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Working Interest Production (BOPD)



Petrogas in Number (End 2011)

Production Gross 54,000 bopd
Production Working Interest 28,500 bopd
Reserves (2P) (as on 31.12.2011) Approx. 76 MM bbls
Expenditure ( 2011) USD 205 MM
Staff +/- 400

Financial Snapshot
2011
2010
2009
Revenue (MillionUS$)
485
489
296
Net profit (Million US$)
125
60
30
Debt / Equity Ratio
0.64
0.41
0.29
Return of Equity
0.49
0.29
0.17

Outlook 2012

Expenditure of 260 million US$


Drilling some 75 - 80 wells,
majority in Block 5 & Rima
small fields.


Drilling of 2 offshore wells,
and 5 onshore wells in India.






Consolidation & Planning


Critical analysis, planning and governance of Area A, Egypt, Rima & Block 5 operations. Prioritizing investments in the blocks to maximize value.






     
Accrual of reserves / resources


Continue to test the scope for increasing production and reserves still further in Block 5 and Rima small fields.



Continue exploration efforts in India, Egypt and Block 5.



Significant efforts in NBD to acquire material reserves complementing the existing asset base.
     
     
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