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Eco (Atlantic) Oil and Gas Ltd Announces Audited Results for the Year Ended 31 March 2024

Eco (Atlantic) Oil and Gas Ltd Announces Audited Results for the Year Ended 31 March 2024

Eco (Atlantic) Oil and Gas有限公司宣布2024年3月31日年度审核结果。
Accesswire ·  07/30 02:00

TORONTO, ON / ACCESSWIRE / July 30, 2024 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSX‐V:EOG), the oil and gas exploration company focused on the offshore Atlantic Margins, is pleased to announce its audited results for the year ended 31 March 2024.

加拿大多伦多/ACCESSWIRE/2024年7月30日/Eco (Atlantic)Oil & Gas Ltd.(AIM:ECO)(TSX‐V:EOG)是一家注重海洋边缘油气勘探的石油和天然气勘探公司,并很高兴地宣布其截至2024年3月31日的审计结果。

Highlights:

亮点:

Financials (as at 31 March 2024)

财务情况(截至2024年3月31日)

  • The Company had cash and cash equivalents of US$2.97 million and no debt as at 31 March 2024.

    • Following a significant reduction in costs (including G&A, professional fees and operating expenses) as of the time of publication, Eco has a cash position of ca.US$1.5 million.

  • The Company had total assets of US$31.3 million, total liabilities of US$1.25 million and total equity of US$30.0 million as at 31 March 2024.

  • 截至2024年3月31日,该公司现金及现金等价物为297万美元,无债务。

    • 自该公告发表时开始,由于成本(包括总务,专业费用和营业费用)显著降低,Eco现金储备达到约150万美元。

  • 截至2024年3月31日,该公司的总资产为3130万美元,总负债为125万美元,总权益为3000万美元。

Post-period end

Eco使其数据库增加了约1383平方公里的PEL100(Tamar block)的2D数据,由该团队进行技术评估和解释,以确定区块内新的地震勘探区域以及新的线索和前景。

  • Following the successful farm-out deal of Block 3B/4B, Eco expects to receive a first tranche of US$8.3 million during August 2024, subject to customary closing conditions being met. The resultant proceeds are expected to give Eco a cash and cash equivalents position of c.US$10 million, with no near-term capital commitments for operational expenses.

  • 在成功的Block 3B/40亿踏勘交易后,Eco预计将于2024年8月收到830万美元的第一笔分期付款,前提是满足惯例结算条件。预期收入将使Eco现金储备达到约1000万美元,在营业费用上没有近期的资本承诺。

Operations:

运营:

South Africa

南非

Block 1 (post-period end)

Block 1(期后)

  • In June 2024, Eco announced a Farm-In into Block 1 Offshore South Africa Orange Basin. The Company will acquire a 75% Working Interest ("WI") from Tosaco Energy (Proprietary) Limited ("Tosaco") and will become Operator of a new Exploration Right.

  • Block 1 has significant 2D and 3D seismic data already completed and no additional seismic acquisition or drilling of wells is committed in the three-year carried period. Eco intends to complete the interpretation and analysis required for its planned Work Program with its in-house exploration team. The Farm-in is subject, inter alia, to normal Governmental approvals and no field activity is currently planned that requires environmental permitting.

  • 2024年6月,Eco宣布进军南非橙色盆地1号海域。该公司将从Tosaco Energy(Proprietary)Limited ("Tosaco")处获取75%的工作权益("WI"),并成为新的勘探权的运营商。

  • Block 1已经完成了重要的2D和3D地震数据工作,在三年的承诺期内,不需要进行任何额外的地震勘探或钻井。Eco计划利用公司内部勘探团队完成所需的解释和分析,以完成计划中的工作方案。Farm-in交易还需要各方正常的政府批准,目前没有计划需要环保许可的现场活动。

Block 3B/4B

Block 3B/4B

  • In March 2024, Eco and its JV partners signed a farm-out transaction with TotalEnergies EP South Africa B.V., who will become Operator ("TotalEnergies") and QatarEnergy International E&P LLC ("QatarEnergy"). Under the agreement, Eco would retain a 13.75% Participating Interest in Block 3B/4B, offshore the Republic of South Africa.

  • 在2024年3月,Eco和其合作伙伴与TotalEnergiesEP South Africa b.V.签署了一份Block 3B/40亿踏勘交易,对于于南非共和国海域的Block 3B/40亿,TotalEnergies将成为其运营商,QatarEnergy International E&P LLC将是其合作伙伴。根据协议,Eco将保留Block 3B/40亿的13.75%的参与权。

Post-period end

Eco使其数据库增加了约1383平方公里的PEL100(Tamar block)的2D数据,由该团队进行技术评估和解释,以确定区块内新的地震勘探区域以及新的线索和前景。

  • On July 29, 2024, the Company announced the signing of an agreement to sell a 1% interest in Block 3B/4B in exchange for cancellation of all of Africa Oil's shares and warrants in Eco (worth C$ 11.5m). Upon Completion of the transaction, Eco will hold a fully carried 5.25% interest in Block 3B/4B Offshore South Africa, reducing from the current 6.25%.

  • Upon closing, which is expected to occur in August 2024, Total will assume operatorship and will lead the drilling planning and preparations.

  • 2024年7月29日,该公司宣布签署一份协议,以出售Block 3B/40亿中的1%权益,换取Eco持有的非洲石油公司的所有股票和认股权证,价值1150万加元的交易。该交易完成后,Eco持有Block 3B/40亿的100%权益中被完全持有的5.25%的利益下调至目前的6.25%。

  • 预计将于2024年8月结算,Total将担任操作员,负责领导钻探计划和准备工作。

Block 2B (post-period end)

Block 20亿(期后)

  • In June 2024, the Company relinquished its 50% WI Operated offshore Block 2B where it drilled its 2022 Gazania-1 well offsetting the AJ-1 oil discovery. The Company has completed all necessary documentation, and environmental audits, and has informed the Petroleum Agency of South Africa ("PASA"), the regulator for the Government of South Africa.

  • 在2024年6月,该公司放弃了其50%的工作权益,撤离了Block 20亿海域,该区域曾在其2022年Gazania-1井油气发现后进行了偏移。公司已完成所有必要的文件和环境审计,并通知南非石油管理机构("PASA"),即南非政府的监管机构。对于Eco的四个海上石油勘探许可证("PEL"):97、98、99和100,多块Farmout交易仍在进行中。Eco在每个PEL中持有运营权和85%的工作权益,代表着Walvis Basin的总面积为28,593平方公里。

Namibia

纳米比亚

  • A multi-block farmout process remains underway for all or part of Eco's four offshore Petroleum Exploration Licences ("PEL"): 97, 98, 99, and 100. Eco holds Operatorship and an 85% Working Interest in each PEL representing a combined area of 28,593 km2 in the Walvis Basin.

  • 期后

Post-period end

Eco使其数据库增加了约1383平方公里的PEL100(Tamar block)的2D数据,由该团队进行技术评估和解释,以确定区块内新的地震勘探区域以及新的线索和前景。

  • Eco added ~1,383km 2D data licensed on PEL100 (Tamar block) to its database, which is being technically evaluated and interpreted by the team to define additional seismic acquisition areas within the Block, along with new leads and prospects.

  • Eco已将位于PEL100(Tamar Block)的约1383公里2D数据授权添加到其数据库中,团队正在对其进行技术评估和解释,以定义区块内的额外地震采集区域,以及新的前景和展望。

Guyana

圭亚那

  • An active farmout process continues for the offshore Orinduik Block. Eco was encouraged to note the recent news from neighbouring Stabroek block, where the Operator ExxonMobil is planning for a seventh development at Hammerhead.

  • 离岸奥林德伊克区块正在进行积极的转让进程。Eco很高兴看到邻近的Stabroek区块最近的消息,ExxonMobil运营商计划在Hammerhead进行第七次开发。

Investor Meet Company

投资者见公司

  • Gil Holzman, President and Chief Executive Officer will provide an Annual Results Investor Update via Investor Meet Company today at 14:00 BST. The presentation is open to all existing and potential shareholders and questions can be asked at any time during the live presentation. More information about the presentation can be found in the Company's announcement of 24 July 2024.

  • Gil Holzman, 总裁兼首席执行官将于今天14:00 BSt通过投资者会议公司提供年度业绩投资者更新。演讲对所有现有和潜在股东开放,直播期间任何时候可以提问。更多有关演讲的信息可以在公司2024年7月24日的声明中找到。

Gil Holzman, President and Chief Executive Officer of Eco Atlantic, commented:

Eco Atlantic的总裁兼首席执行官Gil Holzman评论道:

"We made considerable progress across our asset portfolio during the financial year to 31 March 2024. This has been achieved at a time when we have had a strict focus on costs, which has seen the Company operate with non dilutive financings for the last two years, and agree a farm-out on Block 3B/4B which will significantly increase our cash resources, and leaves tremendous upside potential on the table in the event a discovery is drilled on the block.

“我们在截至2024年3月31日的财年中在资产组合方面取得了相当大的进展。这一成就在我们严格控制成本的同时实现,公司在过去两年中一直保持着非稀释性融资,并同意转让3B/40亿区块,这将大大增加我们的现金资源,并为探井发现留下了巨大的上涨潜力。

"In Namibia and Guyana, we have active farm-out processes underway, and we are very upbeat about the number and calibre of the companies we have had in our data rooms. Both jurisdictions remain at the forefront of global hydrocarbon exploration and we are confident of delivering a positive update on both in due course.

“在纳米比亚和圭亚那,我们正在进行积极的资产转让进程,我们对进入数据室的企业数量和素质感到非常乐观。这两个司法管辖区仍处于全球碳氢化合物勘探的前沿,我们有信心在适当的时候提供两者的积极更新。

"We were also pleased to announce the deal with Africa Oil yesterday, which saw us agree the sale of a 1% interest in the Block in exchange for the cancellation of all of AOI's shares and warrants in Eco, worth C$11.5 million. We are grateful to Africa Oil for their support since 2017, and this agreement will enable us to eliminate a c.16% overhang in Eco's shares, which are locked up until the transaction closes and the shares and warrants are cancelled. I would also add that the deal was agreed using an US$840 million valuation for Block 3B/4B, which values Eco's 5.25% holding at ca.US$44 million.

“我们也很高兴昨天与Africa Oil达成交易,这使我们同意出售Block 3B/40亿中1%的利益,以交换所有AOI在Eco的股票和权证的取消,总价值为1,150万加元。我们自2017年以来感激Africa Oil的支持,这份协议将使我们消除Eco股票的约16%过度挂钩,这些股票被锁定,直到交易结束并且股票和权证被取消。我还要补充说,使用Block 3B/40亿的8400万美元估值达成了协议,这将Eco的5.25%股份估值约为4400万美元。”

"As ever, we continue to work hard to deliver value for all of our stakeholders and we look forward to providing further market updates in due course."

“和往常一样,我们继续努力为所有利益相关者创造价值,并期待在适当的时候提供进一步的市场更新。”

The Company's audited financial statement for the year ended 31 March 2024 is available for download on the Company's website at and on Sedar at .

该公司截至2024年3月31日的审计财务报表可在公司网站和Sedar上下载。

The following are the Company's Balance Sheet, Income Statements, Cash Flow Statement and selected notes from the annual Financial Statements. All amounts are in US Dollars, unless otherwise stated.

以下是公司的资产负债表、利润表、现金流量表和年度财务报表的选择性注释。所有金额均以美元计算,除非另有说明。

Balance Sheet

资产负债表:

March 31,

March 31,

2024

2023

Assets

Current Assets

Cash and cash equivalents

2,967,005

4,110,734

Short-term investments

13,107

13,107

Government receivable

26,970

22,494

Amounts owing by license partners

49,578

477,578

Accounts receivable and prepaid expenses

38,539

1,529,451

Total Current Assets

3,095,199

6,153,364

Non- Current Assets

Investment in associate

-

8,612,267

Petroleum and natural gas licenses

28,168,439

40,852,020

Total Non-Current Assets

28,168,439

49,464,287

Total Assets

31,263,638

55,617,651

Liabilities

Current Liabilities

Accounts payable and accrued liabilities

1,163,546

4,416,789

Advances from and amounts owing to license partners

81,952

286,553

Warrant liability

-

261,720

Total Current Liabilities

1,245,498

4,965,062

Total Liabilities

1,245,498

4,965,062

Equity

Share capital

122,088,498

121,570,983

Restricted Share Units reserve

920,653

920,653

Warrants

14,778,272

14,778,272

Stock options

2,900,501

2,804,806

Foreign currency translation reserve

(1,568,469)

(1,458,709)

Accumulated deficit

(109,101,315)

(87,963,416)

Total Equity

30,018,140

50,652,589

Total Liabilities and Equity

31,263,638

55,617,651

3月31日

3月31日

2024

2023

资产

流动资产

现金及现金等价物

2,967,005

4,110,734

短期投资

13107

13107

政府 应收账款

26,970

22,494

许可证合作伙伴欠款金额

49,578

477,578

应收账款和预付款项

38,539

1,529,451

流动资产合计

3,095,199

6,153,364

非流动资产

关联公司投资

-

8,612,267

石油和天然气许可证

28,168,439

40,852,020

非流动资产合计

28,168,439

49,464,287

总资产

31,263,638

55,617,651

负债

流动负债

应付账款及应计费用

1,163,546

4,416,789

向许可合作伙伴预付款项及应付款项

81,952

286,553

认股权负债

-

261,720

总流动负债

1,245,498

4,965,062

总负债

1,245,498

4,965,062

股权

股本

122,088,498

121,570,983

受限股份单位预留

920,653

920,653

权证

14,778,272

14,778,272

期权

2,900,501

2,804,806

外币翻译准备

(1,568,469)

(1,458,709)

累积赤字

(109,101,315)

(87,963,416)

总股本

30,018,140

50,652,589

总负债和股权

31,263,638

55,617,651

Income Statement

损益表

Year ended

March 31,

2024

2023

Revenue

Interest income

1,708

66,571

1,708

66,571

Operating expenses:

Compensation costs

851,068

905,974

Professional fees

589,810

694,304

Operating costs, net

2,662,347

33,039,264

General and administrative costs

658,443

848,893

Share-based compensation

95,695

2,968,294

Foreign exchange loss (gain)

(14,354)

559,947

Total operating expenses

4,843,009

39,016,676

Operating loss

(4,841,301)

(38,950,105)

Other Non-Operating Charges and Write-downs

Gain on settlement of liability

299,360

-

Fair value change in warrant liability

261,720

2,980,042

Share of losses of associate

-

(664,895)

Write down of investment in associate

(8,612,267)

-

Write down of license

(8,782,105)

-

Net loss for the year from continuing operations, before taxes

(21,674,593)

(36,634,958)

Tax recovery

536,694

-

Net loss for the year from continuing operations, after taxes

(21,137,899)

(36,634,958)

Gain from discontinued operations, after-tax

-

80,204

Net loss for the year

(21,137,899)

(36,554,754)

Foreign currency translation adjustment

(109,760)

(148,982)

Comprehensive loss for the year

(21,247,659)

(36,703,736)

Basic and diluted net loss per share:

From continuing operations

(0.06)

(0.10)

From discontinued operations

-

-

Weighted average number of ordinary shares used in computing basic and diluted net loss per share

369,287,447

349,622,239

年度完结

3月31日

2024

2023

营业收入

利息收入

1,708

66,571

1,708

66,571

营业费用:

报酬成本

851,068

905,974

专业费用

589,810

694,304

营业费用净额

2,662,347

33,039,264

总务及行政费用

658,443

848,893

股权酬金

95,695

2,968,294

汇率期货损益

(14,354)

559,947

营业费用总计

4,843,009

39,016,676

营业亏损

(4,841,301)

(38,950,105)

其他非经营性费用和减值损失

解决负债的收益

299,360

-

认股权责任准备公允价值变动

261,720

2,980,042

联营公司的损失份额

-

(664,895)

关联公司投资减值

(8,612,267)

-

减记许可证

(8,782,105)

-

年度持续经营净亏损(税前)

(21,674,593)

(36,634,958)

税项收回

536,694

-

年度持续经营净亏损(税后)

(21,137,899)

(36,634,958)

已停业务损益(税后)收益

-

80,204

本年度净亏损

(21,137,899)

(36,554,754)

外币折算调整

(109,760)

(148,982)

年度综合亏损

(21,247,659)

(36,703,736)

每股基本和稀释净亏损:

来自持续经营业务

(0.06)

(0.10)

来自终止经营业务

-

-

计算基本和摊薄每股净亏损的普通股加权平均数

369,287,447

349,622,239

Cash Flow Statement

现金流量表

Year ended

March 31,

2024

2023

Cash flow from operating activities - continued operations

Net loss from continuing operations

(21,137,899)

(36,634,958)

Items not affecting cash:

Share-based compensation

95,695

2,968,295

Fair value change in warrant liability

(261,720)

(2,980,042)

Share of losses of companies accounted for at equity

-

664,895

Write down of equity investment

8,612,267

-

Write down of license

8,782,105

-

Changes in non‐cash working capital:

Government receivable

(4,476)

4,993

Accounts payable and accrued liabilities

(3,134,252)

2,484,966

Accounts receivable and prepaid expenses

1,490,912

(1,271,540)

Advance from and amounts owing to license partners

223,399

(191,025)

Cash flow from operating activities - continued operations

(5,333,969)

( 34,954,416)

Cash flow from operating activities - discontinued operations

-

(839,029)

Cash flow from investing activities

Short-term investments

-

39,511

Acquisition of interest in property

(1,598,986)

Acquisition of Orinduik BV

(700,000)

-

Proceeds from Block 3B/4B farm-out

5,000,000

-

Cash flow from investing activities - continued operations

4,300,000

(1,559,475)

Cash flow from investing activities - discontinued operations

-

2,507,713

Cash flow from financing activities

Proceeds from private placements, net

-

35,666,089

Cash flow from financing activities

-

35,666,089

Increase (decrease) in cash and cash equivalents

(1,033,969)

820,882

Foreign exchange differences

(109,760)

(148,982)

Cash and cash equivalents, beginning of year

4,110,734

3,438,834

Cash and cash equivalents, end of year

2,967,005

4,110,734

年度完结

3月31日

2024

2023

持续经营现金流量

持续经营的净亏损

(21,137,899)

(36,634,958)

不影响现金的项目:

股权酬金

95,695

2,968,295

认股权责任准备公允价值变动

(261,720)

(2,980,042)

以权益法核算的公司的损失份额

-

664,895

权益投资减值

8,612,267

-

减记许可证

8,782,105

-

非现金营运资本的变化:

政府 应收账款

(4,476)

4,993

应付账款及应计费用

(3,134,252)

2,484,966

应收账款和预付款项

1,490,912

(1,271,540)

授权合作伙伴预付款项及应付款项

223,399

(191,025)

持续经营现金流量

(5,333,969)

( 34,954,416)

终止运营现金流量

-

(839,029)

投资活动现金流量

短期投资

-

39,511

物业权益的收购

(1,598,986)

收购Orinduik BV

(700,000)

-

来自Block 3B/40亿农场卖出的收益

5,000,000

-

投资活动现金流 - 继续经营

4,300,000

(1,559,475)

投资活动现金流 - 终止经营

-

2,507,713

筹资活动产生的现金流量

净私人配售收益

-

35,666,089

筹资活动产生的现金流量

-

35,666,089

现金及现金等价物净增加额

(1,033,969)

820,882

汇率期货差额

(109,760)

(148,982)

现金及现金等价物,年初

4,110,734

3,438,834

现金及现金等价物,年末

2,967,005

4,110,734

**ENDS**

**ENDS**

For more information, please visit or contact the following:

有关更多信息,请访问 或联系以下:

Eco Atlantic Oil and Gas

c/o Celicourt +44 (0) 20 8434 2754

Gil Holzman, CEO

Colin Kinley, COO

Alice Carroll, Executive Director

Strand Hanson (Financial & Nominated Adviser)

+44 (0) 20 7409 3494

James Harris

James Bellman

Berenberg (Broker)

+44 (0) 20 3207 7800

Matthew Armitt

Detlir Elezi

Celicourt (PR)

+44 (0) 20 7770 6424

Mark Antelme

Jimmy Lea

Eco Atlantic Oil and Gas

c/o Celicourt +44 (0) 20 8434 2754

Gil Holzman,CEO。

Colin Kinley,COO。

Alice Carroll,执行董事。

Strand Hanson(财务和提名顾问)。

+44 (0) 20 7409 3494

James Harris。

James Bellman。

Berenberg(经纪人)。

+44(0)20 3207 7800

Matthew Armitt。

Detlir Elezi。

Celicourt(公关)。

+44(0)20 7770 6424。

Mark Antelme。

Jimmy Lea。

About Eco Atlantic:

关于Eco Atlantic:

Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil and gas exploration company with offshore license interests in Guyana, Namibia, and South Africa. Eco aims to deliver material value for its stakeholders through its role in the energy transition to explore for low carbon intensity oil and gas in stable emerging markets close to infrastructure.

Eco Atlantic是一家在TSX-V和AIm上市的大西洋边缘油气勘探公司,在圭亚那,纳米比亚和南非的离岸许可证利益上拥有离岸许可证。Eco旨在通过在靠近基础设施的稳定新兴市场中勘探低碳强度的油气,为股东提供实质价值,以发挥其在能源转型中的作用。

Offshore Guyana, in the proven Guyana-Suriname Basin, the Company operates a 100% Working Interest in the 1,354 km2 Orinduik Block. In Namibia, the Company holds Operatorship and an 85% Working Interest in four offshore Petroleum Licences: PELs: 97, 98, 99, and 100, representing a combined area of 28,593 km2 in the Walvis Basin. Offshore South Africa, Eco holds a 20% Working Interest in Block 3B/4B and pending government approval a 75% Operated Interest in Block 1, in the Orange Basin, totalling some 37,510km2.

在圭亚那海域,公司在经过验证的圭亚那-苏里南盆地中运营着Orinduik Block的100%工作权益。在纳米比亚,公司持有四个海上石油许可证的运营权和85%的工作权益:PEL:97、98、99和100,总面积为28,593平方公里,位于沃尔维斯盆地。在南非离岸,Eco在Block 3B/40亿持有20%的工作权益,并正在等待政府批准在橙色盆地的Block 1中持有75%的经营权,总面积约为37,510平方公里。

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit .

此信息由英国证券交易所的新闻服务RNS提供。RNS获批由英国金融行为监管局担任英国主要信息提供者。有关使用和分发此信息的条款和条件可能适用。欲了解更多信息,请联系rns@lseg.com或访问。

SOURCE: Eco (Atlantic) Oil and Gas Ltd.

来源:Eco(Atlantic)Oil and Gas Ltd。


译文内容由第三方软件翻译。


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