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Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA)

PGN.WA on Warsaw Stock Exchange

5.38PLN
18 Jul 2019
Change (% chg)

-0.03zł (-0.56%)
Prev Close
5.41zł
Open
5.38zł
Day's High
5.42zł
Day's Low
5.32zł
Volume
4,279,142
Avg. Vol
4,892,066
52-wk High
7.73zł
52-wk Low
5.20zł

Latest Key Developments (Source: Significant Developments)

PGNiG Upstream Norway Buys 20% Stake In Pl636 And Pl636b Licences
Friday, 12 Jul 2019 

July 12 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA ::ITS UNIT PGNIG UPSTREAM NORWAY BUYS 20% STAKE IN PL636 I PL636B LICENCES FROM WELLESLEY PETROLEUM.  Full Article

Poland's PGNiG Starts Drilling New Production Well In Pakistan
Monday, 8 Jul 2019 

July 8 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA ::SAYS STARTS DRILLING NEW PRODUCTION WELL IN PAKISTAN.SAYS EXALO DRILLING, PGNIG GROUP COMPANY, IS NOW STARTING TO DRILL RIZQ-3 WELL, WHOSE TARGET DEPTH IS 3,277 METRES.  Full Article

PGNiG EGM To Vote On Acquiring New Shares In PGNiG Upstream Norway
Tuesday, 2 Jul 2019 

July 3 (Reuters) - POLSKIE GORNICTWO NAFTOWE I GAZOWNICTWO SA ::SAID ON TUESDAY THAT ITS EXTRAORDINARY GENERAL MEETING (EGM) IS GOING TO VOTE ON JULY 31 ON APPROVING THE PROPOSED ACQUISITION OF 10,000 NEW SHARES IN PGNIG UPSTREAM NORWAY AS AT TOTAL SUBSCRIPTION VALUE OF NOK 1 BILLION.THE PURPOSE OF THE SHARE CAPITAL INCREASE AT PGNIG UPSTREAM NORWAY AS IS TO RAISE FUNDS FOR PRODUCTION AND EXPLORATION PROJECTS ON THE NORWEGIAN CONTINENTAL SHELF.  Full Article

Moody's Upgrades PGNiG's Rating To Baa2 From Baa3
Thursday, 27 Jun 2019 

June 27 (Reuters) - :MOODY'S INVESTORS SERVICE SAID ON WEDNESDAY UPGRADED PGNIG'S <<>> RATING TO BAA2 FROM BAA3.MOODY SAYS THE UPGRADE REFLECTS MOODY'S EXPECTATION THAT PGNIG WILL BE ABLE TO RETAIN ITS STRONG FINANCIAL METRICS OVER THE NEXT YEARS .MOODY SAYS PGNIG HAS VERY SIGNIFICANT FINANCIAL FLEXIBILITY (ITS RATIO OF FUNDS FROM OPERATIONS FFO TO NET DEBT WAS 800% IN 2018) TO ABSORB SOMEWHAT HIGHER DEBT LEVELS.MOODY'S SAYS THE OUTLOOK REMAINS STABLE.  Full Article

PGNiG Signs Sindicated Renewable Loan For 10 Bln Zlotys
Monday, 24 Jun 2019 

June 24 (Reuters) - Pgnig ::SIGNS SINDICATED RENEWABLE LOAN WITH NINE BANKS FOR 10 BILLION ZLOTYS.SAID LOAN TO REPLACE TWO BOND ISSUE PROGRAMMES FOR TOTAL AMOUNT OF 8 BILLION ZLOTYS.  Full Article

PGNiG Unit Buys 22.2% Shares In Norwegian King Lear Gas Deposit
Friday, 7 Jun 2019 

June 7 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA ::ITS UNIT PGNIG UPSTREAM NORWAY BUYS SHARES IN NORWEGIAN KING LEAR DEPOSIT FROM TOTAL E&P NORGE.UNDER PURCHASE DEAL UNIT TO BUY 22.2% SHARES IN PL146 AND PL333 LICENCES, WHICH CONTAIN KING LEAR GAS DEPOSIT.GAS EXTRACTION FOR PUN TO BE 0.25 BILLION M3 PER YEAR.  Full Article

Grupa Azoty Extends Gas Supply Contracts With PGNiG
Thursday, 23 May 2019 

May 23 (Reuters) - Grupa Azoty ::SAYS EXTENDS GAS SUPPLY CONTRACTS WITH PGNIG UNTIL SEPT 30, 2022.SAYS TOTAL VALUE OF INDIVIDUAL CONTRACTS IS ESTIMATED AT OVER 8 BILLION ZLOTYS FOR 4-YEAR PERIOD.  Full Article

PGNiG Estimated Q1 Net Profit Down At 1.06 Bln Zlotys
Monday, 29 Apr 2019 

April 30 (Reuters) - PGNiG SA ::REPORTED ON MONDAY ESTIMATED Q1 NET PROFIT OF 1.06 BILLION ZLOTYS VERSUS 1.57 BILLION ZLOTYS YEAR AGO.ESTIMATED Q1 REVENUE OF 14.34 BILLION ZLOTYS VERSUS 13.25 BILLION ZLOTYS YEAR AGO.ESTIMATED Q1 CONSOLIDATED EBITDA OF 2.16 BILLION ZLOTYS VERSUS 2.67 BILLION ZLOTYS YEAR AGO.  Full Article

PGNIG FY Net Profit 3.21 Bln Zlotys
Thursday, 14 Mar 2019 

March 14 (Reuters) - PGNIG ::FY NET PROFIT 3.21 BILLION ZLOTYS VERSUS 3.21 BILLION ZLOTYS PREVIOUSLY ESTIMATED.FY REVENUE 41.23 BILLION ZLOTYS VERSUS 41.27 BILLION ZLOTYS PREVIOUSLY ESTIMATED.  Full Article

Poland's PGNiG Receives Notice Of Anti-Trust Proceedings
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) ::SAID ON MONDAY THAT IT HAS RECEIVED THE PRESIDENT OF THE OFFICE OF COMPETITION AND CONSUMER PROTECTION'S NOTICE OF AN INITIATION OF THE ANTI-TRUST PROCEEDINGS, WHOSE PARTIES ARE VEOLIA ENERGIA WARSZAWA SA, VEOLIA ENERGIA POLSKA SA, PGNIG TERMIKA SA, A SUBSIDIARY OF PGNIG, AND PGNIG ITSELF, REGARDING VIOLATION OF PROHIBITIONS.SAID ACCORDING TO THE NOTICE THE VIOLATION WAS SUPPOSED TO TAKE PLACE IN CONNECTION WITH SUSPICION OF AN AGREEMENT IN 2014 IN RESPECT TO HEAT PRICE FIXING, HEAT MARKET DIVISION AND RECONCILIATION OF THE TERMS OF OFFERS PLACED IN TENDERS FOR HEAT SALES AND DELIVERIES.BASED ON PRELIMINARY ANALYSIS OF THE NOTICE, THE COMPANY'S MANAGEMENT BOARD EVALUATES THE RISK OF NEGATIVE CONSEQUENCES FOR THE CAPITAL GROUP OF PGNIG AS LOW.  Full Article