SDX Energy Plc (SDX) 2017年年度报告「LSE」.pdf

1、SDX Energy Inc.2017 Annual ReportDelivering results across our North African portfolioReserves As at December 31,2017 the Companys working interest share of audited 2P reserveswas 13.5 mmboe(1).This represents a 45%increase on the combined 2P reserves of theCompany and the Egyptian and Moroccan busi

2、nesses of Circle Oil PLC(“Circle Oil”)as atDecember 31,2016.The Companys audited 2P reserves estimate has been audited inaccordance with the COGE Handbook by ERC Equipoise Limited an independentqualified reserves evaluator and auditor.SDXs key financial metrics for the 3 and 12 months ended December

3、 31,2017 and 2016 are;Three months Twelve months ended ended December 31 December 31US$million except per unit amounts 2017 2016 2017 2016Net Revenues 11.0 5.4 39.2 12.9 Netback(2)8.5 3.6 28.9 7.6 Net realized average oil/service fees-US$/barrel 54.39 36.60 46.70 31.51 Net realized average Morocco g

4、as price-US$/mcf 9.72 -9.51 -Depletion,depreciation and amortization(3)(4.8)(0.8)(17.8)(3.3)Non-cash exploration&evaln write down -(28.4)Non-cash impairment expense -(4.3)-(4.3)Gain on acquisition (4.7)-29.6 -Total comprehensive income/(loss)(2.6)0.1 28.3 (28.0)Net cash generated from operating acti

5、vities 15.1 (1.7)21.6 (1.9)Cash and cash equivalents 25.8 4.7 25.8 4.7(1)Using a conversion ratio of 5.8 Mcf:1 boe.(2)Refer to“Non-IFRS Measures”section of this release below for details of Netback.(3)Increased DD&A reflects the impact of the acquisition of Circle Oils producing assets in Egypt andM

6、orocco and the 8”Pipeline in Morocco.The above financial metrics for the three and twelve months ended December 31,2017reflect the impact of the acquisition of the Egyptian and Moroccan businesses of CircleOil(the“Circle Acquisition”)from January 27,2017.The main components of SDXs comprehensive inc