This performance has led to annual revenue of US$127 million (before hedge settlements) and EBITDAX
of US$93 million, levels last achieved by the Company in FY 2014 when oil prices were over 50% higher than current prices.
The company is increasing its 2019 production outlook from a range of 13,000 14,000 boe/d to 13,700-14,700 boe/d and increasing its 2019 EBITDAX
outlook from a range of USD 140-USD 160m to USD 145-USD 165m.
for the six-month period increased to Dh 814 million compared to Dh480 million in the same period last year.
Petsec Energy (ASX:PSA) said today its earnings before interest, tax, depreciation, depletion, amortisation and exploration costs (EBITDAX
) was US$31.3 million in 2009 calendar year.
For the six-month period ended June 30, Dana Gas generated total revenues of Dh550 million, with a gross profit of Dh165 million, a net profit of Dh360 million and Ebitdax
of Dh1.02 billion, over three times the amount achieved in the same period last year.
This news release contains the terms 'Netback,' and 'EBITDAX
', which are not recognised measures under IFRS and may not be comparable to similar measures presented by other issuers.
Realized adjusted EBITDAX
over $24 per barrel of oil equivalent sold
, Unhedged was $158.1M for the first quarter, down 5% year-over-year and down 29% sequentially.
Ample Covenant Headroom: Financial covenants, as defined in the credit facility agreement, consist of a maximum debt to book capitalization of 60% (24% as of June 30, 2018) and EBITDAX
to interest expense ratio of at least 2.5x (8.95x).Other covenants across the debt instruments restrict the ability to incur additional liens, engage in sale/leaseback transactions, and merge, consolidate or sell assets, as well as change in control provision.
The firm posted adjusted EBITDAX
of USD144.7m in the quarter ended September 30, 2017, up 120 percent over the year-ago period.
Blane is a low operating cost field and the derived 2016 EBITDAX
attributable to the Blane Interest was USD 5.4m.
Earnings before interest, tax, depreciation, amortisation and exploration (EBITDAX
) were Dh459 million, compared to Dh403 million in the first quarter of last year, an increase of 14 per cent.