Edition:
India

Grupa Lotos SA (LTSP.WA)

LTSP.WA on Warsaw Stock Exchange

83.92PLN
18 Apr 2019
Change (% chg)

-2.18zł (-2.53%)
Prev Close
86.10zł
Open
85.40zł
Day's High
85.84zł
Day's Low
83.16zł
Volume
183,707
Avg. Vol
330,100
52-wk High
99.60zł
52-wk Low
52.42zł

Latest Key Developments (Source: Significant Developments)

Grupa Lotos Prelim. Q1 Revenue 6.7 Billion Zlotys
Thursday, 18 Apr 2019 

April 18 (Reuters) - Grupa Lotos SA ::PRELIM. Q1 REVENUE 6.7 BILLION ZLOTYS.PRELIM. Q1 PURIFIED EBITDA LIFO 0.63 BILLION ZLOTYS.PRELIM. Q1 PURIFIED EBIT LIFO 0.42 BILLION ZLOTYS.  Full Article

PKN Orlen Hopes To Get Approval For Lotos Takeover By End H1 2019
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - PKN Orlen :ASSUMES IT WILL GET DECISION FROM EUROPEAN COMMISSION ON LOTOS ACQUISITION BY END H1 2019 - MANAGEMENT BOARD MEMBER, WIESŁAW PROTASEWICZ SAID.PKN ORLEN SUBMITTED TO THE EUROPEAN COMMISSION DRAFT NOTIFICATION FOR CONCENTRATION REGARDING THE PLANNED TAKEOVER OF LOTOS AT THE BEGINNING OF DEC. nL8N1Y563N.  Full Article

PKN Orlen Targets Av Annual EBITDA LIFO Of 10.3 Bln Zlotys Over 2019-2022
Friday, 21 Dec 2018 

Dec 21 (Reuters) - POLSKI KONCERN NAFTOWY ORLEN SA ::SAID ON THURSDAY THAT UNDER ITS STRATEGY UPDATE, IT ASSUMES ANNUAL AVERAGE EBITDA LIFO (BEFORE IMPAIRMENTS) OF 10.3 BILLION ZLOTYS BETWEEN 2019-2020 .IT PLANS ANNUAL AVERAGE CAPEX OF 6.8 BILLION ZLOTYS IN THE SAME PERIOD .IT ALSO EYES NET DEBT/EBITDA COVENANT BELOW 1.5 AND FINANCIAL LEVERAGE BELOW 30 PERCENT .IT PLANS REGULAR DIVIDEND PAYMENT.SAYS ONCE THE EUROPEAN COMMISSION CLEARANCE IS SECURED AND A CONTROLLING INTEREST IN GRUPA LOTOS <<>> IS ACQUIRED, IT PLANS TO PUBLISH A NEW STRATEGY FOR THE ORLEN GROUP.IN A SEPARATE STATEMENT IT SAYS THERE IS A LIKELYHOOD THAT IT WILL BE ABLE TO REVERSE SOME OF THE IMPAIRMENTS OF THE FIXED ASSETS OF UNIPETROL GROUP .IT MIGHT HAVE POSITIVE IMPACT ON Q4 2018 CONSOLIDATED EBTIDA.  Full Article

Poland's Lotos plans to pay out dividend of 1 zloty/share
Tuesday, 29 May 2018 

May 29 (Reuters) - Grupa Lotos SA ::PLANS TO PAY OUT DIVIDEND OF 1 ZLOTY PER SHARE OR A TOTAL OF 185 MLN ZLOTYS FROM 2017 PROFIT.FOR 2016 LOTOS ALSO PAID OUT OUT DIVIDEND AT 1 ZLOTY PER SHARE.  Full Article

Poland's Lotos says delayed project to hurt results in 2018
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Grupa Lotos SA ::Poland's second largest refining company says a delay in implementing a new EFRA instalation in Gdansk refinery will negatively influence the company, as expected benefits won't be visible in full scope in 2018 consolidated results..Earlier Lotos has said the instalation was to improve its refining margin by $2 per barrel..  Full Article

Poland's Lotos says it expects more shipments of U.S. crude
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Grupa Lotos SA :Poland's state-run refiner Grupa Lotos expects that it will receive more shipments of crude oil from the United States, Lotos Chief Executive Marcin Jastrzebski tells a news conference .Local media have reported that a tanker with nearly 100,000 tonnes of U.S. crude oil has departed from Freeport in Texas and is expected in the Polish port of Gdansk on Nov. 9.The shipment is, according to local media, the first shipment of U.S. crude oil in the region."This is not the only (shipment), there will be more of them," Jastrzebski says.  Full Article

Poland's PGNiG and Lotos sign gas supply deal
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Grupa Lotos SA , PGNiG :State-run gas company PGNiG says has signed a 3-year natural gas supply deal with state-run refiner Grupa Lotos.Says deal may be extended by 2 more years to 2022 and if it is could be worth about 3.1 billion zlotys ($863 million)."The contract signed today is a continuation of the partnership cooperation of strategic Polish firms from the oil and gas sector," Lotos CEO Marcin Jastrzebski says in same statement.PGNiG has been supplying Lotos with natural gas since 2010.  Full Article

Aker BP North Sea delineation well hit 13.5-metre oil column
Tuesday, 3 Oct 2017 

Oct 3 (Reuters) - Norway's Petroleum Directorate said::Results of appraisal and wildcat wells near the 25/2-10 S (frigg-gammadelta) discovery in the north sea – 25/2-19 S and 25/2-19 A.The objective of well 25/2-19 S was to delineate the oil discovery in the Delta structure towards the north and examine the mobility of the oil in the Frigg formation. The well encountered an oil column of 13.5 metres in sandstone with good reservoir quality.The oil/water contact was encountered near 1950 metres below the sea surface. Analyses are ongoing to confirm the resource estimate.The primary and secondary exploration targets for wildcat well 25/2-19 A were to prove petroleum in Middle Jurassic reservoir rocks (Hugin and Sleipner formations).In the Hugin and Sleipner formations, multiple sandstone layers were encountered, totalling about 50 to 60 metres in each of the formations with reservoir quality varying from poor to good. There are traces of petroleum in some of the sandstone layers in the Sleipner formation.The well was not formation tested, but data acquisition and sampling have been carried out.These are the sixth and seventh exploration wells in production licence 442. The licence was awarded in APA 2006.Aker BP holds a 90.3 pct stake in the license while Lotos holds a 9.7 pct stake.  Full Article

Repsol to submit new plan for Norway's Yme by year-end -partner
Wednesday, 13 Sep 2017 

Sept 13 (Reuters) - The chief executive officer of Norway's Okea, Erik Haugane, told Reuters on the margins of an oil conference in Oslo on Wednesday: :Spain's Repsol <<>> will submit a new development plan for Norway's Yme field to authorities by year-end, and partners were looking at a possibility of installing a new jack-up platform.Okea is a partner in the field with a stake of 10 percent but would like to increase it, while Repsol has 60 percent. The companies were still negotiating, Haugane said. The other partners in the field are Poland's LOTOS <<>> and Kuwait's KUFPEC.Repsol would like to remain the operator of the field. "Repsol has changed its mind (on Yme's operatorship). They see that it could be profitable, and they want to stay," said Haugane.Okea has previously said that it would like to increase the stake and become the field's operator.  Full Article

Polish refiner Lotos dismisses long-serving CFO
Tuesday, 5 Sep 2017 

Adds Reuters request for comment:The supervisory board of Polish state-run refiner Grupa Lotos <<>> has dismissed the company's long-serving Chief Financial Officer (CFO) Mariusz Machajewski, the company said in a statement.Machajewski had been a member of Lotos' management since 2006.The Lotos statement did not give a reason for the dismissal and the company's press office declined to comment. .Reuters was unable to contact Machajewski for comment..  Full Article