Last $61.16 USD
Change Today +0.37 / 0.61%
Volume 341.5K
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Company Description

Contact Info

200 Peach Street

PO Box 7000

El Dorado, AR 71731

United States

Phone: 870-862-6411

Fax:

in oil and natural gas discoveries made in two shallow-water blocks, SK 309 and SK 311, offshore Sarawak. The company brought on production from five new fields – Serendah, Patricia, South Acis, Permas and Merapuh – during 2013. As of December 31, 2013, total proved reserves of oil and natural gas for Blocks SK 309/311 were 23 million barrels and 331 billion cubic feet, respectively. As of December 31, 2013, total proved reserves booked in Block K were 102 million barrels of oil and 75 billion cubic feet of natural gas. The company also has an interest in deepwater Block H offshore Sabah. The company has a 60% interest in a gas holding area covering approximately 2,000 gross acres in Block P. In 2013, the company acquired an 85% working interest in shallow-water Malaysia Block SK 314A. Total gross acreage for this block is 1.12 million acres. The company has a 75% interest in gas holding agreements for Kenarong and Pertang discoveries made in Block PM 311 located offshore peninsular Malaysia. Australia The company holds six exploration permits in Australia and serves as operator of four of them. The license covers 482 thousand gross acres. The company increased its working interest in the remaining acreage to 100% in 2012 and subsequently farmed out a 50% working interest and operatorship. Block NT/P80 in the Bonaparte Basin, offshore northwestern Australia, covers approximately 1.20 million gross acres. The company’s working interest is 70% and it acquired 3D seismic data over this block during 2013. The company holds 100% working interest in WA-476-P in the Carnarvon Basin permit, which covers 177,000 gross acres. Its WA-481-P in the Perth Basin, offshore Western Australia permit covers approximately 4.30 million gross acres, with water depths ranging from 20 to 300 meters. The company holds a 40% working interest. The company owns a 20% non-operated working interest in permit WA-408-P in the Browse Basin. The permit comprises approximately 417,000 gross acres. Two wells were drilled on the license in 2013. In 2013, the company was awarded permit EPP 43 in the Ceduna Basin, offshore South Australia. The company operates the concession and holds a 50% working interest in the permit, which covers approximately 4.08 million gross acres. Indonesia The company has interests in four exploration licenses in Indonesia and serves as operator of all these concessions. It has a production sharing contract in the Semai II block offshore West Papua. The company has a 28.3% interest in the block, which covers approximately 543 thousand gross acres. The company also has a production sharing contract in the Wokam II block offshore West Papua, Moluccas and Papua. It has a 100% interest in the block, which covers 918 thousand gross acres. The company owns a 100% interest in a production sharing contract in the Semai IV block offshore West Papua. The concession includes 873 thousand gross acres. The company has a production sharing contract at a 100% interest in the South Barito block in south Kalimantan on the island of Borneo. The block covers approximately 745 thousand gross acres. Brunei The company has two production sharing agreements for properties offshore Brunei. The company has a 5% working interest in Block CA-1 and a 30% working interest in Block CA-2. The CA-1 and CA-2 blocks cover 1.44 million and 1.49 million gross acres, respectively. Three wells were drilled in Block CA-1 and three wells were drilled in Block CA-2 in 2013. The partnership group is evaluating development options for Block CA-2. Vietnam The company has a production sharing contract with Vietnam National Oil and Gas Group and PetroVietnam Exploration Production Company, whereby it acquired 65% interest and operatorship of Blocks 144 and 145. The blocks cover approximately 4.42 million gross acres and are located in the outer Phu Khanh Basin. The company licensed existing 2D seismic for these blocks in 2013. The company is granted Vietnam’s government approval to acquire a 60% working interest and operatorship of Block 11-2/11 and the production sharing contract was signed in 2013. The block covers 677 thousand gross ac

 

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Price/Book 1.3x
Price/Cash Flow 4.7x
TEV/Sales 1.1x
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