Last checked at 29 Apr 2020 16:05
Report on Q1 2020P Key Operational Results
Report date: April 29, 2020
Company name: S.N.G.N. ROMGAZ S.A.
Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130
Phone/fax no: 004-0374-401020 / 004-0269-846901
Fiscal Code: RO14056826
LEI Code: 2549009R7KJ38D9RW354
Trade Register registration number: J32/392/2001
Subscribed and paid in share capital: 385,422,400 RON
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)
This report provides Q1 2020 preliminary information on important operational indicators of Romgaz Group. The Q1 2020 consolidated financial results will be published on May 15, 2020. The information on this report may undergo changes and may differ from those that will be published in the Q1 2020 report.
Operational results
Q1 2019 | Q4 2019 | Q1 2020P | Δ Q1/Q4* (%) | Main indicators | Q1 2019 | Q1 2020P | Δ Q1 2020P (%) |
9.234 | 8.57 | 8.81 | +2.8 | Total hydrocarbon production (mln boe), of which: | 9.234 | 8.81 | -4.6 |
9.193 | 8.53 | 8.76 | +2.6 | Gross gas production (mln boe) | 9.193 | 8.76 | -4.7 |
1,430.0 | 1,327.4 | 1,362.3 | +2.6 | Gross gas production (mln cm) | 1,430.0 | 1,362.3 | -4.7 |
0.04 | 0.036 | 0.054 | +48.1 | Condensate production (mln boe) | 0.04 | 0.054 | +31.7 |
4,934 | 4,388 | 6,497 | +48.1 | Condensate production (tons) | 4,934 | 6,497 | +31.7 |
16.57 | 13.22 | 15.18 | +14.8 | Gas from domestic production delivered to the market (TWh)** |
16.57
| 15.18 | -8.4 |
170.8 | 298.0 | 258.92 | -13.1 | Electricity production (GWh) | 170.8 | 258.92 | +51.5 |
884.9 | 347.1 | 895.5 | +158.0 | Invoiced UGS withdrawal services (mln cm) | 884.9 | 895.5 | +1.2 |
222.5 | 346.1 | 40.8 | -88.2 | Invoiced UGS injection services (mln cm) | 222.5 | 40.8 | -81.7 |
P - preliminary 1 tone = 8.276 boe
* Q1 2020P vs Q4 2019 1 bcm = 6.428571 mln boe
** including gas purchased from domestic production
Chief Executive Officer,
Constantin Adrian VOLINTIRU
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This report includes forward-looking statements, which include, without limitation, any statements preceded by, followed by or that include the words "may", "will", "would", "should", "expect", "intend", "estimate", "forecast", "anticipate", "project", "believe", "seek", "plan", "predict", "continue", "commit", "undertaking" and similar expressions or their negatives. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Group's control that could cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future and should not be taken as promises.
Reviewing forward-looking statements should carefully consider the foregoing remarks and other uncertainties and events, especially in light of the political, economic, social and legal environment in which the Group operates. Forward-looking statements contained in this report are valid only as at the date of this report. The Group expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any of such statements are based unless required to do so by any applicable regulatory regime.