Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Lundin Petroleum AB: Year End Report 2012

STOCKHOLM, SWEDEN -- (Marketwire) -- 02/06/13 -- Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) -

Twelve months ended 31 December 2012 (31 December 2011)


--  Production of 35.7 Mboepd (33.3 Mboepd) 
--  Operating income of MUSD 1,345.1 (MUSD 1,269.5) 
--  EBITDA of MUSD 1,144.1 (MUSD 1,012.1) 
--  Operating cash flow of MUSD 831.4 (MUSD 676.2) 
--  Net result of MUSD 103.9 (MUSD 155.2) 
--  New USD 2.5 billion seven year secured revolving borrowing base facility
    signed on 25 June 2012 
--  PDOs approved for the Edvard Grieg and Boyla fields, Norway 
--  Pre-Unit agreement signed for the Johan Sverdrup field 
--  Extensive appraisal drilling on the Johan Sverdrup field 
--  Geitungen oil discovery of between an estimated 140 and 270 MMboe gross
    recoverable resources(1) located north of the Johan Sverdrup field
    within PL265 

Fourth quarter ended 31 December 2012 (31 December 2011)


--  Production of 35.9 Mboepd (34.7 Mboepd) 
--  EBITDA of MUSD 289.8 (MUSD 244.8) 
--  Operating cash flow of MUSD 237.4 (MUSD 89.4) 
--  Net result of MUSD -52.7 (MUSD -14.0) 
--  Tembakau-1 gas discovery of 306 bcf on Block PM307, offshore Peninsular
    Malaysia 
--  New Block PM319 awarded offshore Peninsular Malaysia 
--  Acquisition of an additional 20 percent interest in the Brynhild field,
    offshore Norway  

Comments from C. Ashley Heppenstall, President and CEO

2012 was yet another successful year for our Company. We have exceeded our production forecasts once again and this, coupled with our low operating costs and cash taxes, has resulted in a record operating cash flow of more than MUSD 830 for the year.

Lundin Petroleum's success has been due to our ability to increase our resource base. Our 2P recoverable reserves at the end of 2012 were 201.5 million barrels of oil equivalent. Whilst last year's reserve replacement ratio was lower than in previous years, I think everyone would agree that this will change when the contingent resources from the Johan Sverdrup field in Norway are booked as reserves. There is little doubt that the Johan Sverdrup field is commercial but reserves will not be booked until the signing of a unitisation agreement and the submission of the field development plan both scheduled for the end of 2014.

In 2013 we expect our net production to average between 33,000 boepd and 38,000 boepd for the year and to exit the year at in excess of 40,000 boepd when the Brynhild field reaches plateau production.

We are very excited about our 2013 exploration programme which involves the drilling of 18 exploration wells in Norway, South East Asia, France and the Netherlands. The budget of over USD 460 million will be the largest in the Company's history and will be predominantly focused on Norway which will account for about 75 percent of the expenditure.

(1)Estimated by PL265 operator, Statoil


Listen to President and CEO Ashley Heppenstall and CFO Geoffrey Turbott     
comment on the report at the live webcast presentation on Wednesday 6       
February at 8.00 CET.                                                       
                                                                            
The presentation and slides will be available on www.lundin-petroleum.com   
following the presentation. Please dial in to listen to the presentation on 
the following telephone numbers:                                            
UK: + 44 (0) 203 043 24 36, International Toll Free Number: +1 866 458 40 87

To view the whole report, please visit the following link: http://media3.marketwire.com/docs/Lundin_Petroleum_Full_Annual_2012.pdf.

Visit our website: www.lundin-petroleum.com

Contacts:
Lundin Petroleum AB
Teitur Poulsen
VP Corporate Planning & Investor Relations
+ 41 22 595 10 00

Lundin Petroleum AB
Maria Hamilton
Head of Corporate Communications
+46 8 440 54 50
+41 79 63 53 641
www.lundin-petroleum.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Web 2.0 Latest News
When a CIO or a CTO thinks of the applications they support it is almost always in terms of a "portfolio" When a research company named Gleanster poll executives about agile data management they discovered an interesting trend. Companies are reporting an increase in portfolio sizes wi...
Hortonworks went through an IPO last Friday, December 12, 2014. It’s initial price of $16 soared by 60% immediately after. Today the stock price is $24.70 with a market cap of $1.02B. Another billion dollar club member. They compete with Cloudera and MapR in packaging the open source H...
You are a hobbyist; curious student or a developer-entrepreneur then you must get this kit to jump start your IoT development. This is still in Beta but it has everything you need in terms of hardware, software, tools and forums to guide you through. IoT dev kit is a subset of In...
We recently changed over the entire phone system in our London office. After four years, the equipment failed, and it was time to update. As we did so, we also changed vendors. Why? It occurred to us that, for four years, we had put up with horrible support – we were the victims of...
The steadily increasing frequency of data breach occurrences in 2014 has been both astounding and worrisome. From Target and Neiman Marcus to Michaels, Chick-fil-A and Home Depot, fraudsters are leaving no stone unturned, and the millions of customers unlucky enough to use infected poi...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE