- McMoRan reported first quarter 2009 production of 198 million cubic feet of gas equivalent per day (MMcfe/d) from existing fields.
- At the Flatrock field, four wells are currently producing at a gross rate of approximately 235 MMcfe/d, with first production from two additional wells expected by mid-year 2009.
- McMoRan has three deep gas exploration prospects in progress - Ammazzo, Cordage, and Blueberry Hill - targeting combined potential reserves of over 1 trillion cubic feet of gas.
This document provides a summary of Sempra Energy's financial report for 2006. Some key points:
1) Net income increased 53% to $1.4 billion in 2006 due to asset sales by Sempra Generation and lower litigation expenses, offset by impairment of Sempra Pipelines & Storage investments.
2) Sempra Utilities saw a 33% contribution to net income, while Sempra Global contributed 48%.
3) Natural gas revenues decreased 9% to $4.8 billion while costs decreased 15%, due to lower average gas prices passed on to customers. Electric revenues increased 19% to $2.1 billion on higher authorized margins and recoverable expenses.
In the first quarter of 2009, the company reported core earnings of $407 million compared to $1.8 billion in the first quarter of 2008. Net income was $368 million compared to $1.8 billion in the prior year quarter. Oil and gas sales volumes increased 7.7% year-over-year to 654,000 barrels of oil equivalent per day. Cash production costs excluding taxes declined 13.6% from 2008 levels. The company expects oil and gas production volumes in the second quarter of 2009 to be between 640,000 and 660,000 barrels of oil equivalent per day.
Nexen delivered solid first quarter results in 2009 despite low oil prices. Highlights include $557 million in cash flow, production of 252,000 boe/d which was 9% higher than the previous quarter, and exploration success in the UK North Sea. The Long Lake upgrader started production of Premium Synthetic Crude and reservoir performance is improving. Nexen's financial position remains strong with $3.3 billion in liquidity. Development continues on projects such as Long Lake, Ettrick, Longhorn and Usan, which are economic in the current price environment.
Marathon Oil Corporation reported strong financial results for the third quarter of 2006, with net income of $1.623 billion compared to $770 million in the third quarter of 2005. Segment income for exploration and production was $572 million, an increase from $373 million due to higher oil and gas prices and volumes. Refining, marketing, and transportation segment income was $1.026 billion, up significantly from $473 million, driven by higher refining margins. The integrated gas segment had a loss of $2 million compared to income of $22 million a year earlier. Marathon continued progress on major projects such as Alvheim in Norway and Neptune in the Gulf of Mexico and repurchased $1.146 billion of
- Marathon Oil Corporation reported a net income of $2.064 billion for Q3 2008, more than double the $1.021 billion in Q3 2007. Revenues increased to $23.446 billion from $16.954 billion.
- Exploration and Production segment income nearly doubled to $939 million due to higher liquid hydrocarbon prices and sales volumes. Oil Sands Mining reported income of $288 million.
- Refining, Marketing and Transportation segment income increased to $771 million due to higher refining margins and crude oil differentials. Integrated Gas income was $65 million.
- Production averaged 379,000 barrels of oil equivalent per day, up from 371,000 in Q3 2007.
Marathon Oil Corporation reported financial results for the third quarter of 2005, with net income of $770 million compared to $222 million in the third quarter of 2004. Revenues increased to $17.2 billion from $12.3 billion. Exploration and production income increased due to higher oil and gas prices, though production was slightly below guidance due to Gulf of Mexico hurricanes. Refining and marketing income also increased due to strong performance despite hurricane impacts. The company continued major investments across all segments and production is recovering from the hurricanes.
Petrobras reported financial results for the 3rd quarter of 2010. Net income increased 10% compared to the same period last year. Total investments so far in 2010 were 11% higher than the first nine months of 2009. Production grew 2% due to new production units starting up. The average realization price for oil remained stable in Brazil despite lower international prices. Domestic oil product sales increased 11% due to higher diesel and gasoline demand. Operating income decreased due to collective bargaining agreements and maintenance stoppages increasing costs.
This document provides an overview and analysis of Sempra Energy's financial condition and results of operations for 2005. It discusses key events that affected 2005 results and future years, including agreements to settle litigation, continued development of liquefied natural gas infrastructure, and various acquisitions and sales of power plants. It also summarizes revenues, costs and volumes for natural gas and electric operations at Sempra's California Utilities subsidiaries for 2005, 2004 and 2003. Overall, Sempra reported a small increase in net income for 2005 compared to 2004, driven by higher profits at Sempra Commodities and SDG&E, offset by litigation settlement expenses.
- Marathon Oil Corporation reported Q4 2006 net income of $1.079 billion compared to $1.265 billion in Q4 2005. Full year 2006 net income was $5.234 billion compared to $3.032 billion in 2005.
- Upstream segment income decreased in Q4 2006 due to lower natural gas prices and volumes as well as higher costs, but increased for the full year due to higher oil volumes and prices.
- Downstream segment income decreased in Q4 2006 but increased for the full year due to Marathon's acquisition of a minority interest in 2005.
Marathon Oil Corporation reported strong financial results for the fourth quarter and full year of 2005. Net income for Q4 2005 was $1.265 billion, up significantly from $429 million in Q4 2004. For the full year, net income was $3.032 billion compared to $1.261 billion in 2004. The company reinvested over 95% of its net income back into capital projects. Key events and achievements in 2005 included acquiring full ownership of its downstream business, progress on major projects like the Equatorial Guinea LNG expansion, and setting a new safety record.
John Hopper presented at the Deutsche Bank High Yield Conference on September 28, 2005. The presentation summarized El Paso Corporation's progress in its turnaround, including significant debt reduction, asset sales exceeding targets, and stabilization of production. It highlighted the strength of El Paso's pipeline network and opportunities for growth projects. The production business was discussed as having completed its turnaround with a shift toward more predictable onshore assets. El Paso was positioned for substantial leverage to higher natural gas prices in 2006.
Doug Foshee, President and CEO of El Paso Corporation, presented at an annual investor conference on September 20, 2005. He summarized that El Paso has made significant progress in turning the company around, reducing net debt from $20.5 billion to $15.9 billion through asset sales and debt reduction. Production has stabilized at around 900 million cubic feet equivalent per day, and the company is well positioned with natural gas assets. El Paso expects substantial leverage to higher natural gas prices in 2006, with every $1 per million BTU increase providing around $200 million in additional cash flow.
Doug Foshee, President and CEO of El Paso Corporation, presented at an annual investor conference on September 20, 2005. He summarized that El Paso has made significant progress in turning the company around, reducing net debt from $20.5 billion to $15.9 billion through asset sales and debt reduction. Production has stabilized at around 900 million cubic feet equivalent per day, and the company is well positioned with natural gas assets. El Paso expects substantial leverage to higher natural gas prices in 2006, with every $1 increase in gas prices above $5 providing around $200 million in additional cash flow.
Marathon Oil Corporation reported financial results for the second quarter of 2007, with net income of $1.55 billion compared to $1.75 billion in the same period of 2006. Refining and marketing segment income increased to $1.246 billion from $917 million due to improved refining margins. Exploration and production segment income decreased to $400 million from $659 million due to lower sales volumes and prices. The company also delivered its first shipment of liquefied natural gas from Equatorial Guinea, six months ahead of schedule. Capital, investment, and exploration spending for 2007 was increased by $441 million to $4.683 billion.
Marathon Oil Corporation reported financial results for the first quarter of 2007, with net income of $717 million compared to $784 million in the same period of 2006. Earnings per share were $2.07 compared to $2.13 the prior year. Segment income totaled $749 million, down from $792 million in 2006. Exploration and production income decreased to $385 million due to lower natural gas prices and volumes. Refining and marketing income increased to $345 million on higher gasoline margins. Construction continued on major projects and the company increased its dividend.
Marathon Oil Corporation reported first quarter 2008 net income of $731 million, slightly lower than the first quarter of 2007. Adjusted net income excluding special items was $767 million, up 9% from the prior year. Upstream and integrated gas segments performed strongly due to higher hydrocarbon prices and production volumes. Downstream results were negatively impacted by lower refining margins and planned maintenance. The company continued share repurchases and major project work during the quarter.
John Hopper presented at the Deutsche Bank High Yield Conference on September 28, 2005. The presentation summarized El Paso Corporation's progress in turning around its business, reducing debt, and positioning itself for future growth. Key points included stabilizing production, focusing more investment onshore, improving the Texas Gulf Coast business, and having significant leverage to rising natural gas prices in 2006. Cost reductions were also continuing across the company. The presentation demonstrated that El Paso had made rapid progress in its turnaround.
The document provides an update on Agnico-Eagle Mines' operations for August 18, 2011. It summarizes production highlights and challenges at each of its mine sites, including steady performance but narrow stopes at LaRonde, record throughput but soil subsidence issues at Goldex, continued strong performance at Lapa, and improvements in throughput and cost reductions at Meadowbank following the start-up of its secondary crushing plant. Exploration results are also promising at depth for Goldex and Meliadine. Challenges discussed include mining conditions, water management, and high costs.
Marathon Oil Corporation reported third quarter 2007 results, with net income of $1.021 billion compared to $1.623 billion in third quarter 2006. Earnings were impacted by a challenging quarter for downstream segments as increased crude costs compressed margins. Despite near-term volatility, Marathon is making investments in profitable long-term growth opportunities such as Canadian oil sands and refinery upgrades. Marathon also acquired additional oil sands leases and expects production from the assets to grow significantly in coming years.
- OGX reached an important milestone in 2012 by beginning oil production in the Tubarão Azul Field, only 4 years after its creation. Production reached 3.2 million barrels in 2012.
- OGX posted its first revenues of R$325 million in 2012 from oil sales.
- Important advances were made in exploration, including new commercial discoveries. However, initial production estimates for some wells were lower than expected.
- As of December 2012, OGX had a cash position of R$3.4 billion to develop its portfolio and pursue new opportunities. Average daily production was around 9.8 kboepd for the year.
Similar to Q1 2009 Earning Report of Mcmoran Exploration Co. (20)
Daimler reported its Q3 2009 results, with the automotive market continuing to experience a slump. Key points include:
- Group sales were €19.3 billion in Q3, with an EBIT of €0.5 billion excluding special items.
- Mercedes-Benz Cars achieved a positive EBIT of €355 million in Q3 due to the availability of new models and cost measures.
- Daimler Trucks reported an EBIT loss of €127 million in Q3 due to weak demand and charges from repositioning.
- Daimler aims to further improve earnings in Q4 through new models and ongoing efficiency programs.
A. Schulman reported fiscal fourth-quarter and full-year 2009 results, with strong margins and excellent liquidity. For the quarter, gross margins reached 16.3% compared to 12.1% last year. North America approached break-even despite lower volumes. Cash on hand exceeded $228 million with over $300 million available in credit lines. For the full year, net sales were $1.28 billion, down 35.5% from last year. Gross margins increased to 13.3% from 11.8% last year, and income from continuing operations was $11.2 million.
BB&T Corporation presented its fourth quarter 2009 investor presentation. The presentation highlighted BB&T's strategic acquisition of Colonial Bank, which enhanced its franchise in key Southeastern markets. The Colonial transaction was deemed financially attractive and expected to be accretive to earnings, exceeding BB&T's merger criteria. BB&T has a proven track record of successfully integrating acquisitions and anticipated achieving annual cost savings of $170 million from the Colonial deal.
Brown & Brown Inc. reported a 1% increase in net income for the third quarter of 2009 compared to the same period in 2008. Total revenue decreased 1% for the quarter. Net income for the first nine months of 2009 was up slightly compared to the same period last year, while total revenue increased slightly. The company stated that results reflected a challenging operating environment with declines in insurable exposure units and soft market rates.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
Boston Scientific reported financial results for the third quarter of 2009. Net sales increased 3% to $2.025 billion and adjusted EPS was $0.19. Reported GAAP EPS was $0.13. The company maintained its leadership in the worldwide DES market with a 41% share. Worldwide CRM product sales increased 8% and Endosurgery sales increased 8%. Guidance for Q4 2009 estimates net sales of $2.025-$2.125 billion and adjusted EPS of $0.17-$0.21. Full year 2009 guidance estimates net sales of $8.134-$8.234 billion and adjusted EPS of $0.75-$0.79.
This document is Atheros Communications' quarterly report filed with the SEC for the quarter ended September 30, 2009. It includes Atheros' condensed consolidated financial statements, with assets of $676 million and liabilities of $103 million. It also provides management's discussion of the company's financial condition and operating results, and discusses risks including the economic downturn and competition in the wireless LAN market. The report includes certifications of the CEO and CFO regarding financial controls.
- The document is Apple Inc.'s Form 10-Q quarterly report filed with the SEC for the quarter ended June 27, 2009.
- It provides Apple's condensed consolidated financial statements and notes to the financial statements for the quarter.
- The financial statements show that Apple's net sales increased 12% to $8.3 billion for the quarter compared to $7.5 billion in the same quarter the previous year, while net income increased 15% to $1.2 billion from $1.1 billion.
Hancock Holding Company announced its financial results for the third quarter of 2009. Net income increased 10.7% from the previous quarter to $15.2 million. Key factors were lower loan loss provisions and an expanded net interest margin. Non-performing assets rose slightly while net charge-offs decreased. Total assets declined 3.4% but the company remained well capitalized, with tangible equity ratio rising to 8.71%.
This document provides an agenda and highlights for Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with investors. It includes introductions, a discussion of 4Q and FY performance and strategies, financial results, and a Q&A session. Key metrics highlighted are 7.6% sales growth and a 1.5% decline in net earnings for 4Q, and 7.3% sales growth and a 7% decline in net earnings for FY2009. The document also outlines Walgreen's strategies around healthcare reform, the flu season, and expanding their business model.
1) Infosys Technologies reported financial results for the quarter ending September 30, 2009, with revenues of $1.154 billion, a 5.1% decline from the previous year. Net income was $317 million, a 0.9% decline.
2) For the quarter ending December 31, 2009, Infosys expects revenues between $1.155-1.165 billion, a 1.4-0.5% decline from the previous year, and earnings per share of $0.50, a 13.8% decline.
3) For the full fiscal year ending March 31, 2010, Infosys expects revenues between $4.60-4.62 billion, a 1
Marriott International reported financial results for the third quarter of 2009. Key highlights include:
- Revenue declined to $2.5 billion compared to $3 billion in Q3 2008 due to weaker demand.
- Net income declined 57% to $53 million compared to the prior year.
- REVPAR declined 23.5% worldwide and 20.6% in North America.
- The company added 79 new properties and expects to open over 33,000 new rooms in 2009.
PepsiCo held its 2009 Q3 earnings call on October 8, 2009. In the call, PepsiCo reaffirmed its guidance for 2009 of mid-to-high single digit constant currency net revenue and core EPS growth. PepsiCo also set a 2010 target of 11-13% core constant currency EPS growth, assuming the closing of acquisitions of PBG and PAS in early 2010. PepsiCo reported 5% constant currency net revenue growth and 8% core constant currency EPS growth in Q3 2009. PepsiCo highlighted investments planned for 2010 in areas such as R&D, emerging markets, brands, IT infrastructure, sustainability, and developing its employees.
- Alcoa held its 3rd quarter 2009 earnings conference call on October 7, 2009
- The call discussed Alcoa's financial results for the 3rd quarter of 2009 as well as the current state and outlook of the aluminum market
- Key highlights included income from continuing operations of $73 million, revenue up 9% sequentially, and initiatives offsetting currency and energy headwinds
The Pepsi Bottling Group reported third quarter 2009 results. Comparable diluted EPS was $1.06 and reported diluted EPS was $1.14. Currency neutral operating income grew 10% compared to the prior year on a comparable basis, while reported operating income declined 4% due to foreign exchange impacts. The company remains on track to achieve full-year 2009 guidance of $2.30-$2.40 diluted EPS at the high end of the range and has raised operating free cash flow guidance to approximately $550 million.
- Jean Coutu Group reported an increase in sales and revenues for the second quarter of 2010 compared to the same period last year. Total sales increased 7.7% to $549 million while revenues from franchising increased 7.3% to $608.7 million.
- Net earnings for the quarter were $14.9 million compared to a net loss of $39.1 million in the previous year. Earnings per share were $0.07 compared to a loss per share of $0.16 last year.
- Rite Aid also reported financial results for the second quarter, with revenues of $6.3 billion and a net loss of $116 million. Rite Aid revised its guidance
Minerva plc presented preliminary results for the year ended 30 June 2009. Key points included successfully restructuring and extending £750 million in loan facilities with no scheduled maturities in the current or next fiscal year. Development projects such as The Walbrook and St. Botolphs were on time and on budget. Tenant interest was improving for office developments in London's financial district despite a difficult real estate market.
This document is Worthington Industries' quarterly report filed with the SEC for the quarter ended August 31, 2009. It includes financial statements and notes for the quarter, as well as a discussion of financial results by management. Some key details include:
- Net sales for the quarter were $417.5 million, down from $913.2 million in the prior year quarter. The company reported a net loss of $4.5 million compared to net income of $79.7 million in the previous year.
- Inventories totaled $232.9 million as of August 31, 2009, down from $270.6 million as of May 31, 2009 as the company worked to reduce inventory levels.
The document provides the agenda and highlights from Walgreen Co.'s 4th quarter and fiscal year 2009 conference call with analysts held on September 29, 2009. It discusses 4th quarter and fiscal year financial results including net sales growth of 7.6% and 7.3% respectively, adjusted earnings per share of $0.44 and $2.02, and prescription sales growth. The document also summarizes Walgreen's strategies around healthcare reform, the H1N1 flu pandemic, expanding health services and 90-day prescriptions to lower costs.
Is it possible to sell hamster kombat tokens?CRYPTO SPACE 🪙
Well Hamster Kombat is a game and not a cryptocurrency yet or asset that can be sold. It's a fun game, but its tokens or items are not tradable or sellable in the same way as cryptocurrencies or other digital assets.
Here are the latest updates on Hamster Kombat:
- The Hamster Kombat Coin ($HMSTR) is expected to be listed in July 2024.
- The Hamster Kombat token listing will make $HMSTR more accessible, allowing for trading and investment opportunities.
- The integration of $HMSTR into the game’s economy is expected to enhance the overall player experience.
- The distribution of tokens to active community members is a move to reward players for their engagement and loyalty.
"Meanwhile, if you don't have the patience to wait for Hamster Kombat's official launch...🐹, there's an even bigger opportunity you don't want to MISS...🔥 you can literally profit right now!...💯 and the best part is that it's not a crypto airdrop, mining or anything that requires you tapping or investing your time, energy and money.
It's a straight forward process and you can do it within minutes and get your own piece of the cake...💰
It's a secret crypto giveaway "NO" one is talking about.
I got $200 worth of BNB token From this crypto giveaway update in less than 24hrs here is how you can participate and earn today.
Go over to your browser now! and search 🔍 for "dailytrend247.com", it’s a legit crypto blog that is currently doing a secret crypto giveaway, Go check it out trust me, it’s 💯 legit and very easy to Join. 🏃🏃🏃
Immediately you enter the website click the "Learn>>>" button at the top of the first page you'll be directed to the giveaway section.
Here is a 4 step process you can follow to successfully benefit.
Step 1: put your BNB wallet address, in other to receive the BNB reward.
Step 2: share to 5 friends, you need to invite your friends to join the giveaway 🎁
Step 3: Withdraw BNB 💰, at this point for you to get the free BNB you must "verify" by completing a simple survey or a sign up it depends on your region, the purpose of doing this is to actually know if you’re a human or robot, once done successfully you will get the BNB reward instantly to your crypto wallet.
BONUS TIP
To increase your chance getting the BNB reward I advise you should also join their community.
Also note the BNB reward may take a while before it arrive 👌
Thanks for reading...🙏
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuin...seenaoberoi
Surat Girls Call Surat 0X0000000X Payment On Delevery Cash Hot Premium Genuine High Profile Model College Girl
Contect For Ad Post:- puneetsing251@gmail.com
How can i sell hamster kombat token on Binance exchange!CRYPTO SPACE 🪙
Is it possible to sell hamster kombat tokens 🐹 on Binance exchange 💱
Well currently hamster kombat 🐹 is not listed on Binance exchange this means it's not tradable or sellable.
The official launch date with confirmed withdrawal functionality is yet to be announced.
Trust only official channels from Hamster Kombat for accurate information on withdrawals. Avoid relying on unverified sources that might provide misleading or outdated information.
"Meanwhile, if you don't have the patience to wait for Hamster Kombat's official launch...🐹, there's an even bigger opportunity you don't want to MISS...🔥 you can literally profit right now!...💯 and the best part is that it's not a crypto airdrop, mining or anything that requires you tapping or investing your time, energy and money.
It's a straight forward process and you can do it within minutes and get your own piece of the cake...💰
It's a secret crypto giveaway "NO" one is talking about.
I got $200 worth of BNB token From this crypto giveaway update in less than 24hrs here is how you can participate and earn today.
Go over to your browser now! and search 🔍 for "dailytrend247.com", it’s a legit crypto blog that is currently doing a secret crypto giveaway, Go check it out trust me, it’s 💯 legit and very easy to Join. 🏃🏃🏃
Immediately you enter the website click the "Learn>>>" button at the top of the first page
you'll be directed to the giveaway section.
Here is a 4 step process you can follow to successfully benefit.
Step 1: put your BNB wallet address, in other to receive the BNB reward.
Step 2: share to 5 friends, you need to invite your friends to join the giveaway 🎁
Step 3: Withdraw BNB 💰, at this point for you to get the free BNB you must "verify" by completing a simple survey or a sign up it depends on your region, the purpose of doing this is to actually know if you’re a human or robot, once done successfully you will get the BNB reward instantly to your crypto wallet.
BONUS TIP
To increase your chance getting the BNB reward I advise you should also join their community.
Also note the BNB reward may take a while before it arrive 👌
Thanks for reading...🙏
Bangalore Girls Call Bangalore 0X0000000X Payment On Delevery Cash Hot Premiu...seenaoberoi
Bangalore Girls Call Bangalore 0X0000000X Payment On Delevery Cash Hot Premium Genuine High Profile Model College Girl
Contect For Ad Post:- puneetsing251@gmail.com
Can i really cash - out hamster kombat...🐹💱
There are lot of extensive information circulating online.
It crucial to know Hamster Kombat is still under development. The official launch date with confirmed withdrawal functionality is yet to be announced.
Trust only official channels from Hamster Kombat for accurate information on withdrawals. Avoid relying on unverified sources that might provide misleading or outdated.
"Meanwhile, if you don't have the patience to wait for Hamster Kombat's official launch...🐹, there's an even bigger opportunity you don't want to MISS...🔥 you can literally profit right now!...💯 and the best part is that it's not a crypto airdrop, mining or anything that requires you tapping or investing your time, energy and money.
It's a straight forward process and you can do it within minutes and get your own piece of the cake...💰
It's a secret crypto giveaway "NO" one is talking about.
I got $200 worth of BNB token From this crypto giveaway update in less than 24hrs here is how you can participate and earn today.
Go over to your browser now! and search 🔍 for "dailytrend247.com", it’s a legit crypto blog that is currently doing a secret crypto giveaway, Go check it out trust me, it’s 💯 legit and very easy to Join. 🏃🏃🏃
Immediately you enter the website click the "Learn>>>" button at the top of the first page
you'll be directed to the giveaway section.
Here is a 4 step process you can follow to successfully benefit.
Step 1: put your BNB wallet address, in other to receive the BNB reward.
Step 2: share to 5 friends, you need to invite your friends to join the giveaway 🎁
Step 3: Withdraw BNB 💰, at this point for you to get the free BNB you must "verify" by completing a simple survey or a sign up it depends on your region, the purpose of doing this is to actually know if you’re a human or robot, once done successfully you will get the BNB reward instantly to your crypto wallet.
BONUS TIP
To increase your chance getting the BNB reward I advise you should also join their community.
Also note the BNB reward may take a while before it arrive 👌
Thanks for reading...🙏
Hamster kombat - A simple and effective method to withdraw mined tokens.CRYPTO SPACE 🪙
How to withdraw money from Hamster kombat:
Yes! you can withdraw your hamster tokens 🐹 by following the simple steps below:👇
Step 1: Earn money on Hamster Kombat
Step 2: Accumulate money
Step 3: Verify your account on the crypto exchange that is already connected with Hamster Kombat
Step 4: Navigate to the withdrawal section on the exchange (only after listing HMSTR here)
Step 5: Choose your withdrawal method
Step 6: Enter withdrawal details
Step 7: Confirm withdrawal request
Step 8: Wait for processing
Also if you feel hamster kombat 🐹 is a SCAM or lack the patience to wait till withdrawal open officially.
Here is a more bigger opportunity you don't want to MISS - ON...🔥 you can literally profit right now!...💯 and the best part is that it's not a crypto airdrop, mining or anything that requires you tapping or investing your time, energy and money.
It's a straight forward process and you can do it within minutes and get your own piece of the cake...💰
It's a secret crypto giveaway no one is talking about.
I got $200 worth of BNB token From this crypto giveaway update in less than 24hrs here is how you can participate and earn today.
Go over to your browser now! and search 🔍 for "dailytrend247.com", it’s a legit crypto blog that is currently doing a secret crypto giveaway, Go check it out trust me, it’s 💯 legit and very easy to Join. 🏃🏃🏃
Immediately you enter the website click the "Learn>>>" button at the top of the first page.
you'll be directed to the giveaway section.
Here is a 4 step process you can follow to successfully benefit.
Step 1: put your BNB wallet address, in other to receive the BNB reward.
Step 2: share to 5 friends, you need to invite your friends to join the giveaway 🎁
Step 3: Withdraw BNB 💰, at this point for you to get the free BNB you must "verify" by completing a simple survey or a sign up it depends on your region, the purpose of doing this is to actually know if you’re a human or robot, once done successfully you will get the BNB reward instantly to your crypto wallet.
BONUS TIP
To increase your chance getting the BNB reward I advise you should also join their community.
Also note the BNB reward may take a while before it arrive 👌
Thanks for reading...🙏
Economic Risk Factor Update: July 2024 [SlideShare]Commonwealth
Service sector confidence fell in June, bringing the index into contractionary territory, said Sam Millette, director of fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Hopefully I will work you through a short process to follow in other to ensure the safety of your hamster token's 🐹
Step 1: Earn money on Hamster Kombat
Step 2: Accumulate money
Step 3: Verify your account on the crypto exchange that is already connected with Hamster Kombat
Step 4: Navigate to the withdrawal section on the exchange (only after listing HMSTR here)
Step 5: Choose your withdrawal method
Step 6: Enter withdrawal details
Step 7: Confirm withdrawal request
Step 8: Wait for processing
"Meanwhile, if you don't have the patience to wait for Hamster Kombat's official launch...🐹, there's an even bigger opportunity you don't want to MISS...🔥 you can literally profit right now!...💯 and the best part is that it's not a crypto airdrop, mining or anything that requires you tapping or investing your time, energy and money.
It's a straight forward process and you can do it within minutes and get your own piece of the cake...💰
It's a secret crypto giveaway "NO" one is talking about.
I got $200 worth of BNB token From this crypto giveaway update in less than 24hrs here is how you can participate and earn today.
Go over to your browser now! and search 🔍 for "dailytrend247.com", it’s a legit crypto blog that is currently doing a secret crypto giveaway, Go check it out trust me, it’s 💯 legit and very easy to Join. 🏃🏃🏃
Immediately you enter the website click the "Learn>>>" button at the top of the first page you'll be directed to the giveaway section.
Here is a 4 step process you can follow to successfully benefit.
Step 1: put your BNB wallet address, in other to receive the BNB reward.
Step 2: share to 5 friends, you need to invite your friends to join the giveaway 🎁
Step 3: Withdraw BNB 💰, at this point for you to get the free BNB you must "verify" by completing a simple survey or a sign up it depends on your region, the purpose of doing this is to actually know if you’re a human or robot, once done successfully you will get the BNB reward instantly to your crypto wallet.
BONUS TIP
To increase your chance getting the BNB reward I advise you should also join their community.
Also note the BNB reward may take a while before it arrive 👌
Thanks for reading...🙏
MEMBERS, FRIENDS AND ASSOCIATES OF ATHENS CALLS ATHENS JUNE 2024
Q1 2009 Earning Report of Mcmoran Exploration Co.
1. 1st Quarter 2009
Conference Call
James R. Moffett Richard C. Adkerson
James R. Moffett Richard C. Adkerson
Co-Chairmen of the Board
Co-Chairmen of the Board
April 20, 2009
April 20, 2009
www.mcmoran.com
www.mcmoran.com
2. Cautionary Statement
This is an oral presentation which is accompanied by slides. Readers are urged to review our SEC filings.
This presentation contains certain forward-looking statements regarding various oil and gas discoveries, oil and gas
exploration, development and production activities, anticipated and potential production and flow rates; anticipated
revenues; the economic potential of properties; estimated exploration and development costs and the potential Main Pass
Energy HubTM Project. Accuracy of these forward-looking statements depends on assumptions about events that change over
time and is thus susceptible to periodic change based on actual experience and new developments. McMoRan cautions
readers that it assumes no obligation to update or publicly release any revisions to the forward-looking statements in this
presentation and, except to the extent required by applicable law, does not intend to update or otherwise revise these
statements more frequently than quarterly. Important factors that might cause future results to differ from these forward-
looking statements include: adverse conditions such as high temperature and pressure that could lead to mechanical failures
or increased costs; variations in the market prices of oil and natural gas; drilling results; unanticipated fluctuations in flow
rates of producing wells; oil and natural gas reserves expectations; the ability to satisfy future cash obligations and
environmental costs; as well as other general exploration and development risks and hazards. These and other factors are
more fully described in McMoRan’s 2008 Annual Report on Form 10-K on file with the Securities and Exchange Commission.
The Securities and Exchange Commission permits oil and gas companies in their filings with the SEC to disclose only proved
reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally
producible under existing economic and operating conditions. We use certain phrases and terms in this presentation, such as
quot;gross unrisked potential“ and “reserve potential,” which the SEC's guidelines strictly prohibit us from including in filings with
the SEC. We urge you to consider closely the disclosure of proved reserves included in McMoRan's Annual Report on Form 10-
K for the year ended December 31, 2008.
This presentation also contains a financial measure commonly used in the oil and natural gas industry but is not defined
under GAAP. As required by SEC Regulation G, reconciliations of these measures to amounts reported in McMoRan’s
consolidated financial statements are in the supplemental schedules of this presentation.
2
3. 1Q09 Highlights
First-quarter 2009 Production Averaged 198 MMcfe/d
Flatrock Field Update:
- Four Wells Currently Producing at a Gross Rate of Approximately 235 MMcfe/d
(44 MMcfe/d net to McMoRan)
- First Production from Well Nos. 5 and 6 Expected by Mid-Year 2009
Three Deep Gas Exploration Prospects In-progress:
- Ammazzo on South Marsh Island Block 251
- Cordage on West Cameron Block 207
- Blueberry Hill Sidetrack on Louisiana State Lease 340
Near Term Exploratory Drilling Plans Include:
- Sherwood Deep Gas Prospect on High Island Block 133
- Evaluation of Additional Ultra-deep Opportunities
$95 MM in Cash and No Borrowings Under Credit Facility at 3/31/09
3
4. Financial Summary
Financial Results (in millions) 1Q09 1Q08
Revenues $97 $295
Net Income (Loss) $(63) $ 32
EBITDAX (1) $68 $228
Operating Cash Flows $34 $173
Capital Expenditures $29 $ 51
Cash $95 $6
Special Items Included in Results: (in millions)
Impairment Charges $39 -
Realized (Gain) Loss on Derivative Contracts $(18) $4
Unrealized (Gain) Loss on Derivative Contracts $(1) $41
Hurricane Charges $11 -
Insurance Proceeds $(19) -
Dry Hole Costs $16 $(1)
(1) See reconciliation of this non-GAAP measure on page 32.
4
5. 1Q09 Average Production
Rates For Top Fields (MMcfe/d)
“Liberty Canal”
Gross: 14; Net: 4
LA State Lease 18090
“Laphroaig”
“Long Point”
Gross: 41; Net: 12
Gross: 36; Net: 10
West Delta 27
Grand Isle 3
Gross: 8; Net: 4
South Marsh Island 212 Gross: 11; Net: 4
“Flatrock”
Main Pass 138
South Pelto 9
No. 1 - Gross: 29; Net 5
Gross: 6; Net: 5
Gross: 26; Net: 8
No. 2 - Gross: 102; Net 19
No. 3 - Gross: 9; Net 2
No. 4 - Gross: 80; Net 15 Eugene Island 251 (1)
Main Pass 299
Gross: 12; Net: 10
Vermilion 215 (2)
High Island 474 Gross: 11; Net: 8
Gross: 9; Net: 5
South Timbalier 193
Eugene Island 182
Gross: 17; Net: 8
Gross: 21; Net: 11
South Timbalier 299
Gross: 12; Net: 8
South Marsh Island 141 (1)
Eugene Island 318 (1)
Eugene Island 346 (1)
1Q09 Sales
Natural Gas (Bcf) 12.2
Oil (mm bbls) 0.7
Shut In Since Hurricane Plant Products (Bcfe) 1.1
(1) Field remains shut in due to delays associated with availability of third party pipelines and processing facilities.
(2) Current production rate; field recommenced production in February 2009
5
6. Status Report Post 3Q08 Hurricanes
1Q09 Production Continued to be Impacted by Downstream Facilities
Damaged by September 2008 Hurricanes
Production
- 1Q09 Actual: 198 MMcfe/d
- Current: ~200 MMcfe/d
- Still Offline: ~45 Mmcfe/d
- 2Q09 Estimate: 180(1) MMcfe/d
Timing of Restoring Production is Dependent on Downstream Pipelines and
Facilities Operated by Third Parties
Pursuing Substantial Insurance Recovery for Hurricane Related Costs
- Costs Will be Funded Over Multi-year Period
- Received $20 MM ($18.7 MM Net of Partners’ Share) in Initial Payments for Insurance
Proceeds
(1) 2Q09 production will be affected by downtime at the Flatrock field for planned facility expansion, maintenance and remediation activities.
6
7. Flatrock Field Status Report
Total Pay Net Feet
Total Pay Net Feet
Flatrock Wells Well Type Intervals of Pay (1) Status
Flatrock Wells Well Type Intervals of Pay (1) Status
1st ̶ #228 Discovery 8 260 Producing
2nd ̶ #229 Delineation 8 289 Producing
3rd ̶ #230 Delineation 8 256 Producing
4th ̶ #231 Development 2 116 Producing
5th ̶ #232 Development 8 155 Completing
6th ̶ #233 Delineation 2 40 Completing
4 Wells Producing at Gross Rate of 235 MMcfe/d (44 MMcfe/d Net to MMR)
Field Will be Temporarily Shut In in 2Q for Planned Expansion/Maintenance/Remediation
First Production From #5 and #6 Wells Expected by Mid-year 2009
____________________
(1) Confirmed with wireline logs. 7
8. Flatrock Major Discovery
( 5 Operc)
Rob L
3
Flatrock Ryder Scott
Proved Reserves at 12/31/08
Producing
Undeveloped 25%
12%
Non-producing
63%
Located on OCS 310 at
South Marsh Island Block 212
357 Bcfe Gross
in 10 Feet of Water
66 Bcfe Net
6 Successful Wells Drilled to Date
NOTE: McMoRan owns a 25% Working Interest and an 18.8% Net Revenue Interest. 8
9. OCS 310/LA State Lease 340 – Gross Unrisked Potential
For The Area Below Shallow Production
NOTE: We use certain phrases and terms in this presentation, such as quot;gross unrisked potential,quot; which the SEC's guidelines strictly prohibit
us from including in filings with the SEC. See Cautionary Statement. 9
10. McMoRan Acreage Position
Rights to 1.2 Million Gross Acres,
Including 227,000 Acres in the Ultra-deep Trend
Flatrock Area
OCS 310/LA State Lease 340
McMoRan has rights to
150,000 gross acres.
South Timbalier Block 168
(BLACKBEARD)
McMoRan Controls 25,000
Gross Acres
MOXY Acreage
Ultra-deep Potential Acquired in August 2007
10
11. Ammazzo Deep Gas
Exploration Prospect
Located in 25 feet of water
MMR WI: 25.9%
MMR NRI: 21.1%
Targeting one of the Largest Undrilled Structures
Spud: November 2008
Below 15,000’ on the Shelf
Current Depth: 21,600’
Positioned on the Southern Portion of the Structural
PTD: 24,500’ Ridge Extending From Flatrock and JB Mountain
Gross Unrisked Potential of 500 Bcfe to > 1 Tcfe
11
12. Cordage Deep Gas
Exploration Prospect
Located in 50 feet of water
MMR WI: 50.0%
MMR NRI: 40.2%
Cordage – West Cameron Block 207
Spud: March 18, 2009
Current Depth: 12,200’
Targeting Rob-L and Rob-M (Operc) Sands
PTD: 19,500’
Gross Unrisked Potential of 200 Bcfe
12
13. Blueberry Hill Deep Gas
Exploration Prospect
Located in 10 feet of water
MMR WI: 46.8%
MMR NRI: 32.3% Re-entered Existing Well Bore and Commenced
Sidetrack Operations
Start Date: March 29, 2009
Targeting Gyro Sands Encountered in Original
PTD: 24,000’ Exploratory Well
McMoRan Believes Sands Could be Better
Developed in a Down Dip Position on Flank of
Structure
Gross Unrisked Potential of 500 Bcfe
13
14. Deep Gas vs. Ultra-Deep Gas
Deep Gas Shelf Play Ultra-Deep Shelf Play
Shallow Waters of GOM/Onshore South Offshore ± 100’ Waters of GOM
Louisiana
Multi-100 Bcfe-1 Tcfe Reserve Potential +1 Tcfe of Reserve Potential
Well Depths Range From 15,000’ to 25,000’ Well Depths Range From 25,000’ to 35,000’
Below Previous Production Deeply Buried Structures with Analogs to
(i.e. Deeper Pool Concept) Deepwater Discoveries
Near Existing Infrastructure Which Near Existing Infrastructure; ~ 18-Mo. Lead
Allows Rapid Development Time for Production Casing, Trees & Safety
Valves May be Required Due to Increased
Pressures/Temperatures
Both Plays Are Under-Explored
Early Results Confirm Presence of Hydrocarbons at Depth in GOM
14
16. South Timbalier Block 168
Exploration Prospect
Located in 70 Feet of Water
Drilled to 32,997’ in 3Q08
Deepest Well Drilled Below
Mudline in Gulf of Mexico
Logged 4 Potential Hydrocarbon Bearing Zones
Below 30,000’ – Further Evaluation Needed
Continuing to Work on Plans for Completion &
Production Test; Well Currently T&A’d
Incorporating Geologic Data From This Well to
Generate Additional Ultra-Deep Prospects
McMoRan Operates and Owns 32.3% WI
16
17. Conceptual
Model
Lower
Miocene
Depositional
Tendency
17
17
18. Conceptual
Model
Depositional
Fairways
Eocene
(Yegua/Wilcox)
18
18
19. Conceptual
Model
Depositional
Fairways
Cretaceous
(Woodbine/
Tuscaloosa)
19
19
20. 2009 Savings Initiatives
Summary of Reductions
to 2009e Costs
Identified ~$75 mm in Projected Savings
in 2009 vs. January 2009 Plan
Will Continue to Prudently Manage
Deferral of Discretionary
Deferral of Discretionary
Expenditures in Response to Current
Reclamation Projects
Reclamation Projects
Market Conditions
$35 mm
$35 mm
Revised 2009e Plan includes:
Reduction in CAPEX of 13%
Deferral in Discretionary Reclamation
Lower
Lower
Spending of 30%
CAPEX
CAPEX
$10 mm
$10 mm Spending
Spending
Operating &
$30 mm
$30 mm
Administrative
Cost Savings
Amounts are projections. See cautionary statement. 20
21. 2009 Outlook Summary
2009 Production Estimated to Average ~ 215 MMcfe/d
Continuing Active Exploration Program
- Ammazzo
- Blueberry Hill Sidetrack
- Cordage – West Cameron Block 207
- Sherwood – High Island Block 133
- Blackbeard West/Other Potential Ultra-Deep Opportunities
2009 Capital Expenditures Estimated to ~ $200 MM
- $100 MM in Exploration Costs
- $45 MM in Development Costs
- $55 MM for Costs Incurred in 2008 That Will be Funded in 2009
- Spending to Continue to be Driven by Opportunities and Managed Within Cash
and Cash Flows, Including Potential Participation by Partners in Projects
Reclamation Costs: ~ $80 MM in P&A Expenditures & $15 MM For P&A Escrow
Pursuing Substantial Insurance Recovery for Hurricane Related Costs
- Received $20 MM ($18.7 MM Net of Partners’ Share) in Initial Payments for
Insurance Proceeds in 1Q09
- Expect to Receive Significant Additional Proceeds
21
22. Cash Flow Sensitivities
($ in millions)
2009e EBITDAX (1)
$330
$280
$230
-$1/Mcf Forward +$1/Mcf
-$5/Bbl Pricing +$5/Bbl
(1) Based on 2009 production estimate from existing fields and assumes actual pricing to date and NYMEX forward curve pricing as of April 15, 2009 ($4.25/MMbtu and $55.30/bbl
for the remaining nine months of 2009). Estimates include the projected impact of derivative contracts currently in place. After considering the impact of our current hedge
positions, each $1.00/MMbtu change in the natural gas price during the remainder of 2009 would impact annual EBITDAX by $40 million and each $5/bbl change in the oil price
would impact our EBITDAX by $10 million. A 5 percent change in production volume (natural gas equivalents) would impact our EBITDAX by approximately $17 million.
e = estimate.
22
23. McMoRan Debt Maturities 3/31/09
(US$ millions)
$400
Total Capitalization at 3/31/09
Revolving Credit Facility $ -0-
$300
$300 Senior Notes Due 2014 $300
11.875%
Sub-Total $300
Senior
Convertible Debt 75 Notes
Total Debt $375
$200
Cash $95
$100
$75
5.25%
Conv.
Senior
$0 $0 $0 $0 $0
Notes (1)
(1)
$0
2009 2010 2011 2012 2013 2014 Thereafter
Public Debt Convertible Debt
(1) Conversion price of $16.575 per common share 23
24. Financial Policy
Maintain Strong Balance Sheet to Enable Future Growth
Capital Spending to be Driven by Opportunities and
Managed Within Cash & Cash Flows
Commit Capital to High Potential Opportunities While
Maintaining Capital Discipline
Manage Risk Through Partnering
24
25. Key Investment Highlights
Significant Reserves and Production Profile
High Impact Exploration Prospects
One of the Largest Acreage Holders on GOM Shelf
Additional Upside From Potential MPEHTM LNG/Storage Project
Experienced Management With a Track Record of Success
Attractive Risk/Reward Profile
25
29. South Timbalier Block 168
Cross Section
ST 168 #1 Proposed
BP2 ST 167 #1
Offset Well
ST 168 #1 Proposed
BP2 ST 167 #1
Offset Well
29
30. Comparison to Significant
Deepwater Discovery
quot;Schematic cross-section based on public data by the operator of the K2 discovery in the deepwater
GOM in the Green Canyon area as interpreted by McMoRanquot; 30
31. Hedge Positions
Natural Gas Positions (million MMbtu)
Open Swap Positions (1) Put Options (2)
Average Average
Volumes Swap Price Volumes Floor
2009 3.9 $ 8.93 3.2 $ 6.00
2010 2.6 $ 8.63 1.2 $ 6.00
Mark to market position on natural gas at 3/31/09: $33.2 MM Gain
Oil Positions (thousand bbls)
Open Swap Positions (1) Put Options (2)
Average Average
Volumes Swap Price Volumes Floor
2009 171 $ 71.73 125 $ 50.00
2010 118 $ 70.89 50 $ 50.00
Mark to market position on oil at 3/31/09: $5.0 MM Gain
____________________
(1) Remaining 2009 swaps cover periods April-June and November-December; 2010 swaps cover periods January-June and November-December
(2) Covering periods July-October
31
32. Reconciliation of Non-GAAP Measure
EBITDAX is a financial measure commonly used in the oil and natural gas industry but is not a recognized accounting term under
accounting principles generally accepted in the United States of America (“GAAP”). As defined by McMoRan, EBITDAX reflects the
company’s adjusted oil and gas operating income. “EBITDAX” is derived from net income (loss) from continuing operations before
other (income) expense, interest expense (net), income taxes, start-up costs for the Main Pass Energy HubTM project, exploration
expenses, depletion, depreciation and amortization expense, stock-based compensation charged to general and administrative
expenses, unrealized (gains)/losses on oil & gas derivative contracts, hurricane-related charges and insurance recoveries. EBITDAX
should not be considered by itself or as a substitute for net income (loss), operating income (loss), cash flows from operating
activities or any other measure of financial performance presented in accordance with GAAP, or as a measure of McMoRan’s
profitability or liquidity. Because EBITDAX excludes some, but not all, items that affect net income (loss), our computation of this
non-GAAP financial measure may be different from similar presentations of other companies including other oil and gas companies
in our industry. As a result, the EBITDAX data presented below may not be comparable to similarly titled measures of other
companies. A reconciliation of net income (loss) to EBITDAX for the first quarter ended 2008 and 2009 is set forth below:
1Q09 1Q08
($ in millions)
Net loss applicable to common stock, as reported $ (63) $ 32
Preferred dividends and amortization of convertible preferred stock issuance costs 3 4
Loss from discontinued operations 1 1
Income from continuing operations, as reported (59) 37
Other income (expense) 0 1
Interest expense, net 11 17
Income tax 0 1
Start-up costs for Main Pass Energy HubTM project 1 2
Exploration expenses 28 7
Depreciation, depletion and amortization expense 93 121
Hurricane-related charges included in production and delivery costs 11 -
Stock-based compensation charge to general and administrative expenses 3 1
Insurance recoveries (19) -
Unrealized (gain) loss on oil & gas derivative contracts (1) 41
EBITDAX $68 $228
32