- Market capitalisation of A$494m at A$0.38 per share on 30 April 2014 (1,301.2m shares)
- Current net production:
Maari/Manaia 900 bopd priced at Brent plus US$5-6
Beibu Gulf 3,400+ bopd priced at Brent less US$4
- Current EBITDA ~US$11m per month
- Forecast exit 2014 production ~5,000 bopd net
- 2P reserves of 16.0 mmbo and 2C contingent resources of 16.1 mmbo/335 bcf gas, post Osaka Gas transaction
- Prospective resources of 111 million barrels of oil equivalent (mmboe) best estimate, post Osaka Gas transaction
- US$150m reserves-based lending facility in place
- At 31 March 2014:-
Cash on hand US$23.2m
Convertible bond US$80.0m (matures June 2016, unless converted prior)
Drawdown on US$160m facility US$119.2m
Net debt US$176.0m
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