EDCLq.L, PTTEP,
Global LNG,
Land Drillers,
Eurasia Drilling (EDCLq.L)
2013 IFRS as guided; 2014 confirmed as transition year
27 March 2014 ¦ 8 pages ir.citi.com
Citi's Take — 2013 IFRS results came in as previously guided, while
management comments in the press release indicate 2014 will see declining
dollarized revenues (but with growth resuming in 2015), stable margins,
successful redeployment of Rosneft rigs, and increasing horizontal activity.
PTT E&P (PTTEP.BK)
Alert: Potential Montara Divestment
28 March 2014 ¦ 7 pages ir.citi.com
According to Bloomberg, PTTEP is seeking to divest its 100% interest in Montara
oil field, together with Cash/Maple fields in Australia. We contacted PTTEP and
the company stated that, at the moment, divestment has not yet happened.
However, it would consider selling its stake if the price is right, in order to deploy
cash for other fields’ development.
Global LNG
Takeaways from LNG Industry Expert Event
We recently hosted an investor event with LNG expert Dr. Nelly Mikhaiel of FGE,
and below is a summary of our key takeaways: sendspace.com
Land Drillers
Update Post Pre-announcements
sendspace.com |
