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Etablissements Maurel et Prom SA (MAUP.PA)

MAUP.PA on Paris Stock Exchange

2.92EUR
21 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Maurel & Prom H1 profits rise
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Maurel et Prom SA ::* H1 2019 EBITDA of $137 million, up by 15% vs. H1 2018.* Cash position stands at US$361 million as of 30 June 2019.* H1 2019 operated oil production in Gabon stands at 25,033bopd (20,026 bopd for M&P’s working interest), an increase of 16% compared to H1 2018.* In July, Latin America-focused oil exploration company Amerisur Resources snubbed bid overtures from French rival Maurel & Prom, saying Maurel's possible 210 million pounds sterling ($263 million) offer undervalued it. nL8N24N0IB.* Maurel & Prom said on Friday that it was a participant in the sale process for Amerisur.  Full Article

Maurel & Prom Completes Angola Transaction
Wednesday, 31 Jul 2019 

July 31 (Reuters) - MAUREL ET PROM ::MAUREL & PROM: COMPLETION OF ANGOLA TRANSACTION.PURCHASE CONSIDERATION OF US$80 MILLION ADJUSTED FOR WORKING CAPITAL AND CASH FLOWS SINCE EFFECTIVE DATE.COMPLETION OF ACQUISITION OF 20% WORKING INTEREST OWNED BY ANGOLA JAPAN OIL CO., LTD. ("AJOCO"), A MAJORITY OWNED SUBSIDIARY OF MITSUBISHI CORPORATION, IN TWO BLOCKS OFFSHORE ANGOLA, BLOCK 3/05 AND BLOCK 3/05A AS PLANNED.  Full Article

Maurel & Prom FY Consolidated Net Profit Grows To 62 Million Euros
Thursday, 21 Mar 2019 

March 21 (Reuters) - ETABLISSEMENTS MAUREL ET PROM SA ::MAUREL & PROM WILL CONDUCT A SUSTAINED EXPLORATION PROGRAMME IN 2019/2020: IN GABON IN NAMIBI IN FRANCE AND IN SICILY.MAUREL & PROM WILL CONDUCT A SUSTAINED EXPLORATION PROGRAMME IN 2019/2020: IN GABON IN NAMIBIA IN FRANCE AND IN SICILY (CORRECTS SPELLING, REMOVES REFERENCE TO DIVIDEND).FY EBITDA UP BY 30% AT US$245 MILLION.PROPOSED DIVIDEND DISTRIBUTION OF US$10 MILLION.FY CONSOLIDATED NET PROFIT EUR 62 MILLION VERSUS EUR 7 MILLION YEAR AGO.FY REVENUE EUR 440 MILLION VERSUS EUR 401 MILLION YEAR AGO.FY OIL AVERAGE SALE PRICE $ 68.8 PER BBL VERSUS $ 53.0 PER BBL YEAR AGO.IN GABON : ACTIVITY WILL INCREASE IN THE 2019 PROGRAMME, FOCUSING ON MORE COMPLEX WELLS WITH GREATER POTENTIAL..  Full Article

Maurel & Prom Announces Completion Of Capital Increase Reserved For Rockover
Monday, 17 Dec 2018 

Dec 17 (Reuters) - ETABLISSEMENTS MAUREL ET PROM SA ::REG-MAUREL & PROM : COMPLETION OF A CAPITAL INCREASE RESERVED FOR ROCKOVER AND THE BUYBACK FROM ROCKOVER OF DEFERRED PAYMENTS (GABON).  Full Article

Maurel & Prom Signs SPA For Acquisition Of Ajoco's 20% Interest In Blocks Offshore Angola
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - ETABLISSEMENTS MAUREL ET PROM SA ::ENTRY OF MAUREL & PROM INTO ANGOLA.ANNOUNCES SIGNATURE OF AN SPA FOR ACQUISITION OF AJOCO'S 20% INTEREST IN TWO PRODUCING AND DEVELOPMENT BLOCKS IN SHALLOW WATERS OFFSHORE ANGOLA.PURCHASE CONSIDERATION OF $80 MILLION FUNDED ON M&P'S EXISTING CASH RESOURCES.ADDITIONAL CONTINGENT CONSIDERATION OF UP TO $25 MILLION SUBJECT TO OIL PRICE PERFORMANCE AND RESOURCES DEVELOPMENT.WORKING INTEREST PRODUCTION OF C. 4,600 BOPD NET TO 20% INTEREST AS PER M&P ESTIMATES.  Full Article

Maurel Et Prom FY Net Result Swings To Profit At 7‍​ Million Euros
Friday, 9 Mar 2018 

March 9 (Reuters) - MAUREL ET PROM ::FY REVENUE EUR 355 ‍​ MILLION VERSUS EUR 317 MILLION YEAR AGO.FY NET PROFIT EUR 7‍​ MILLION VERSUS LOSS OF EUR 50 MILLION YEAR AGO.PLANNED DRILLING OF TWO EXPLORATION WELLS IN GABON IN THE SECOND HALF OF 2018‍​.EBITDA UP BY 19 PERCENT AT EUR 168 MILLION, EBIT INCREASED TO EUR 58 MILLION.FY OIL AVERAGE SALE PRICE $ 53.0‍​ PER BBL VERSUS $ 42.7 PER BBL YEAR AGO.  Full Article

Maurel Et Prom Announces Early Redemption Of All Outstanding 2019 And 2021 Convertible Bonds (ORNANE)​
Friday, 29 Dec 2017 

Dec 29 (Reuters) - MAUREL ET PROM ::EARLY REDEMPTION, EFFECTIVE 12 FEBRUARY 2018, OF ALL OUTSTANDING 2019 ORNANE AND 2021 ORNANE​.2019 ORNANE AND 2021 ORNANE FOR WHICH CONVERSION RIGHT NOT EXERCISED WILL BE REDEEMED IN CASH ON 12 FEB.  Full Article

Maurel et Prom 9-month consolidated sales up at ‍258​ million euros
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - MAUREL ET PROM ::9-MONTH CONSOLIDATED SALES EUR ‍258​ MILLION VERSUS EUR 226 MILLION YEAR AGO.  Full Article

Maurel et Prom h1 consolidated net loss widens to 57‍​ million euros
Wednesday, 13 Sep 2017 

Sept 13 (Reuters) - Maurel Et Prom :H1 revenue eur ‍​ 172 million versus eur 142 million year ago.H1 ebitda eur ‍​78 million versus eur 57 million year ago.H1 consolidated net loss eur 57‍​ million versus loss of eur 37 million year ago.As at 30 june 2017, group had eur 254 million in cash.‍in h1 2017, average oil price stood at $50.7/bbl versus $39.2/bbl in h1 2016, an increase of 29%​.  Full Article