumes, together with an increase in the share of sales through premium channels, helped boost revenue by 19.5% …
Gazprom Financial Results: Sales Up in EU, Prices Up and Profits Down
OAO Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended September 30, 2012. Net sales of gas decreased by RUB 157,934 million, or 8%, to RUB 1,829,396 million in the nine months ended September 30, 2012 compared to the nine months ended September …
Max Petroleum: Interim Financials – Revenues Double with Production up 58%
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announces its interim results for the six months ended 30 September 2012. A summary of the Group’s financial and operational highlights are as follows: Financial Highlights Revenue of US$49.2 million during the six months ended 30 …
Tethys Petroleum Limited: Third Quarter 2012 Financial Results
Production Revenues Increase 46% GRAND CAYMAN, CAYMAN ISLANDS – Tethys Petroleum today announced its third quarter 2012 financial results. The results are highlighted by a 46% increase in production revenues over the third quarter of last year. RECENT FINANCIAL HIGHLIGHTS Q3 2012 vs Q3 2011 · Total Oil and Gas …
Gazprom reports its financial results under IFRS for six months ended June 30, 2012
Today OAO Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the six months ended June 30, 2012. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the six months ended …
Bashneft: Net Income in Q1 Reaches US$ 444 million
The Bashneft Group, including JSOC Bashneft and its subsidiaries and affiliates, has announced its preliminary unaudited consolidated financial results for Q1, 2012 prepared in accordance with International Financial Reporting Standards (IFRS). Net income attributable to the parent company’s shareholders in Q1, 2012 amounted to US$ 444 million, thus exceeding the amount of Q1, 2011 by 20%. In Q1, …
Gazprom Neft: Q1 Unaudited Results – Revenue up 19.8% Profit Up 21%
Gazprom Neft has published its unaudited consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for the period ended 31 March 2012. The Company’s performance improved substantially in 1Q 2012 compared to 1Q 2011 due to higher crude and petroleum product prices, increase in hydrocarbon production, oil refining …
Alliance Oil: Revenues up 20% Profit up 57%
The first quarter of 2012 was positive both in terms of the macro environment and the performance of the Company’s upstream and downstream segments. The price of Urals increased by 7.5% quarter-on-quarter. The Russian Rouble strengthened against the US Dollar by 3.1%. Alliance Oil Company’s average daily oil production amounted …
Tethys Petroleum: Revenues Increased by 45%
Tethys Petroleum Limited announced its first quarter 2012 financial results. The results are underlined by a 45% increase in revenues over the first quarter of last year. The Company reports financial results in accordance with International Financial Reporting Standards (“IFRS”). RECENT HIGHLIGHTS — Q1 2012 Total Revenue was USD$6.49 million …