DOCSLIB.ORG

Annual Report to Shareholders and Appendix 4E

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report to Shareholders and Appendix 4E For Immediate Release ASX Announcement 28 February 2020 2019 Annual Report and Audited Financial Statements Australis Oil & Gas (“Australis” or “Company”) is pleased to provide the 2019 Annual Report including the audited consolidated financial statements for the year ended 31 December 2019. Financial Highlights for 2019 (US$) 2019 Result Increase (decrease) from 2018 Gross Sales Revenue (before royalties) $53 million 56% Average realised sales price $62.12/bbl (6)% Field Netback $29 million 75% EBITDAX $14 million 638% Net Profit after Tax $7 million 8,145% Year end cash position $16 million (58%) Total Borrowings $33 million 230% Operating Highlights for 2019 Production (before royalties) 846,000 bbls 67% TMS Year End Independent Reserves (net) 1 1P 48.6 MMbbls 52% 2P 62.1 MMbbls 25% 3P 93.8 MMbbls 5% Year end Independent Mid Case Resources 1 2C 129.5 MMbbls 20% Net acres leased within the TMS Core 115,000 net acres 5% This ASX announcement was authorised for release by the Australis Disclosure Committee. For further information, please contact: Ian Lusted Graham Dowland Managing Director Finance Director Australis Oil & Gas Limited Australis Oil & Gas Limited +61 8 9220 8700 +61 8 9220 8700 AUSTRALIS OIL & GAS LIMITED ABN 34 609 262 937 Level 29, 77 St. George’s Terrace, Perth WA 6000, Australia • GPO Box 2548, Perth WA 6831 T +61 (8) 9220 8700 • F +61 (8) 9220 8799 www.australisoil.com About Australis Australis (ASX: ATS) is an ASX listed upstream oil and gas company seeking to provide shareholders value and growth through the strategic development of its quality onshore oil and gas assets in the United States of America and Portugal. Australis’ 115,000 net acres within the production delineated core of the oil producing Tuscaloosa Marine Shale provides significant upside potential with an estimated 425 net future drilling locations, and an independently assessed 49 MMbbl of 1P oil reserves (including 3.5 MMbbl producing reserves providing net free cash flow) 1 as well as 130 MMbbl of 2C contingent oil resource.1 The Company was formed by the founders and key executives of Aurora Oil & Gas Limited, a team with a demonstrated track record of creating and realising shareholder value. Footnotes 1. All estimates and risk factors taken from Ryder Scott, report prepared as at 31 December 2019 and generated for the Australis concessions to SPE standards. See ASX announcement released on 11 February 2020 titled “Reserves and Resources Update Year End 2019”. The analysis was based on a land holding of 115,000 net acres. Australis is not aware of any new information or data that materially affects the information included in the referenced announcement and all the material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. Ryder Scott generated their independent reserve and contingent resource estimates using a deterministic method which is based on a qualitative assessment of relative uncertainty using consistent interpretation guidelines. The independent engineers using a deterministic incremental (risk based) approach estimate the quantities at each level of uncertainty discretely and separately. 2. Non-IFRS Financial Measures References are made within this report to certain financial measures that do not have a standardised meaning prescribed by International Financial Reporting Standards (IFRS). Such measures are neither required by, nor calculated in accordance with IFRS, and therefore are considered Non–IFRS financial measures. Field Netback and EBITDAX are Non-IFRS financial measures commonly used in the oil and gas industry. Non-IFRS financial measures used by the Company, including Field Netback, may not be comparable with the calculation of similar measures by other companies. GLOSSARY Term Definition TMS Tuscaloosa Marine Shale bbl(s) Barrel(s) of oil MM Millions bopd Barrels of oil per day Field Oil and gas sales net of royalties, production and state taxes, inventory Netback movements, hedging gains and losses, field-based production expenses but excludes depletion and depreciation EBITDAX Earnings before interest, tax, depreciation, depletion, amortisation and exploration cost expenses. 1P Proved Reserves 2P Proved plus Probable Reserves 3P Proved plus Probable plus Possible Reserves 2C Most Likely Contingent Resource 2 28 February 2020 APPENDIX 4E FINANCIAL YEAR ENDED 31 DECEMBER 2019 AUSTRALIS OIL & GAS LIMITED (ASX: ATS) ABN or equivalent company reference 34 609 262 937 This information should be read in conjunction with the Australis Oil & Gas Limited 2019 Annual Report (which contains the 2019 audited Financial Report and other information required for Appendix 4E) Results for Announcement to the Market (1) Revenue from ordinary activities Increased by 56% from US$33.7 million in 2018 to US$52.6 million in 2019 (1) Profit from ordinary activities after tax Increased by 8146% from a profit of US$85,000 attributable to members for 2018 to a profit of US$7,009,000 for 2019 (1) Net profit for the period attributable to Increased by 8146% from a profit of US$85,000 members for 2018 to a profit of US$7,009,000 for 2019 An explanation of the results is contained within the 2019 Annual Report which can be found on the ASX website or the Australis website at www.australisoil.com (1) Comparisons are made to the financial year ended 31 December 2018 Dividends No dividends have been paid or proposed for the year ended 31 December 2019 (2018: nil) Net Tangible Asset per Security 31 December 2019 31 December 2018 US$0.19 US$0.18 This report is based on audited accounts This ASX announcement was authorised for release by the Australis Disclosure Committee. For further information, please contact either: Graham Dowland Julie Foster Finance Director Company Secretary Australis Oil & Gas Limited Australis Oil & Gas Limited +61 8 9220 8700 +61 8 9220 8700 AUSTRALIS OIL & GAS LIMITED ABN 34 609 262 937 Level 29, 77 St. George’s Terrace, Perth WA 6000, Australia • GPO Box 2548, Perth WA 6831 T +61 (8) 9220 8700 • F +61 (8) 9220 8799 www.australisoil.com Annual Report For the year ended 31 December 2019 Australis Oil & Gas Limited ABN 34 609 262 937 CONTENTS HIGHLIGHTS 2 CHAIRMAN’S LETTER 4 REVIEW OF OPERATIONS 6 FINANCIAL AND CORPORATE REVIEW 20 GLOSSARY 31 SUSTAINABILITY REPORT 32 DIRECTORS’ REPORT 37 REMUNERATION REPORT 45 CONSOLIDATED STATEMENT OF PROFIT OR LOSS 75 AND OTHER COMPREHENSIVE INCOME CONSOLIDATED STATEMENT OF FINANCIAL POSITION 76 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 77 CONSOLIDATED STATEMENT OF CASH FLOWS 78 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 79 DIRECTORS’ DECLARATION 117 AUDITOR’S INDEPENDENCE DECLARATION 118 INDEPENDENT AUDIT REPORT 119 ASX ADDITIONAL INFORMATION 123 CORPORATE DIRECTORY 126 Annual Report 2019 1 Highlights US$7 million 75% net profit field netback increase US$53 million revenue 82% 115,000 leaseholds are TMS Core acres Held By Production (“HBP”) or expire after Jan 2022 Proven Reserves (1P) of 49 million barrels (53% increase) ~200 million barrels resource base 2 Australis Oil & Gas Limited Highlights INITIAL DRILLING PROGRAM (IDP) • Largely met Australis’ strategic objectives without any material safety or environmental incidents • Stewart 30H-1 and Taylor 27H-1 are two of the most economic wells in the TMS showing consistent productivity, lower well costs and highly attractive economics • In aggregate, the IDP wells achieved IP30 productivity of 9% above the TMS Type Curve on a per 1000ft lateral basis • The Company did not consistently drill and complete all wells to planned lateral lengths, however independent analysis confirmed future TMS wells can be when all lessons learned are effectively implemented FINANCIAL • Net profit of US$7 million (compared with US$0.09 million in 2018) • 56% increase in revenue to US$53 million due to new IDP wells production • Field netback increased by 75% to US$29 million with high margin cash flows funding overheads, finance costs and leasing • Significant financial flexibility - year end cash US$16 million - available debt facility of up to a further US$40 million - debt term extended to November 2023 • Hedging program continues to mitigate commodity price risk RESERVES AND CONTINGENT RESOURCES • IDP results generated a substantial increase in reserves and resources year on year - 1P reserves increased by 53% to 49 MMbbl - 2P reserves increased by 25% to 62 MMbbl - 2C resources increased by 20% to 130 MMbbl • Portugal concession areas estimated 2C resource of 458 Bcf gas at year end LAND • Largest acreage holder in the TMS Core • During 2019 increased: - TMS Core Acreage to 115,000 net acres - Held by Production (HBP) acreage by 27% to 37,700 net acres - Average lease life with 82% of leases now HBP or have expiry beyond January 2022 STRATEGY • Patient and disciplined accumulation of oil in ground and an inventory of future locations • Australis believes the TMS Core is becoming an increasingly unique and desirable play, given its characteristics and substantial remaining Tier 1 inventory • Positioned for significant value rerating due to the commercial value of the sizeable undeveloped reserves and resource base of ~200 million barrels of oil Annual Report 2019 3 Chairman’s Letter Clearly 2019 has been a difficult one for the US shale industry and frustrating for our shareholders. Nevertheless, I believe we made substantial progress in creating inherent value in our assets in the Tuscaloosa Marine Shale (TMS), and our operational cashflow and balance sheet puts us in an excellent position to manage this significant asset through short-term volatility. Our unwavering objective is the creation and realisation of shareholder value and the strategy to deliver this requires a perspective beyond shorter term stock market headwinds. The Initial Drilling Program (“IDP”) was completed in such issues are not repeated. It is fundamentally important 2019 with six wells drilled and brought on production.
Load more

Recommended publications
  • 100877-SFT-S-2003 HSE Supervisor PERSONAL DATA
    100877-SFT-S-2003 HSE Supervisor Has over 17 years hands-on experience, including 13 years working in HSE field at several projects. PERSONAL DATA Nationality : Egyptian Birth Date : 27/08/1982 Gender : Male Residence : Currently Iraq EDUCATION : Bachelor of Tourism, Tourism & Hotel High Institute of Luxor (E.G.O.T.H) LANGUAGES Arabic : Native Language English : Good COMPUTER SKILLS : Windows, MS Office, Internet TRAINING COURSES AND CERTIFICATIONS : SPDS Diploma (Safety for Petroleum Drilling and Servicing Operation Diploma). : International General certificates in Occupational safety and health (NEBOSH IGC). : IOSH. : Behavior Based Safety. : How to develop positive Safety Culture. : Incident Reporting and Investigation. : Root Cause Analysis. : Occupational Health and Safety Specialist. : Occupational safety and health administration (510 & 511 – OSHA General). : Supervisory Skills Program. : Firefighting & Advanced Fire Fighting. : H2S. : First aid. : Safety at rig Stop. : NASP. www.egyptrol.com Page 1 of 6 Updated: Apr. 2021 : (QHSE) Induction, 1, 2 & Module Permit to Work 1 & 2. : Stop for Supervisors. : Hazard Communication. : Lock out / Tag out. : Confined Space training. : Ari Hoist Operator Training. : Spill Prevention training. : Asbestos Awareness. : Mechanical Lifting level 1. : Rig Pass. : Tap Root. : First Aid (CPR). : Working at Height. : Scaffolding Safety. : Gas Tester. : Respiratory Protection Training. : Rig Orientation. : Vehicle Passenger. : Risk Management. : Fatigue Management. : Rigging & Lifting. : Hazard identification. : Safety Leadership. : Personal protective equipment’s. : Safety in workshops. : Electrical safety. : Security induction. CHRONOLOGICAL EXPERIENCE RECORD Dates : From Aug. 2019 till now Employer : UCD Iraq (Project Management) Project : Ghraaf Field (PETRONAS) IDC Rigs IDC 54, 55 & 58 Job title : HSE Supervisor Job Description : • Responsible for All HSE procedures, equipment polices and safety officers of IDC Rig 54 with Petro Nass in (Graaf Filed) Iraq.
    [Show full text]
  • Kpmgvaluationdatasourcecom
    KPMGValuationDataSourceCompanyOverview No. Company No. Company No. Company 1 ”Bank ”Saint‐Petersburg” Public Joint‐Stock 46 A. O. Smith Corporation 91 Ability Opto‐Electronics Technology Co.,Ltd. Company 47 A.D.O. Group Ltd. 92 Abiomed, Inc. 2 1‐800‐FLOWERS.COM, Inc. 48 A.G. BARR p.l.c. 93 ABIST Co.,Ltd. 3 1&1 AG 49 A.P. Møller ‐ Mærsk A/S 94 ABIVAX Société Anonyme 4 10x Genomics, Inc. 50 A.S. Création Tapeten AG 95 Abko Co., Ltd. 5 11 bit studios S.A. 51 A10 Networks, Inc. 96 ABL Bio Inc. 6 111, Inc. 52 A2A S.p.A. 97 Able C&C Co., Ltd. 7 11880 Solutions AG 53 A2B Australia Limited 98 ABM Industries Incorporated 8 17 Education & Technology Group Inc. 54 AA plc 99 ABN AMRO Bank N.V. 9 1Life Healthcare, Inc. 55 AAC Technologies Holdings Inc. 100 Abnova (Taiwan) Corporation 10 1st Constitution Bancorp 56 AAG Energy Holdings Limited 101 ABO Wind AG 11 1st Source Corporation 57 AAK AB (publ.) 102 Aboitiz Equity Ventures, Inc. 12 21Vianet Group, Inc. 58 Aalberts N.V. 103 Aboitiz Power Corporation 13 22nd Century Group, Inc. 59 Aamal Company Q.P.S.C. 104 ABOV Semiconductor Co., Ltd. 14 2G Energy AG 60 AAON, Inc. 105 Abpro Bio Co., Ltd. 15 2invest AG 61 aap Implantate AG 106 Abraxas Petroleum Corporation 16 2U, Inc. 62 AAR Corp. 107 Absa Group Limited 17 3‐D Matrix, Ltd. 63 Aareal Bank AG 108 Absolute Clean Energy Public Company Limited 18 360 DigiTech, Inc. 64 Aarti Drugs Limited 109 Absolute Software Corporation 19 361 Degrees International Limited 65 Aarti Industries Limited 110 Abu Dhabi Commercial Bank PJSC 20 3D Systems Corporation 66 Aavas Financiers Limited 111 Abu Dhabi Islamic Bank PJSC 21 3i Group plc 67 AB Electrolux (publ) 112 Abu Dhabi National Oil Company for 22 3M Company 68 AB Fagerhult Distribution PJSC 23 3M India Limited 69 AB Industrivärden (publ) 113 AC Energy Corporation 24 3R Petroleum Óleo e Gás S.A.
    [Show full text]
  • 25 Contractor Headquarters 2012 Iadc Membership Directory
    2012 IADC MEMBERSHIP DIRECTORY Contractor Headquarters Headquarter Locations of IADC Contractor Members IADC contractor members represent the vast majority of companies For complete addresses, phone and fax numbers, Internet addresses, worldwide who own or operate oil-and-gas and geothermal drill- and names of key personnel of individual contractors, please see the ing units, whether on land or offshore. The listing below provides alphabetical listing of drilling contractors. contractor headquarter locations alphabetically by country and city. ALGERIA CANADA FRANCE NEW DELHI DEEPWATER DRILLING & INDUSTRIES HASSI MESSAOUD SASKatCHEWAN GUYANCOURT CEDEX LTD ENTREPRISE NATIONALE DES REGINA STAUBER DRILLING INC DIETSWELL S.A. DEEPWATER DRILLING & SERVICES TRAVAUX AUX PUITS PVT LTD Alberta MAISSE OIL AND NATURAL GAS WilaYA DE OUargla COFOR CORPORATION LIMITED S.A.R.L. INC. IL NUOVO CASTORO CalgarY QUIPPO OIL & GAS INFRASTRUCTURE ALGERIE ENSIGN ENERGY SERVICES INC. PARIS LTD SAXON ENERGY SERVICES INC CAROIL SAS Shiv-vANI OIL & GAS EXPLORATION SERVICES LTD. ARGENTINA SIMMONS GROUP INC TRINIDAD DRILLING GERMANY BUENOS AIRES INDONESIA DLS ARGENTINA LIMITED CAYMAN ISLANDS CELLE ESTRELLA INTERNATIONAL ENERGY HEKLA ENERGY GMBH JAKarta SERVICES GranD CaYman ITAG - TIEFBOHR GMBH PT APEXINDO PRATAMA DUTA TBK QUINTANA WELLPRO S.A. PYRAMID DRILLING INTERNATIONAL PT INDRILLCO BAKTI LTD DEGGENDORF AUSTRALIA DRILLTEC GUT GMBH GROSSBOHR - IRAQ CHINA UND UMWELTTECHNIK QUEENSlanD BaghDAD MittenWALDE SEE P R CHINA, P.26 IRAQ DRILLING COMPANY (iDc) UNTERGRUNDSPEICHEr-
    [Show full text]
  • Annual Report to Shareholders
    Annual Report For the year ended 31 December 2018 Australis Oil & Gas Limited ABN 34 609 262 937 Contents Highlights 1 Chairman’s Letter 2 Operating & Financial Review 4 Glossary 26 Sustainability Report 27 Directors’ Report 33 Remuneration Report 41 Consolidated Statement of Profit or Loss and Other Comprehensive Income 65 Consolidated Statement of Financial Position 66 Consolidated Statement of Changes in Equity 67 Consolidated Statement of Cash Flows 68 Notes to the Consolidated Financial Statements 69 Directors’ Declaration 112 Auditor’s Independence Declaration 113 Independent Audit Report 114 ASX Additional Information 118 Corporate Directory 120 Australis Oil & Gas Limited Highlights INITIAL DRILLING PROGRAM > Meeting Australis’ strategic objectives without any reportable safety or environmental incidents > First well, Stewart 30H-1, outperformed the Tuscaloosa Marine Shale (“TMS”) type curve and is one of the best performing wells in the play with January 2019 revenue in excess of US$2 million. > Capital expenditure is within budget; the Stewart 30H-1 cost approximately US$10.3 million > Rig committed to drill 6 wells, at year end drilling of wells 3 & 4 underway LAND POSITION > Largest acreage holder in the TMS Core > Increased acreage position to 110,000 net core acres from 95,000 net acres at the beginning of 2018 > Long life lease terms - over 74% of leaseholds are Held By Production (“HBP”) or have an expiration beyond 1 January 2021 > At the date of this report, Australis had increased its HBP acreage by 13% with new wells
    [Show full text]
  • The Venture Capital Investment Bank Concept
    THE VENTURE CAPITAL INVESTMENT BANK CONCEPT PIONEERED BY VENTURE CAPITAL BANK (VCBANK) IN THE GCC AND MENA REGION IS THE FIRST INITIATIVE OF ITS KIND THAT IS PRESENTED AND FORMULATED IN AN INVESTMENT BANKING CONTEXT. BY INCORPORATING VENTURE CAPITAL INVESTMENT ACTIVITIES IN A SHARI’AH COMPLIANT INVESTMENT BANKING FORMAT, VCBANK IS ADDING A NEW DIMENSION TO THE REGIONAL AND GLOBAL ISLAMIC INVESTMENT BANKING INDUSTRY THE VENTURE CAPITAL INVESTMENT BANK CONCEPT PIONEERED BY VENTURE CAPITAL BANK (VCBANK) IN THE GCC AND MENA REGION IS THE FIRST INITIATIVE OF ITS KIND THAT IS PRESENTED AND FORMULATED IN AN INVESTMENT BANKING CONTEXT. BY INCORPORATING VENTURE CAPITAL INVESTMENT ACTIVITIES IN A SHARI’AH COMPLIANT INVESTMENT BANKING FORMAT, VCBANK IS ADDING A NEW DIMENSION TO THE REGIONAL AND GLOBAL ISLAMIC INVESTMENT BANKING INDUSTRY THE VENTURE CAPITAL INVESTMENT BANK CONCEPT PIONEERED BY VENTURE CAPITAL BANK (VCBANK) IN THE GCC AND MENA REGION IS THE FIRST INITIATIVE OF ITS KIND THAT IS PRESENTED AND FORMULATED IN AN INVESTMENT BANKING CONTEXT. BY INCORPORATING VENTURE CAPITAL INVESTMENT ACTIVITIES IN A SHARI’AH COMPLIANT INVESTMENT BANKING FORMAT, VCBANK IS ADDING A NEW DIMENSION TO THE REGIONAL AND GLOBAL ISLAMIC INVESTMENT BANKING INDUSTRY THE VENTURE CAPITAL INVESTMENT BANK CONCEPT PIONEERED BY VENTURE CAPITAL BANK (VCBANK) IN THE GCC AND MENA REGION IS THE FIRST INITIATIVE OF ITS KIND THAT IS PRESENTED AND FORMULATED IN AN INVESTMENT BANKING CONTEXT. BY INCORPORATING VENTURE CAPITAL INVESTMENT ACTIVITIES IN A SHARI’AH COMPLIANT INVESTMENT BANKING FORMAT, VCBANK IS ADDING A NEW DIMENSION TO THE REGIONAL AND GLOBAL ISLAMIC INVESTMENT BANKING INDUSTRY THE VENTURE CAPITAL INVESTMENT BANK CONCEPT PIONEERED BY VENTURE CAPITAL BANK (VCBANK) IN THE GCC AND MENA REGION IS THE FIRST INITIATIVE OF ITS KIND THAT IS PRESENTED AND FORMULATED IN AN Annual Report INVESTMENT BANKING CONTEXT.
    [Show full text]
  • Fidante Partners Liquid Strategies ICAV PROSPECTUS
    Fidante Partners Liquid Strategies ICAV An open-ended umbrella Irish collective asset-management vehicle with variable capital and segregated liability between sub-funds formed in Ireland under the Irish Collective Asset-management Vehicles Act 2015 and authorised by the Central Bank pursuant to the Regulations PROSPECTUS 13 July 2017 Table of Contents 1 Important Information .......................................................................................................................1 2 Definitions.........................................................................................................................................5 3 Funds..............................................................................................................................................16 4 Management of the ICAV ...............................................................................................................25 5 Conflicts of Interest.........................................................................................................................30 6 Share Dealings ...............................................................................................................................33 7 Valuation of Assets.........................................................................................................................43 8 Fees and Expenses........................................................................................................................46 9 Taxation..........................................................................................................................................49
    [Show full text]
  • Annual Report 2017 Industry
    Clarkson PLC Rethinking Our Annual Report 2017 Industry Clarkson PLC Annual Report 2017 Clarksons is the world’s leading provider of integrated shipping services Through our ‘best in class’ offer, we bring unique industry connections and expertise to our ever-wider and increasingly diverse client base across all sectors of the shipping and offshore industries, providing unrivalled professionalism and support in the markets in which they operate. Underlying profit Reported profit Dividend Revenue before taxation before taxation per share £324.0m £50.2m £45.4m 73p 2016: £306.1m 2016: £44.8m 2016: £47.3m 2016: 65p Contents Strategic report Financial statements 4 Group at a glance 93 Consolidated income statement 8 Chair’s review 93 Consolidated statement 12 Our business model of comprehensive income 14 Our market context 94 Consolidated balance sheet 16 Chief Executive Officer’s review 95 Consolidated statement of changes 20 Our strategy in equity 22 Business review 96 Consolidated cash flow statement 40 Financial review 97 Notes to the consolidated 42 Risk management financial statements 48 Corporate social responsibility 128 Parent Company balance sheet 129 Parent Company statement Governance of changes in equity 130 Parent Company cash 55 Introduction to corporate governance flow statement 56 Board of Directors 131 Notes to the Parent Company 58 Corporate governance statement financial statements 62 Board and committees 63 Nomination committee report Other information 64 Remuneration committee report 145 Glossary 65 Directors’ remuneration report 148 Five year financial summary 80 Audit committee report IBC Principal trading offices 84 Directors’ report 86 Directors’ responsibilities statement Please visit www.clarksons.com 87 Independent Auditors’ report for more information.
    [Show full text]
  • 5875-Exhibit-AB-20110817-32
    Received by NSD/FARA Registration Unit 08/17/2011 4:44:12 PM OMB NO. 1124-0004; Expires February 28,2014 u.s. Department of justice Exhibit B to Registration Statement Washington, DC 20530 Pursuant to the Foreign Agents Registration Act of 1938, as amended INSTRUCTIONS. A registrant must furnish as an Exhibit B copies of each written agreement and the terms and conditions of each oral agreement with his foreign principal, including all modifications of such agreements, or, where no contract exists, a full statement of all the circumstances by reason of which the registrant is acting as an agent of a foreign principal. Compliance is accomplished by filing an electronic Exhibit B form at http://www.fara.gov. Privacy Act Statement. The filing of this document is required for the Foreign Agents Registration Act of 1938, as amended, 22 U.S.C. § 611 etseq., for the purposes of registration under the Act and public disclosure. Provision of the information requested is mandatory, and failure to provide the information is subject to the penalty and enforcement provisions established in Section 8 of the Act. Every registration statement, short form registration statement, supplemental statement, exhibit, amendment, copy of informational materials or other document or information filed with the Attorney General under this Act is a public record open to public examination, inspection and copying during the posted business hours of the Registration Unit in Washington, DC. Statements are also available online at the Registration Unit's webpage: http://www.fara.gov. One copy of every such document, other than informational materials, is automatically provided to the Secretary of State pursuant to Section 6(b) of the Act, and copies of any and all documents are routinely made available to other agencies, departments and Congress pursuant to Section 6(c) of the Act.
    [Show full text]
  • Challenger Final RGB
    CHALLENGER COMPANY PROFILE INDEX Company Corporate Information 04 - 05 - 06 - 07 Mission & Vision 08 Our Core Values 09 - 10 About Us 11 Why Challenger Limited 12 What We Serve 13 - 14 Where We Serve 15 Corporate Governance 16 Role of The Board of Directors (BOD) 17 Challenger Limited Latest Developments 18 Chellenger Adminsistrative & Operational Entities 19 - 20 Challenger Limited Latest Developments 21 - 22 Drilling Rigs 23 - 24 Work Over Rigs 25 - 26 - 27 - 28 Rig Fleet 29 Challenger Limited Transport Fleet 30 - 31 Challenger Limited Clientele List 32 Challenger Limited Maps 33 Challenger Limited Transport Fleet 34 Tunisia Locations 35 Challenger Certificates & Recognition 36 03 COMPANY CORPORATE INFORMATION 04 COMPANY CORPORATE INFORMATION Ultimate Parent Company: Date of Incorporation: Challenger Limited - Isle of Man October 14th, 1991 Website: Company Number: www.challengerlimited.com 000503v Registered Address: MEA Business Address: Grosvenor House Challenger Limited - Isle of Man 66-67 Athol Street Regional Office - MEA Douglas, Isle of Man Challenger Building IM1 1JE 1 El-Moshier Ahmed Ismail Street Heliopolis 11361, Cairo, Egypt Tel: +202 2268 2810 Fax: +202 2267 6122 Board of Directors: Corporate Administrators: Yelmez Tatanaki, Libyan National KENDRIS Ltd Mühlemattstrasse56 Faiz Tatanaki, Libyan National CH-5001 Aarau Hassan Tatanaki, Libyan National Switzerland Hatem Fakhr, Egyptian National Tel: +41 58 450 5800 Robert Wages, American National Fax: +41 58 450 5853 05 COMPANY CORPORATE INFORMATION Shareholders: Managing Directors: Challenger Group Ltd. A Bermuda incorporated Faiz Tatanaki, Chief Executive Officer Holding Company, owned and controlled by Hatem Fakhr, CFO & Deputy Chief Executive theTatanaki family. CGL currently holds 63.0% of the total shares of Challenger Limited Isle of Man MENA Oil Drilling Company Limited.
    [Show full text]
  • 2008 Egypt Nhdr En.Pdf
    EGYPT HUMAN DEVELOPMENT REPORT 2008 EGYPT HUMAN DEVELOPMENT REPORT 2008 Egypt’s Social Contract: The Role of Civil Society The Egypt Human Development Report 2008 is the major output of the Human Development Project, executed by the Institute of National Planning, Egypt, under the project document EGY/01/006 of technical cooperation with the United Nations Development Programme (UNDP). Design, layout , cover and tapistry photographs Joanne Cunningham Illustration credits A special debt of thanks to the Ramses Wissa Wassef Art Centre for use of designs taken from tapestry weavings. Printed by Virgin Graphics Copyright 2008, United Nations Development Programme, and The Institute of National Planning, Egypt. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission or reference to this source. Local: 2007/26074 ISBN: 977-5023-10-6 ACKNOWLEDGEMENTS Director and Lead Author Heba Handoussa Authors Chapter One Heba Handoussa Sahar Tawila Chapter Two Zinat Tobala Hoda El Nemr Ashraf Al-Araby Chapter Three Amany Kandil Chapter Four Fatma Khafagy Amany Kandil Leila El Baradei Chapter Five Samer Soliman Chapter Six Hania Sholkamy Chapter Seven Alia El Mahdi Heba Handoussa Chapter Eight Malak Rouchdy Inas Hegazy Fadia Elwan Chapter Nine Habiba Hassan- Wassef Chapter Ten Emad Adly Mostafa Madbouly Chapter Eleven Maged Osman Randa Fouad Gillian Potter Chapter Twelve Hoda El Nemr Gillian Potter INP Ola El Hakim Hoda El Nemr Zinat Tobala Mahmoud Abdel Contributors Ashraf Al-Araby Azza Elfandary Nivine Kamal Hay Ahmed Soliman Ahmed Abdelbaky Magda Ebrahim Sahar Aboud Editor and Gillian Potter Advisor Readers Osman M.
    [Show full text]
  • Ngs Super Portfolio Holdings Disclosure
    NGS SUPER PORTFOLIO HOLDINGS DISCLOSURE DEFENSIVE - INCOME Effective date: 31 DEC 2020 AUSTRALIAN SHARES A2 MILK COMPANY LTD ABACUS PROPERTY GROUP AINSWORTH GAME TECHNOLOGY LIMITED ALTIUM ALUMINA LIMITED AMCOR PLC AMP LIMITED AMPOL LIMITED ANSELL LIMITED APA GROUP APPEN LTD ARB CORPORATION LIMITED ARISTOCRAT LEISURE LIMITED ASALEO CARE LTD ATLAS ARTERIA AUSNET SERVICES LIMITED AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED AUSTRALIAN VINTAGE LTD BELLEVUE GOLD LIMITED BHP GROUP LTD BRAMBLES LIMITED BWP TRUST CAPRAL LIMITED CASH CHALLENGER LIMITED CHARTER HALL GROUP CHARTER HALL RETAIL REIT CHORUS LIMITED CLEANAWAY WASTE MANAGEMENT LTD Issued by NGS Super Pty Limited ABN 46 003 491 487 AFSL No 233 154 the trustee of NGS Super ABN 73 549 180 515 ngssuper.com.au 1300 133 177 NGS SUPER – PORTFOLIO HOLDINGS DISCLOSURE 1 DEFENSIVE - INCOME Effective date: 31 DEC 2020 COCA-COLA AMATIL LIMITED COLES GROUP LTD COMMONWEALTH BANK OF AUSTRALIA CONTACT ENERGY LIMITED CROWN RESORTS LIMITED CSL LIMITED CSR LIMITED DERIVATIVES DOMINO'S PIZZA ENTERPRISES LIMITED ELDERS LIMITED EVENT HOSPITALITY & ENTERTAINMENT LTD EVOLUTION MINING LIMITED FAR LTD FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED FLETCHER BUILDING LIMITED FLIGHT CENTRE TRAVEL GROUP LIMITED G.U.D. HOLDINGS LIMITED G8 EDUCATION LIMITED GOODMAN GROUP HARVEY NORMAN HOLDINGS LTD HEALIUS LIMITED HOME CONSORTIUM HT&E LTD IGO LIMITED IMPEDIMED LIMITED INCITEC PIVOT LIMITED INGHAMS GROUP LTD INSURANCE AUSTRALIA GROUP LIMITED IPH LTD JAMES HARDIE INDUSTRIES PLC JB HI-FI LIMITED KATHMANDU HOLDINGS LIMITED
    [Show full text]
  • Annual Report 2020 Is Sent to Shareholders
    CORPORATE DIRECTORY ABN 27 009 066 648 Registered Office Level 1, 45 Royal Street East Perth WA 6004 Tel: +61 8 6241 3800 [email protected] Principal Administrative Office PT17212 Jalan Gebeng 3 Kawasan Perindustrian Gebeng 26080 Kuantan, Pahang Darul Makmur Malaysia Tel: +60 9 582 5200 Fax: +60 9 582 5291 [email protected] Share Register Boardroom Pty Ltd Level 12, Grosvenor Place 225 George Street Sydney NSW 2000 Australia Tel: +61 2 9290 9600 Fax: +61 2 9279 0664 [email protected] Auditors Ernst & Young 200 George Street Sydney NSW 2000 Australia 2020 ANNUAL REPORT www.lynascorp.com Contents Letter from the Chairman ii CEO Review v Consolidated Financial Report 1 Corporate Directory Information 2 Directors’ Report 4 Sustainability Statement 18 Remuneration Report – Audited 19 Directors’ Declaration 31 Auditor’s Independence Declaration 32 Independent Auditor’s Report 33 Consolidated Statement of Profit or Loss and Other Comprehensive Income 40 Consolidated Statement of Financial Position 41 Consolidated Statement of Changes in Equity 42 Consolidated Statement of Cash Flows 43 Notes to Consolidated Financial Statements 44 Mineral Resources and Ore Reserves 75 Additional Information 78 Cover photography by Martine Perret Lynas Corporation Limited | 2020 Annual Report i Letter from the Chairman It gives me great pleasure to present the 2020 Annual Report to our shareholders. Due to the effects of the COVID-19 pandemic, the second half of the financial year was particularly challenging for people and businesses all over the world. For Lynas, this included a six-week temporary production halt as a result of the Malaysian government’s Movement Control Order.
    [Show full text]