Last kr125.80 SEK
Change Today +1.20 / 0.96%
Volume 1.3M
LUPE On Other Exchanges
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As of 11:30 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

lundin petroleum ab (LUPE) Snapshot

Open
kr124.50
Previous Close
kr124.60
Day High
kr126.00
Day Low
kr122.80
52 Week High
09/19/13 - kr143.60
52 Week Low
02/5/14 - kr109.30
Market Cap
39.1B
Average Volume 10 Days
693.5K
EPS TTM
kr0.10
Shares Outstanding
311.1M
EX-Date
--
P/E TM
184.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for LUNDIN PETROLEUM AB (LUPE)

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lundin petroleum ab (LUPE) Details

Lundin Petroleum AB (publ), an oil and gas company, engages in the exploration, development, and production of oil and gas properties. The company’s principal exploration and production assets are located in Norway and South East Asia. It also has assets in France, the Netherlands, Russia, Malaysia, and Indonesia. As of December 31, 2013, the company’s proven and probable reserves were 194 million barrels of oil equivalent. Lundin Petroleum AB (publ) is headquartered in Stockholm, Sweden.

453 Employees
Last Reported Date: 04/16/14

lundin petroleum ab (LUPE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.8M
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $1.3M
Senior Vice President of Operations and Membe...
Total Annual Compensation: $910.0K
Compensation as of Fiscal Year 2013.

lundin petroleum ab (LUPE) Key Developments

Lundin Petroleum AB Completes Tembakau Appraisal Well in Malaysia

Lundin Petroleum AB announced that it has completed the first well in its 2014 Malaysian drilling campaign with the successful drilling and testing of Tembakau-2 appraisal well in Block PM307, offshore Malaysia. Tembakau-2 was drilled by West Prospero to a depth of 1,450 metres in 68 metres water depth. The well targeted stacked gas reservoirs in Miocene aged sands in a large, low-relief, structure discovered by Lundin Petroleum's Tembakau-1 well in late 2012. Tembakau-2 is 3.7 kilometres to the south of the discovery well and penetrated 22 metres of gross gas sands in four sand intervals between 900 metres and 1300 metres subsea. The main two reservoirs penetrated were fully cored and the well was comprehensively logged. The reservoir deliverability was measured through production testing. The "I20" sand produced at stabilised flow rate of 15.8 million standard cubic feet per day of gas over a 8 hour period on 64/64" choke and the "I10" sand produced at stabilised flow rate of 15.9 million standard cubic feet per day of gas over a 8 hour period on 72/64" choke. Each perforated interval was 3 metres. The gas produced is dry with approximately 0.5% CO2. Multiple samples were obtained for further laboratory analysis. The data gathered will be analysed and integrated with 3D seismic information to update the current gross contingent resource estimate of gas and to provide reservoir information for conceptual development studies. The well has been plugged and abandoned and the West Prospero rig has moved to the Bertam oil field well head platform location, also in PM307, to commence development drilling.

Lundin Petroleum AB Reports Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Year 2015 and Reaffirms Production Guidance for 2014

Lundin Petroleum AB reported earnings and operating results for the second quarter and six months ended June 30, 2014. For the six months, the company reported revenue of USD 460.8 million against USD 594.1 million a year ago. EBITDA was USD 349.3 million against USD 517.6 million a year ago. Operating cash flow was USD 497.0 million against USD 498.6 million a year ago. Net result was USD 0.8 million against USD 48.2 million a year ago. Net debt was USD 1,777 million compared to USD 1,192 million as of December 31, 2013. For the second quarter, the company reported revenue of USD 225.4 million against USD 283.8 million a year ago. EBITDA was USD 171.5 million against USD 243.1 million a year ago. Operating cash flow was USD 241.0 million against USD 240.8 million a year ago. Net loss was USD 2.4 million against net income of USD 1.2 million a year ago. For the second quarter, the company’s production was 27.5 Mboepd compared to 34.8 Mboepd a year ago. For the six months, the company’s production of 28.1 Mboepd compared to 35.2 Mboepd a year ago. The company's forecast production will increase significantly in 2015 with production start-up from the Bøyla, Bertam and Edvard Grieg oil field developments. The company's retain its 2015 average production forecast of approximately 50,000 boepd and expect to exit 2015 in excess of 75,000 boepd when all these projects are onstream. The company retains its 2014 production forecast at 24,000 to 29,000 boepd. The 2014 forecast has been impacted by the delays to the Brynhild field development first oil and the recent sale of its Russian onshore production.

Lundin Petroleum AB (publ), Q2 2014 Earnings Call, Aug 06, 2014

Lundin Petroleum AB (publ), Q2 2014 Earnings Call, Aug 06, 2014

 

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Industry Analysis

LUPE

Industry Average

Valuation LUPE Industry Range
Price/Earnings 100.0x
Price/Sales 5.1x
Price/Book 4.6x
Price/Cash Flow 10.6x
TEV/Sales 3.3x
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