If you would like a copy, I don't think G. Social media may bring hope for sellside analysts. Once again however, we will remain on the sidelines: Forex or FX or off-exchange foreign currency futures and options trading involves substantial risk of loss and is not suitable for every investor. The unauthorized use of any and all materials is prohibited and restricted by copyright law. Click here to dismiss. Funding of Projected Future Cash Requirements of the Company Major contracts for development of the R-Cluster fields in the D6 Block in India have been awarded and drilling commenced in early August towards a targeted start-up of production by mid
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Ability of the Company to Continue as a Going Concern As a result of the foregoing matters including the ongoing obligations and contingent liabilities of the Company and its subsidiaries , there are material uncertainties that may cast significant doubt about the ability of the Company to continue as a going concern. Net oil and natural gas revenue in the first quarter of fiscal decreased from the first quarter of fiscal primarily due to lower natural gas sales volumes, partially offset by higher natural gas and crude oil prices.
EBITDAX from continuing operations in the first quarter of fiscal increased from the first quarter of fiscal primarily due to interest income on income tax refunds received in India in the first quarter of fiscal , a realized foreign exchange gain in the first quarter of fiscal versus a realized foreign exchange loss in the first quarter of fiscal , and lower general and administrative expenses, partially offset by lower net oil and natural gas revenue.
EBITDAX and Segment EBITDAX is calculated as net income before interest expense, income taxes, depletion and depreciation expenses, exploration and evaluation expenses, and other non-cash items gain or loss on debt modification, gain or loss on asset disposal, gain or loss on derivatives, asset impairment, share-based compensation expense, restructuring expenses, accretion expense, unfulfilled exploration commitment expense, commercial claim expense and unrealized foreign exchange gain or loss.
These non-IFRS measures do not have any standardized meaning prescribed by IFRS and is therefore may not be comparable to similar measures presented by other companies. Forward-Looking Information Certain statements in this press release constitute forward-looking information. Such forward-looking information is based on a number of risks, uncertainties and assumptions, which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect.
There can be no assurances that the Company will be able to successfully complete its strategic plan on a timely basis or that the Company will be able to meet the goals and purposes of its business plan including resolving various disputes against governments and others in its favour or fund its cash requirements.
Undue reliance should not be placed on forward-looking information. This forward-looking information is based on certain key expectations and assumptions, many of which are not within the control of the Company and include expectations and assumptions regarding the completion of financings or monetizing of assets, the ability to satisfy cash calls in respect of the D6 Block, future commodity prices, results of operations, production, future capital and other expenditures including the amount, nature and sources of funding thereof , competitive advantages, plans for and results of drilling activity, environmental matters, business prospects and opportunities, prevailing exchange rates, applicable royalty rates and tax laws, future well production rates, the performance of existing wells, the success of drilling new wells, the availability of capital to undertake planned activities, the availability and cost of labour and services and general market conditions.
The reader is cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect.
Actual results may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors and such variations may be material. Such risk factors include, but are not limited to: Niko makes no representation that the actual results achieved during the forecast period will be the same in whole or in part as those forecasts.
The forward looking information included in this press release is expressly qualified in its entirety by this cautionary statement. The forward looking information included herein is made as of the date of this press release and Niko assumes no obligation to update or revise any forward looking information to reflect new events or circumstances, except as required by law.
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Suchitra Steven Samuel Twenty-five years back, my love for the written word attracted me to mainstream journalism. Been associated with a Sharjah-based English daily and served as Managing Editor for a publishing house in Bahrain.
Interviewed heads of state, ministers and senior diplomats in various capacities. Delighted to speak to people, travel, and write about the simple things in life. I love to dabble in art, photography and videography. Active on social media through Facebook and Twitter suchitrasteven. Dubai Indian expat saves uncle from fake job offer in Dubai 28 July Transport Abu Dhabi launches free bus service on specific routes 29 July Dubai New visa rules in UAE: All you need to know 14 June PTI 28 July Dubai Emirates apologises as boy with epilepsy is asked to disembark flight 28 July Government 6-month visa to help illegal UAE residents find a job 29 July Football Qatar played a dirty game to win Fifa rights 29 July Crime Dubai expat arrested for punching girlfriend to death 28 July Nation UAE visa amnesty:
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