DOCSLIB.ORG

Expanding Horizons

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Expanding Horizons DANA PETROLEUM IS A FTSE 250 INDEPENDENT OIL & GAS EXPLORATION AND PRODUCTION COMPANY. WE AIM TO DELIVER GROWTH FOR Annual Report and Accounts 2007 SHAREHOLDERS THROUGH THE CREATION AND EXECUTION OF HIGH Tel +44 (0) 1224 652 400 Fax +44 (0) 1224 652 401 IMPACT OPPORTUNITIES IN THE www.dana-petroleum.com NORTH SEA AND EGYPT. EXPANDING HORIZONS Dana Petroleum plc Annual Report and Accounts 2007 designed & produced by Communiqué Associates Limited, Edinburgh and Aberdeen DANA PETROLEUM IS A FTSE 250 INDEPENDENT OIL & GAS EXPLORATION AND PRODUCTION COMPANY. WE AIM TO DELIVER GROWTH FOR Annual Report and Accounts 2007 SHAREHOLDERS THROUGH THE CREATION AND EXECUTION OF HIGH Tel +44 (0) 1224 652 400 Fax +44 (0) 1224 652 401 IMPACT OPPORTUNITIES IN THE www.dana-petroleum.com NORTH SEA AND EGYPT. EXPANDING HORIZONS Dana Petroleum plc Annual Report and Accounts 2007 designed & produced by Communiqué Associates Limited, Edinburgh and Aberdeen SUCCESSFUL ISSUE OF £141.5M 17 CONVERTIBLE exploration wells BOND & NEW planned in 2008 $400M DEBT FACILITY VALUABLE NEW UK OIL FIELDS +30% DISCOVERED AT growth predicted WEST AND EAST in Group production RINNES for 2008 PROVEN & PROBABLE 30 RESERVES producing fields in INCREASED TO UK, Egypt, Norway 165.8 MMBOE & Netherlands (2006 130.6) SIGNIFICANT NEW GAS DISCOVERY AT WEST EL BURULLUS +3 new field 1st developments already sanctioned WELL IN EGYPT in 2008 SUCCESSFUL ISSUE OF £141.5M 17 CONVERTIBLE exploration wells BOND & NEW planned in 2008 $400M DEBT FACILITY VALUABLE NEW UK OIL FIELDS +30% DISCOVERED AT growth predicted WEST AND EAST in Group production RINNES for 2008 PROVEN & PROBABLE 30 RESERVES producing fields in INCREASED TO UK, Egypt, Norway 165.8 MMBOE & Netherlands (2006 130.6) SIGNIFICANT NEW GAS DISCOVERY AT WEST EL BURULLUS +3 new field 1st developments already sanctioned WELL IN EGYPT in 2008 CONTENTS Chairman & Chief Executive’s Review 2 Operational Highlights 7 Corporate & Social Responsibility 18 Business Review 20 Financial Review 28 Directors & Officers 34 Directors’ Report and Accounts 36 Proven and Probable Reserves and Resources 105 Exploration and Production GROWTH Interests as at 31 March 2008 106 2007 HAS BEEN A YEAR OF EXCEPTIONAL GROWTH FOR DANA; OUR EXPERT TEAMS CREATING OPPORTUNITIES, DEVELOPING PROJECTS AND DISCOVERING OIL & GAS. +316% +37% +44% reserves replacement increase in increase in cashflow production from operations 30,514 boepd to £201.8m (2006: 22,285) (2006: £139.9m) +2 +48% significant increase in pre tax acquisitions: profit £143.3m Devon Energy, Egypt, (2006: £97.1m) Ener Petroleum, Norway Dana Petroleum plc Annual Report 2007 1 CHAIRMAN AND CHIEF EXECUTIVE’S REVIEW “DANA deLIVered record PRODUCTION IN 2007 AND IS ON TARGET FOR SIGNIFICANT FURTHER GROWTH IN 2008” 2 Dana Petroleum plc Annual Report 2007 + + + + + INTRODUCTION Alongside production growth, Dana has RESULTS We are delighted to report on another year pursued an ambitious exploration and With 2007 average daily oil and gas of record operating performance with new appraisal programme. Significant effort production growing by 37% to 30,514 boepd highs established for reserves, production, was expended on securing drilling rigs in (2006: 22,285 boepd) and an increased revenue, cashflow and profit. Dana’s what continues to be an extremely tight average realised price of $56.03 per boe management team has also delivered a market for all oilfield equipment. Rigs during 2007 (2006: $48.78 per boe), revenue significant geographic expansion of the were, however, secured for prospects in the for the year increased by 45% to £311.5 Company’s business activities. UK, Norway and Egypt. The 2007 drilling million (2006: £215.3 million). campaign delivered a number of successes Following the successful acquisitions of such as finding gas in the Dutch sector at Profit before tax grew by some 48% to independent oil company Ener Petroleum E18, testing oil at high rates in the Grouse £143.3 million (2006: £97.1 million). Profit in Norway and the substantial Egyptian well in the UK, and discovering oil in two after tax increased by 49% to £61.8 million upstream business of Devon Energy, Dana reservoirs at Storskrymten in Norway, which (2006: £41.6 million), resulting in a 50% has established full operating capability and was the Company’s first well following improvement in earnings per share to 72.17p numerous new business opportunities in two its entry into the Norwegian sector. Good (2006: 48.24p). further proven hydrocarbon provinces. The progress was also made in building Dana’s Cash generated from Group operations Group’s enhanced portfolio now comprises a portfolio of future exploration drilling grew 44% to £201.8 million (2006: £139.9 strong and balanced asset base. It combines opportunities. The Company achieved million). This was supplemented by the a robust production portfolio delivering excellent results in its bids in the UKCS proceeds from a convertible bond issue cashflow from 30 fields, a wide range of 24th Licensing Round, being awarded 16 and a new bank debt facility both of which field development projects and an exciting new blocks, and also secured seven were completed on terms that were very exploration and appraisal drilling programme blocks offshore Norway in the 2007 APA attractive to the Company. Together these with the potential to deliver major upside Licensing Round. facilitated the record £351.3 million net cash over the next two years. Looking ahead, 2008 has started brightly investment made during 2007 on existing During 2007, Dana’s active development and production is expected again to projects and the acquisitions in Egypt and programme and astute commercial deals grow by more than 30%, with output for Norway. The Group closed the year with allowed the Company to continue its the year expected to be in the range of net debt of £71.3 million, equivalent to a delivery of year-on-year production growth. 40,000-45,000 boepd. Seventeen exploration gearing level of just 17%. In particular, the Enoch oil field and the and appraisal wells are planned for 2008, Having completed two significant strategic Cavendish gas field developments both with rigs already secured for 14 of these, acquisitions, and launched the most active achieved first production and have continued representing the most intense year for exploration programme in the Company’s to produce in line with expectations. This exploration in Dana’s history. This forward history, the Directors do not recommend new production was augmented by further programme will target potential reserves of payment of a dividend at this time. This will successful infill drilling within already around 1.4 billion barrels net to Dana over be reviewed once the upside opportunities producing fields. the next two years. within the acquired assets are assessed and the results of the ongoing exploration drilling are known. Dana Petroleum plc Annual Report 2007 3 Chairman & Chief Executive’s Review continued 2007 was also a very successful year for BUSINESS DEVELOPMENT BOARD AND CORPORATE Dana in terms of oil and gas reserves Business development continues to play GOVERNANCE additions, with a substantial increase in a significant role in delivering Dana’s As planned, Angus Pelham Burn will retire proven and probable reserves to a new growth, and over the past few years, as a non-executive director following the record level for the Group at year end. Dana has consistently undertaken a high completion of the next AGM in July 2008. Increases in reserves arose in three areas. level of commercial activity averaging Angus has been a key member of the Firstly, there were upward revisions in a around 10 commercial transactions per Dana Board and always shown great skill, number of producing fields which have year, ranging from exploration farm-ins, intelligence and integrity during more than 8 outperformed earlier forecasts. Secondly, to individual asset deals, to full blown years of service to the Company. We would there were acquisition-related additions in corporate portfolio acquisitions. Typically like to record our thanks and appreciation to Egypt and Norway and at the Cavendish gas this activity is targeted at the strategy of Angus for his significant contribution during field in the UK. Thirdly, reserves were added adding value through front-end exploration the development of the Group and we wish through the new exploration discoveries. work and accelerating cash flow through him a long and happy retirement. Further reserves growth is being sought development and asset trading. 2007 was Following the forthcoming AGM, Ian in 2008, with Dana’s 17 exploration well no exception, with the most significant Rawlinson will assume the role of drilling programme targeting a range of transactions being the acquisition of Devon Chairman of the Remuneration Committee, prospects. Energy Corporation’s Egyptian assets, relinquishing the role of Chairman of the completed in October, and the acquisition of Overall, some 46.3 mmboe of proven and Audit Committee, which will in turn be the Norwegian oil company Ener Petroleum probable reserves were added during assumed by Philip Dayer from the same ASA (now Dana Petroleum Norway AS) in 2007 due to the net effect of discoveries, date. Brian Johnston was appointed July. These transactions have significantly acquisitions, disposals and field revisions. as a non-executive director on 24 April expanded the Company’s horizons and This increase replaced Group production 2008. Brian enjoyed a highly successful delivered a larger, better balanced portfolio of 11.1 mmboe more than three-fold. 34 year career with Bank of Scotland/ of opportunities that the Company will seek Overall, net additions replaced 316% of HBOS, and was latterly Head of Corporate, to exploit over the coming years. Full details production over the calendar year. Group Scotland, for the Bank managing a team of these two major transactions and the proven and probable oil and gas reserves of 600 colleagues in 45 locations.
Load more

Recommended publications
  • Annual Report 2012
    Caledonia Investments Annual report 2012 Annual report Investments Caledonia Caledonia Investments plc Cayzer House Annual report 2012 30 Buckingham Gate Year ended 31 March 2012 London SW1E 6NN tel 020 7802 8080 fax 020 7802 8090 email [email protected] web www.caledonia.com www.caledonia.com Caledonia Investments plc Annual report 2012 85 Chairman Auditor Overview Caledonia is a self‐managed investment company James R H Loudon2 KPMG Audit Plc 1 Company highlights with net assets of £1.1bn, listed on the London 15 Canada Square 2 Chairman’s statement Executive directors Canary Wharf 4 Chief Executive’s report Stock Exchange. Acquired by the Cayzer family William P Wyatt (Chief Executive) London E14 5GL 7 Investment model Stephen A King (Finance Director) in 1951 as a holding company for their various The Hon Charles W Cayzer Registrars Jamie M B Cayzer‐Colvin Capita Registrars Business review shipping interests, Caledonia came into its The Registry 8 Investment review own as an investment company in 1987. It still Non-executive directors 34 Beckenham Road 12 Quoted pool Charles M Allen‐Jones (Senior Independent)1,2,3,4 Beckenham 2,3,4 16 Unquoted pool enjoys the backing of the Cayzer family, who Mark E T Davies Kent BR3 4TU Richard Goblet d’Alviella1 Tel: 0871 664 0300 (calls cost 10p per minute 20 Asia pool collectively own some 47% of the share capital Charles H Gregson1,2,3,4 including VAT, plus network extras) 24 Property pool Roderick D Kent2,4 and from whom it derives its unique long term +44 20 8639 3399 if calling from overseas 26 Funds pool David G F Thompson1,2,3,4 Robert B Woods CBE2,3,4 28 Income & Growth pool investment horizon.
    [Show full text]
  • Digest of United Kingdom Energy Statistics 2017
    DIGEST OF UNITED KINGDOM ENERGY STATISTICS 2017 July 2017 This document is available in large print, audio and braille on request. Please email [email protected] with the version you require. Digest of United Kingdom Energy Statistics Enquiries about statistics in this publication should be made to the contact named at the end of the relevant chapter. Brief extracts from this publication may be reproduced provided that the source is fully acknowledged. General enquiries about the publication, and proposals for reproduction of larger extracts, should be addressed to BEIS, at the address given in paragraph XXVIII of the Introduction. The Department for Business, Energy and Industrial Strategy (BEIS) reserves the right to revise or discontinue the text or any table contained in this Digest without prior notice This is a National Statistics publication The United Kingdom Statistics Authority has designated these statistics as National Statistics, in accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the UK Statistics Authority: Code of Practice for Official Statistics. Designation can be broadly interpreted to mean that the statistics: ñ meet identified user needs ONCEñ are well explained and STATISTICSreadily accessible HAVE ñ are produced according to sound methods, and BEENñ are managed impartially DESIGNATEDand objectively in the public interest AS Once statistics have been designated as National Statistics it is a statutory NATIONALrequirement that the Code of Practice S TATISTICSshall continue to be observed IT IS © A Crown copyright 2017 STATUTORY You may re-use this information (not including logos) free of charge in any format or medium, under the terms of the Open Government Licence.
    [Show full text]
  • Lex 100 P014-024 Winners.Qxp 17/08/2007 15:08 Page 14
    Lex 100 p014-024 Winners.qxp 17/08/2007 15:08 Page 14 Job satisfaction How would you rate your overall job satisfaction? Lex 100 winners 1 Farrer & Co 9.10 2 Harbottle & Lewis LLP 9.00 Analysis = McDermott Will & Emery UK LLP 9.00 This important category is topped this year by Farrer & Co in what’s = Skadden, Arps, Slate, Meagher & Flom (UK) LLP 9.00 been a highly impressive overall performance – the firm appears in every single one of our Lex 100 5 Cleary Gottlieb Steen & Hamilton LLP 8.75 Winners tables, often near the top, the first firm to do so. So why is this 6 Covington & Burling LLP 8.71 mid-sized London firm so popular with trainees? It certainly sounds a fun place 7 Latham & Watkins 8.67 to work and offers six seats in a wide variety of practice areas. There’s a strong 8 Ashfords 8.63 bond between current trainees, who praise the ‘great people and great mix of work’, ‘unique atmosphere’ and ‘sheer breadth of training = Stephens & Scown 8.63 opportunities’. Media boutique Harbottle & Lewis comes next. Trainees here feel they have ‘considerably 10 Bristows 8.60 better quality work than peers, better experience and more exposure’. Then, as last year, there’s a strong showing = Shoosmiths 8.60 by five US firms: McDermott Will & Emery, Skadden, Arps, Slate, Meagher & Flom, Cleary Gottlieb, Covington & 12 Browne Jacobson LLP 8.58 Burling and Latham & Watkins. These firms have not been offering training contracts for that long in London and all have 13 Birketts 8.50 limited intakes.
    [Show full text]
  • Blackrock Strategic Funds Unaudited Interim Report and Accounts
    BlackRock Strategic Funds Unaudited Interim Report and Accounts 30 November 2010 BlackRock Strategic Funds, SICAV Investment Fund incorporated under Luxembourg Law R.C.S. Luxembourg: B 127481 Contents Chairman’s Shareholder Letter 2 Investment Manager’s Report 3 Board of Directors 5 Management and Administration 5 Statement of Net Assets 6 Three year summary of Net Asset Values 10 Statement of Operations and Changes in Net Assets 14 Statement of Changes in Shares Outstanding 16 Portfolio of Investments 20 BlackRock European Absolute Return Fund 20 BlackRock European Opportunities Absolute Return Fund 22 BlackRock European Opportunities Extension Strategies Fund 25 BlackRock European Diversified Equity Absolute Return Fund 28 BlackRock Fixed Income Strategies Fund 43 BlackRock Fund of iShares - Conservative 48 BlackRock Fund of iShares - Dynamic 49 BlackRock Fund of iShares - Growth 50 BlackRock Fund of iShares - Moderate 51 BlackRock Global Currency Absolute Return Fund 52 BlackRock Latin American Opportunities Fund 53 Notes to the Financial Statements 54 General Information 59 Appendix I: Total Expense Ratio 60 Appendix II: Portfolio Turnover Rates 61 Appendix III: Performance 62 Subscriptions may be made only on the basis of the current Prospectus, together with the most recent audited annual report and accounts and unaudited interim report and accounts. Copies are available from the Investor Services Centre, the Transfer Agent, the Manager or any of the Distributors. Unaudited Interim Report and Accounts 1 Chairman’s Shareholder Letter November 2010 Dear Shareholder I am writing to update you on the activities of BlackRock Strategic Funds (BSF / the Company), our Luxembourg UCITS Fund range providing clients with access to BlackRock investment products which seek to take full advantage of the investment powers incorporated in the UCITS III directive.
    [Show full text]
  • E-Learning Most Socially Active Professionals
    The World’s Most Socially Active Oil & Energy Professionals – September 2020 Position Company Name LinkedIN URL Location Size No. Employees on LinkedIn No. Employees Shared (Last 30 Days) % Shared (Last 30 Days) 1 Rystad Energy https://www.linkedin.com/company/572589 Norway 201-500 282 87 30.85% 2 Comerc Energia https://www.linkedin.com/company/2023479 Brazil 201-500 327 89 27.22% 3 International Energy Agency (IEA) https://www.linkedin.com/company/26952 France 201-500 426 113 26.53% 4 Tecnogera Geradores https://www.linkedin.com/company/2679062 Brazil 201-500 211 52 24.64% 5 Cenit Transporte y Logística de Hidrocarburos https://www.linkedin.com/company/3021697 Colombia 201-500 376 92 24.47% 6 Moove https://www.linkedin.com/company/12603739 Brazil 501-1000 250 59 23.60% 7 Evida https://www.linkedin.com/company/15252384 Denmark 201-500 246 57 23.17% 8 Dragon Products Ltd https://www.linkedin.com/company/9067234 United States 1001-5000 350 79 22.57% 9 Kenter https://www.linkedin.com/company/10576847 Netherlands 201-500 246 54 21.95% 10 Repower Italia https://www.linkedin.com/company/945861 Italy 501-1000 444 96 21.62% 11 Trident Energy https://www.linkedin.com/company/11079195 United Kingdom 201-500 283 60 21.20% 12 Odfjell Well Services https://www.linkedin.com/company/9363412 Norway 501-1000 250 52 20.80% 13 XM Filial de ISA https://www.linkedin.com/company/2570688 Colombia 201-500 229 47 20.52% 14 Energi Fyn https://www.linkedin.com/company/1653081 Denmark 201-500 219 44 20.09% 15 Society of Petroleum Engineers International https://www.linkedin.com/company/23356 United States 201-500 1,477 294 19.91% 16 Votorantim Energia https://www.linkedin.com/company/3264372 Brazil 201-500 443 86 19.41% 17 TGT Oilfield Services https://www.linkedin.com/company/1360433 United Arab Emirates201-500 203 38 18.72% 18 Motrice Soluções em Energia https://www.linkedin.com/company/11355976 Brazil 201-500 214 40 18.69% 19 GranIHC Services S.A.
    [Show full text]
  • Speaker Bios
    Safety30 Speaker Bios Matt Abraham HSE Director, Oil & Gas UK No bio Rebecca Allison Asset Integrity Solutions Centre Manager, The Oil & Gas Technology Centre Rebecca is a highly driven and motivated Senior Manager with more than 20 years of experience in the oil and gas sector working for various service companies such as Lloyd’s Register, Aker Solutions and Stork. As manager of the Asset Integrity Solution Centre within the Oil & Gas Technology Centre, Rebecca is responsible for leading the Asset Integrity team to identify and appraise the relevance, readiness and accessibility of existing technology in the market place to meet mature basin asset integrity challenges. She is specifically charged with identifying specific technology gaps that remain in asset integrity through designing and delivering programmes to resolve these gaps. Mario Alonso Digital Solutions Product Leader - Subsea Production Systems & Service, Baker Hughes, a GE Company Mario is a digital solutions product leader at Baker Hugues, a GE Business. He is responsible for the digital solutions portfolio within Subsea Production Systems and Services, and has been focused on development of digital analytics applications for the last 13+ years. Mario has an engineering background and hold a PhD in Multi-Phase Fluid Dynamics. He is a chartered engineer and member of the Institution of Mechanical Engineers. Zev Arnold Executive, Accenture Zev is an executive in Accenture's Industry X.0 Practice and a real-time applications practitioner. In his career, he has helped his clients make improvements in operational performance and integrity, and helped secure their license to operate. He has specialized in real-time infrastructure and analytics, working with the Integrated Operations initiatives of several multinational oil and gas operating companies.
    [Show full text]
  • Glasgow City Council Strathclyde Pension Fund Committee Report By
    ITEM 5(a) Glasgow City Council 10th September 2008 Strathclyde Pension Fund Committee Report by Executive Director of Financial Services Contact: Richard McIndoe Ext: 77383 Corporate Governance – Report to 30th June 2008 Purpose of Report: To advise the Committee of progress during the quarter in respect of the Fund’s Corporate Governance policy, and to confirm investment managers’ compliance with the policy. Recommendation: The Committee is asked to NOTE the contents of this report. Ward No(s): Citywide: 9 Local member(s) advised: Yes No consulted: Yes No PLEASE NOTE THE FOLLOWING: Any Ordnance Survey mapping included within this Report is provided by Glasgow City Council under licence from the Ordnance Survey in order to fulfil its public function to make available Council-held public domain information. Persons viewing this mapping should contact Ordnance Survey Copyright for advice where they wish to licence Ordnance Survey mapping/map data for their own use. The OS web site can be found at <http://www.ordnancesurvey.co.uk> " If accessing this Report via the Internet, please note that any mapping is for illustrative purposes only and is not true to any marked scale 1 1. Background The importance of Corporate Governance and Proxy Voting have long been recognised. The Cadbury Report in 1992, commissioned in response to continuing concern about companies’ standards of financial reporting and accountability and to controversy over directors’ pay clearly stated that “given the weight of their votes, the way in which institutional shareholders use their power to influence the standards of corporate governance is of fundamental importance.” In January 2004, Paul Myners’ report to the Shareholder Voting Working Group re-iterated this.
    [Show full text]
  • MER UK Forum
    PROTECTIVE MARKING (as appropriate) MER UK Forum May 2016 PROTECTIVE MARKING (as appropriate) MER UK Forum OGA Update Andy Samuel Chief Executive May 2016 Presentation title - edit in Header and Footer PROTECTIVE MARKING Government(as support appropriate) since last Forum Prime Minister’s visit to Aberdeen in January 2016 • Involvement Prime Minister and First Minister • UK Inter-Ministerial Group established • OGA contingency planning team in place • Immediate action and bridge to the future • Help retain and redeploy people and skills Globally competitive fiscal regime Aberdeen City Region Deal Supplementary charge down 30% to 10% £250m £180m Petroleum revenue tax down 50% to 0% Westminster and New Oil & Gas New basin-wide investment allowance Holyrood funding Technology Centre Clarifying tax treatment of decom costs OGTC Board established and search Two £20m packages for geophysical surveys underway for Chief Executive Strong engagement and support PROTECTIVE MARKING OGA progress(as appropriate) since last Forum Revitalising exploration MER UK Strategy OGA Corporate Plan January 2016 published Engagements with banks and investors Low oil price contingency team Protecting critical infrastructure 30+ successful continued facilitation interventions eg, discoveries, field extensions and 14th Onshore Round improved operations Licenses offered • 2015 seismic data released • 2016 programme begins summer • Seismic competition awards Asset stewardship Commercial • World-class visualisation facility scorecard meetings behaviours • More flexible
    [Show full text]
  • Uk 500 2006 Accounts
    uk_500_2006_accounts UK 500 2006 Market value and share price at 31 March 2006 UK UK Rank Rank Market Turnover Price Dividend 2006 2005 Company value £m Sector £m £ PER yield (%) Year End 1 1 BP 134,454.8 Oil & gas producers 142,968.1 6.6 10.9 3.4 31/12/2005 2 6 Royal Dutch Shell 121,671.9 Oil & gas producers 175,787.2 18.0 8.3 31/12/2005 3 2 HSBC 109,720.8 Banks 9.7 12.4 4.8 31/12/2005 4 4 Glaxosmithkline 87,547.2 Pharmaceuticals & biotechnology 21,660.0 15.1 18.2 3.2 31/12/2005 5 3 Vodafone Group 72,452.8 Mobile telecommunications 34,133.0 1.2 3.8 31/03/2005 6 5 Royal Bank of Scotland 59,637.1 Banks 18.7 11.1 4.3 31/12/2005 7 8 AstraZeneca 45,775.5 Pharmaceuticals & biotechnology 13,725.7 29.0 17.4 2.9 31/12/2005 8 7 Barclays 43,714.5 Banks 6.7 12.4 4.4 31/12/2005 9 9 HBOS 36,709.1 Banks 9.6 11.7 4.2 31/12/2005 10 14 Anglo American 33,824.4 Mining 16,868.6 22.2 15.9 2.3 31/12/2005 11 15 Rio Tinto 30,976.6 Mining 10,907.8 29.2 13.3 4.1 31/12/2005 12 10 Lloyds TSB 30,842.4 Banks 5.5 12.3 6.9 31/12/2005 13 13 British American Tobacco 29,144.9 Tobacco 9,325.0 13.9 16.5 3.7 31/12/2005 14 16 BHP Billiton 25,952.6 Mining 16,956.3 10.5 17.6 1.7 30/06/2005 15 11 Tesco 25,930.5 Food & drug retailers 33,974.0 3.3 18.6 2.5 26/02/2005 16 12 Diageo 25,723.3 Beverages 9,036.0 9.1 19.6 3.6 30/06/2005 17 20 BG Group 25,338.6 Oil & gas producers 5,424.0 7.2 16.7 0.9 31/12/2005 18 21 Aviva 19,158.1 Life insurance 8.0 10.9 3.8 31/12/2005 19 22 Standard Chartered 18,682.3 Banks 14.3 16.8 2.8 31/12/2005 20 17 BT Group 18,526.6 Fixed line telecommunications
    [Show full text]
  • Roisin Higgins QC
    Advocates Library, Parliament House, Edinburgh, EH1 1RF Telephone: 0131 226 2881 Facsimile : 0131 225 3642 DX ED 549302, Edinburgh 36, LP3 Edinburgh 10 Roisin Higgins QC Year of Call: 2000 Year of Silk: 2015 [email protected] 07739 639083 Professional Career to date Devil Masters: Ian Duguid QC, W James Wolffe QC. 2015: Year of silk 2000: Year of call September 1997 - September 1999:Solicitor, McGrigors (Edinburgh office), Commercial Litigation Department September 1995 - September 1997:Trainee Solicitor, Maclay Murray & Spens (Edinburgh and London offices). Training included experience in commercial litigation, commercial property, venture capital, and mergers and acquisitions. Education & Professional Qualifications Lord Reid Scholarship: (1999-2000) LLB (Hons), Dip LP, University of Glasgow (1990-1995) Areas of Expertise Commercial Contracts Commercial Property Construction and Engineering Intellectual Property Rights Media Law Professional Experience Roisin practised as a solicitor for two years before calling to the Bar in 2000. Since then, she has pursued a practice in commercial litigation and has developed a particular specialism in intellectual property law. In that sphere, she has significant experience in: (i) pharmaceutical and medical patent disputes; (ii) oil and gas patent disputes; (iii) parallel importation of trade marked goods; (iv) trade mark protection for large businesses; (v) protection of copyright and design rights; (vi) broadcasting rights under the Copyright, Designs and Patents Act 1988; and (vi) providing advice to football clubs and cricket and rugby associations in relation to trade mark rights, image rights and rights in footage of sporting events. She is a door tenant at 8 New Square, Lincoln's Inn. Recent Cases East Dunbartonshire Council v Bett Homes Ltd.
    [Show full text]
  • Producing Results
    producing results Annual Report and Accounts 2008 WorldReginfo - a0ccc23f-15ea-478f-80e6-f06799ba3abe results we’re proud of... Dana Petroleum plc is a leading British independent oil company, committed to maximising shareholder value through the creation and execution of high impact opportunities. Contents 1 Highlights 36 Directors’ report and accounts 2 Chairman and Chief 114 Proven and probable reserves Executive’s statement and resources 6 Business review 115 Exploration and production 32 Directors and officers interests as at 31 December 2008 WorldReginfo - a0ccc23f-15ea-478f-80e6-f06799ba3abe Highlights Production 39,365boepd up 29% Revenue £518.0m up 66% Pre-tax profit £191.4m up 34% Earnings per share 111.13p up 51% Cashflow from operations £345.0m up 75% WorldReginfo - a0ccc23f-15ea-478f-80e6-f06799ba3abe 1 Dana Petroleum plc Annual Report 2008 Chairman and Chief Executive’s statement Dear Shareholder It is extremely pleasing to report that excellent progress has been made across all key areas of the Company’s business during 2008. Despite the extremely difficult global economic conditions now prevailing, which have resulted in an unprecedented and rapid deterioration of the oil price over recent months, Dana delivered record profits and earnings per share for the full year. 2008 also saw the achievement of new record highs in oil and gas reserves, production, revenue and cash flow. Dana has developed a strong and balanced asset base combining healthy cash reserves, a robust production portfolio delivering strong cash flow, a range of development opportunities and an extensive and exciting exploration programme. 2008 was Tom Cross, Chief Executive the most active year of exploration in Dana’s history with 11 wells completed during the year, including notable successes in the North Sea and the Nile Delta, with a further four wells being drilled at the year end.
    [Show full text]
  • Trainee Handbook
    THE QUEEN‟S UNIVERSITY OF BELFAST INSTITUTE OF PROFESSIONAL LEGAL STUDIES Trainee Handbook What you need to know about the day-to-day life of the Institute Please note that this Handbook should be read in conjunction with the „on-line‟ information regarding the course. Appendices 1 Regulations for the Postgraduate Diploma in Professional Legal Studies. 2 On-line Legal Resources available to Institute trainees. 3 University Student Anti-Bullying and Harassment Policy. 4 IPLS Procedure for Maintenance and Enhancement of Standards and Quality. 5 Fire Safety. 6 (a) Bar Programme Specification (b) Solicitor Programme Specification 2011-2012 Edition 2 Introduction Dear trainee, On behalf of all our staff may I welcome you to the Institute of Professional Legal Studies. We are delighted to have you join us here and we hope that you will gain much from your time at the Institute. We are all committed to providing you with the very best in vocational legal training. This handbook is intended to help you maximise your time at the Institute by providing easy access to most of the information which you will need about our policies and procedures. Along with the handbook you will find a certificate stating that you have read the handbook and that you will abide by our policies. You will be expected to sign this certificate when you enrol. Throughout your time at the Institute it will be assumed that you know the contents of the handbook and you may find that you encounter considerable difficulties if you do not. We look forward to working with you.
    [Show full text]