| ABU | 43% increase in ounces of gold in total resource. 300% increase in ounces of gold in the Indicated Resource category. 27% increase in overall grade. 56% increase in Indicated Resource grade. Includes a Maiden Indicated Resource at the Golden Hind Discovery of: 113,000 tonnes averaging 16.45g/t gold (1g/t cut-off) for 59,100 ounces including a highgrade core of 34,000 tonnes averaging 45.58g/t gold for 49,200 ounces of gold. | Company report |
| ADN | Some of the highest grade copper‐gold drill results in the 150‐year history of South Australia’s historic Moonta‐Wallaroo mining region have been announced by Adelaide Resources. The results just available from Adelaide Resources are from its first drilling program on the wholly owned Alford West prospect within the Company’s Moonta Copper‐Gold Project. The project is located at the southern end of South Australia’s world‐renowned Olympic Copper Gold Province which has already yielded major producing mines such as BHP Billiton’s Olympic Dam, OZ Minerals’ Prominent Hill and the famous Moonta‐Wallaroo mines. Significant other deposits discovered in the area in recent years and currently in pre‐development stage, include Oz Minerals’ Carrapateena and Rex Minerals’ Hillside, the latter being some 60 km south of Adelaide Resources’ project tenement. The shallow, high‐grade copper and gold intersections at Alford West announced today by Adelaide Resources include exceptional hits of 20 metres at 4.20% copper and 0.27 grams per tonne gold, and 45 metres at 1.55% copper and 1.81 g/t gold. | Company report |
| ALK | The DFS for the DZP has delivered a technically and financially robust project over an initial 20 year life with EBITDA of A$5.23 billion and NPV of A$1.23 billion. Tomingley Gold Project (TGP). The Mining Lease was granted in February and site construction commenced immediately. The construction is currently on time and within budget. RC and core drilling at Caloma Two have been completed and results confirm significant gold mineralisation: PE 873 9 metres grading 110g/t gold from 194 metres | Company report |
| ANZ | ANZ announced a statutory profit after tax of $2.9 billion up 7% compared to the previous half (HOH). Cash profit of $3.2 billion increased 8% HOH and 10% against the prior comparable period (PCP). The interim dividend of 73 cents per share fully franked is 11% higher than interim 2012. Profit before provisions (PBP) increased 7% (+10% PCP) reflecting growth in International and Institutional Banking, particularly in Asia, a strong performance from the Australia Division, emerging benefits from the New Zealand simplification program, a solid contribution from Global Wealth and further Group-wide improvement in productivity. Return on equity (RoE) increased by 80 bps to 15.5% (steady PCP) driven by earnings growth and initial benefits from our focus on capital efficiency. Earnings per share increased 7% to 117.0 cents. Dividend uplift came from stronger earnings with a move to progressively rebalance to a more even distribution of dividend half on half. Revenue, excluding the gain on the sale of Visa shares in 2H12, increased 3% (+4% PCP). Earnings diversification continues with 20% of revenue derived from outside of Australia and New Zealand. Global Markets revenue increased 23% to $1.1 billion (+11% PCP) with customer sales up 7%. ANZ invested over $400 million in growth and transformation initiatives across the bank during the half. Productivity improvements saw expenses, excluding one-offs in 2H12, decline slightly. The cost to income ratio (CTI) decreased to 44.4%. The Group net interest margin excluding Global Markets was steady at 267 bps. The benefits of reduced reliance on wholesale funding and asset repricing were offset by deposit competition and the impact of lower earnings on capital and rate insensitive deposits in a declining interest rate environment. Customer deposits grew 5% (+12% PCP) with net loans and advances up 3% (+7% PCP). The provision charge was $599 million, down 13%. Gross impaired assets declined 10%. The collective provision coverage ratio is 1.01% on a Basel 3 basis (1.06% Basel 2). ANZ remains strongly capitalised under the new Basel 3 capital rules and is at the upper end of global peers comparisons. Capital generation of $2.2 billion increased the Common Equity Tier 1 (CET1) ratio on an Australian Prudential Regulation Authority (APRA) Basel 3 basis to 8.2%, equivalent to an internationally harmonised Basel 3 basis CET1 of 10.3%. | Company report |
| AWE | Production steady at 1.3 million BOE. Sales revenue of $77 million in line with previous quarter Field EBITDAX up 1.3% to $49 million. Sugarloaf 2P Reserves up 67% (greater than AWE’s forecast total production for 2012-13). Senecio gas field development feasibility study. nearing completion.Promising gas flows from Carynginia Shale interval at Arrowsmith-2. Good progress on the AAL development project – tendering for major facility construction contracts commenced and farm-out preparations on track. Appraisal drilling underway on Lengo gas field, Indonesia | Company report |
| AZH | The Company reported increased JORC Code and NI 43-101 compliant inferred resources: Total inferred resources increased to 16.7Mt at 3.0g/t Au for 1.65Moz gold; Contained within the total resource, the Smarts Deposit is 8.1Mt at 4.2g/t Au for 1.08Moz. Scoping study completed. Results are robust and encourage Azimuth to progress study work to pre-feasibility stage, with infill resource drilling planned for commencement next quarter. High grade gold discovered Larken Prospect, West Omai. Initial assays, and follow up drilling completed during the quarter reported: LRC007 12m @ 4.6g/t Au from 25m | Company report |
| BPT | Chevron farm-in to Cooper Basin PEL 218 and ATP 855 unconventional acreage. PEL 106B gas sales agreement (“GSA”) finalised with SACB JV, with first gas sales on 19 March 2013. Total production of 1.8 MMboe, 2% down on previous quarter, mainly due to lower SACB JV gas production offset by higher oil production. Sales volumes of 1.9 MMboe, 4% down on previous quarter, mainly due to timing of condensate sales. Total revenue of $155.6 million, 10% down on previous quarter, mainly due to no condensate sales. Participation in 22 wells, with a success rate of 68%. Halifax-1 vertical well flowed gas at up to 4.5 MMscf/d. Holdfast-2 horizontal well reached total depth and will be stimulated in upcoming program. Major GSA signed with Origin for up to ~139 PJ over eight years, with option for Origin to extend contract for up to ~173 PJ over 10 years. Bauer to Lycium oil flowline operational, the gross capacity of which is 10,000 bopd. Strong balance sheet with $245 million in cash reserves and a multi-option financing facility of $150 million available | Company report |
| BSE | Kwale Project is 71% complete and on schedule for production to commence in Q3 2013. Mukurumudzi Dam wall closed ahead of the wet season as planned. Second US$72 million drawdown on the Kwale Project Debt Facility completed in February 2013. Secured US$20 million extension to the Kwale Project Debt Facility. Kenyan elections concluded peacefully with an orderly government transition now proceeding. | Company report |
| BTU | Total coal sales of 76,965 tonnes from Cascade and Takitimu. Positive interim decision from Environment Court. Climate Change appeal concludes in Supreme Court. Acquisition of Southland coal assets. Appointment of Chief Financial officer. | Company report |
| CFE | At 31 March 2013, the Company had approximately A$20million in cash at bank. Deutsche Bank mandated to manage the sale of the royalty for the Mayoko Iron Ore Project in the Republic of Congo. Canaccord Genuity (Australia) Limited appointed as financial advisor as part of strategic review of assets. The Company entered into a binding agreement for the sale of Cape Lambert Leichhardt Pty Ltd, the holder of the Leichhardt Copper Project for A$14.75million. The Company has received a A$2million non-refundable deposit and the final payment of A$12.75million will be received on completion, scheduled for 31 May 2013. In addition to the consideration from the sale, the Company will have A$5.6million in environmental and cash bonds returned. Cape Lambert Resources is pleased to advise the market as to the progress of its interest in a land position, totaling approximately 1,560km2, in an emerging iron ore region in the Republic of Gabon, central West Africa. Cape Lambert acquired this interest by entering in to an agreement with Genmin late in 2012 over exploration applications Cape Lambert had made on two prospective land positions in Gabon during 2012. Genmin agreed to fund, manage and progress the exploration applications to grant and to subsequently fund, manage and progress the exploration activities and studies on the Projects in return for an 80% interest in the Projects. Cape Lambert holds a 20% interest in the Projects and is free carried to “decision to mine”. The Projects comprises two exploration tenements located near Franceville in south-east Gabon known as Baniaka (774km2) and Mafoungui (789km2). The exploration licences were granted late in 2012. Cape Lambert Resources also announces that it has secured substantial land holdings in the highly prospective Birimian Greenstone Gold Belt within Cote D’Ivoire. | Company report |
| COK | During the quarter, the Company completed a Supplementary Bankable Feasibility Study (‘SBFS’) for the proposed 3.5 million tonnes per annum (‘Mtpa’) expansion of the Baralaba ULV PCI mine in central Queensland. The SBFS has significantly reduced the capital expenditure and operating costs outlined in the original BFS, released in September 2012, while also extending the mine life and maintaining the 3.5 Mtpa production target. | Company report |
| CPL | Coalspur announced it concluded an arrangement to fund the majority of Stage 1 of its Vista Coal Project. EIG Global Energy Partners (“EIG”) to provide a senior secured debt facility of up to US$350 million (the “Facility”). The Facility is expected to fund the majority of development capital for Stage 1 of Vista, which is estimated to be C$445 million. EIG increased the amount of the Facility to up to US$350 million, an increase of US$50 million from the previous announcement on 20 December 2012. The arrangement enables Coalspur to retain all off-take and marketing rights which allows it to preserve strategic flexibility and extract greater value for Coalspur shareholders in the future. Coalspur will also retain 100% ownership of Vista as part of this transaction. Access to the Facility maintains the development schedule of Vista with anticipated construction in mid-2013 and first production in 2015. Highland Park continued to show support of the Company by allowing C$30 million of the C$40 million debt currently outstanding to remain in the Company as subordinated debt. | Company report |
| DLS | Drillsearch Energy is pleased to announce the successful pricing of US$100 million senior unsecured, guaranteed convertible bonds due 1 September 2018 (Convertible Bonds). The net proceeds will be used to repay the A$100 million bridge facility provided by the CBA to fund the acquisition of Acer Energy Limited. | Company report |
| DTE | The Company has adopted a new strategy aimed at resetting the company’s priorities and ultimately restoring value for shareholders. The Company’s near-term focus is on its U.K. portfolio – this includes development of its advanced CSG projects in the U.K. as well as progressing its extensive shale assets in England, specifically in the Bowland Basin, which to-date has seen some encouraging exploration results. Consequently, the Company, including Dart Energy International which holds all assets and operations outside of Australia, will operate as a single entity. John McGoldrick has assumed the role of Chief Executive Officer of Dart Energy Limited. The Company has cancelled the previously announced IPO of Dart Energy International. | Company report |
| EVR | Endeavour Mining has sold its entire 38.5% shareholding in Namibia Rare Earths Inc. Endeavour sold its 30,000,000 shares of NRE at CDN$0.18 for cash proceeds of US$5.3 million. To date, approximately 68% of the US$160 million construction budget has been committed for Agbaou Gold Mine, with US$59 million spent and the project is approximately 57% physically complete overall. At current gold prices, mine cash flows and balance sheet resources, including cash and bullion of approximately $130 million as of March 31, are sufficient to complete construction as planned. | Company report |
| FML | During the period, the Group continued to transition to new primary ore sources at both its Laverton and Coolgardie operations. One transition is now complete (Laverton) and the other (Coolgardie) is still in progress. Production for the period was 24,592oz of gold comprising 16,556oz from the Laverton operations and 8,684oz from the Coolgardie operations. Laverton production was 1,444oz below guidance due to plant processing issues and harder ore sources which saw a 14% reduction in tonnages milled against budget. Coolgardie production was 3,316oz below guidance due to the continued suspension of mining at the Big Blow open pit (finally re permitted and re-started on 15 April) and the impact of poor planning and execution for the transition to the Greenfields pit. Average Group C1 cash costs for the period were $1,893/oz, reflecting the low production results in Coolgardie for an operation with fixed costs geared to run at far greater outputs; a 34% drop in grade due to the required increase in low-grade processing; and escalating plant processing fees at the Laverton operations incurred through the third party processing arrangement. | Company report |
| GBG | Five magnetite shipments were made for 283,000 wet metric tonnes (wmt). The Karara Project is currently running at approximately 70% capacity· 20 shipments of hematite were made for 1.2 million wmt. During the Quarter Karara’s full logistics chain has demonstrated the ability to operate at nameplate capacity. At 31 March 2013, Gindalbie Metals Ltd had cash reserves of A$41.05 million and Karara Mining Limited (KML) had cash reserves of A$10.6 million. Subsequent to the end of the Period, Gindalbie and Ansteel contributed loans of A$30 million each to KML for working capital purposes. | Company report |
| GEM | G8 Education is pleased to announce the acquisition of three premium childcare and education centres located in New South Wales. A business acquisition contract has been executed, conditional upon customary licensing approvals. The acquisition will be funded from existing cash and bank finance facilities, with settlement expected to occur before the end of July 2013. The purchase price for the three centres is $3.3 million including transaction costs which is payable at settlement. This represents 4 times anticipated EBIT for the 12 months post settlement. | Company report |
| GPT | Solid portfolio performance with high occupancy maintained. Completed $300 million redevelopment of Highpoint Shopping Centre 161 Castlereagh St tower reached practical completion. GWOF acquired a 50 per cent interest in 8 Exhibition Street, Melbourne for $160 million. US$250 million raised from inaugural US Private Placement debt issue. Distribution declared of 5.1 cents per security, up 10.9 per cent Change to half yearly distributions announced On track to achieve guidance of EPS growth of at least 5 per cent in 2013 | Company report |
| HGO | Kanmantoo Copper Mine revenue of $115.4 million. Full year EBITDA of $17.1 million, second half EBITDA of $15.6 million. Full year Net Loss after tax of $11.8 million, second half Profit After Tax of $2.9 million. Significant on-site achievements to establish mining and processing capability for future periods. Turnaround in financial performance from first to second half of 2013 financial year, with significant positive hedge book in place | Company report |
| IFN | Group production was 1,249 GWh, down 7% on the pcp. United States production was 875 GWh, down 10% on the pcp. Australian production was 374 GWh, consistent with the pcp. Group revenue was A$74.9 million, consistent with the pcp. United States revenue was US$40.6 million, down 9% on the pcp. Australian revenue was A$35.7 million, up 10% on the pcp | Company report |
| KAR | Discovery at Kangaroo‐1 of 42 degree gravity API oil in the Santos Basin, Brazil. Zephyros‐1 exploration well in the Browse Basin, Australia encountered good quality gas bearing sands in the primary target Plover Formation. Pacific Rubiales Energy Corp. exercised its option to acquire a 35% interest in Santos Basin Block S‐M‐1166. In consideration for the interest, Pacific Rubiales will carry the initial US$70 million Bilby‐1 exploration well costs and 35% of all costs thereafter. Emu‐1 exploration well completed during March 2013 showing indications of hydrocarbons. The Proteus‐1 exploration well in the Browse Basin, Australia was spudded on 25 March 2013. Preparations for drilling in the Tumbes Basin, Peru continued with long lead items on order, new service contracts approved and tenders received for drilling rigs indicating availability from late calendar year 2013. | Company report |
| LNC | Linc Energy successfully raised US$200 million in Convertible Bond issue. Increase in Quarter over Quarter average daily oil production by 1,174 BOPD (gross). Umiat Winter Drilling Program advanced with 100 feet of net oil pay delineated in the Lower Grandstand Formation in the Umiat #18 well | Company report |
| MAD | Cash $50.9m after sales revenue of $5m. Maverick drilled 21 Blue Ridge and 2 Nash Dome wells in the quarter. Maverick successfully completed the first 12 well tranche of the Gulf South joint development program. Production for March was 1,062bopd. | Company report |
| MLD | Managing Director, Doug Grewar, said “Although we are disappointed that our long term engagement at Laverton is coming to an end, we are equally delighted that Sinosteel Midwest has made the decision to commence mining at the Blue Hills project, that operations have recommenced for Rosslyn Hill Mining and that Atlas have advised us of their intention to formalise a contract extension at Pardoo.” MACA operates with a prudent level of hired / subcontract services to minimise the impact of project changes. With long term contracts and a diversity of commodity and client exposure, MACA is well placed to maintain high levels of activity despite the current market volatility. The outlook remains strong and MACA retains the expectation that revenue will exceed $450 million for the 2013 financial year. New Blue Hills DSO project to commence Q3 CY2013 with MACA to provide mining and crushing services. Recommencement of MACA’s mining services at Paroo Station Mine. MACA notified of Atlas’s intention to formalise extension of Pardoo contract. Operations at Focus Minerals Laverton project cease | Company report |
| MNC | Independent Mining Scoping Study confirms the potential of the Company’s 100% owned Los Calatos copper project in southern Peru as a low-cost, long life, copper mine. Key results include: Long-life asset with 31-year Life of Mine (“LoM”). Project would comprise an open pit followed by underground block cave mining operation. Total material treated over LoM of 656 million tonnes at 0.45% Cu and 0.026% Mo (0.56% CuEq). Initial open pit operation with a 7-year life and a low strip ratio of 2.2:1. Average annual copper in concentrate production of 83.3kt (184m lbs). Lowest quartile LoM cash operating costs net of credits of U$1.09/lb. Pre-production capital expenditure of U$1.5bn including initial underground development. Cash position as at 31 March 2013 was approximately US$15.0 million. The Company is in a position to consider a range of strategic options in relation to the development of Los Calatos and the Chilean assets, whilst at the same time continuing to reduce costs. | Company report |
| MPO | MPO Produced an average of 811 boed comprised of 361 bbld of oil, 130 bbl/d of natural gas liquids and 1,921 thousand mcf/d of natural gas. Exited the quarter with $63 million of cash in the bank. | Company report |
| NEN | Identification of drilling rigs for offshore Vietnam Blocks 120 and 105 drilling programme 3D seismic results support prospective resources for Vietnam Block 105 Cua Lo gas prospect of up to 13.9 TCF 3D seismic data reveals additional leads in Vietnam Block 120 North San Ardo water injection well completed and operational Glau 2D seismic programme proceeding to schedule | Company report |
| NWH | The NRW and Eastern Guruma JV is pleased to announce that it has been awarded an approximate $180 million contract at Rio Tinto’s Nammuldi Below Water Table (NBWT) Project – Bulk Earthworks The Contract includes Bulk Earthworks for the processing plant, waste fine storage facility, mine service facilities, stockyard, explosives compound, heavy vehicle haul roads, light vehicle roads, and a rail link with a train loading facility | Company report |
| NXS | Production volumes for quarter lower than 3Q12, with 0.25 PJ of gas and 1.79 Kbbls of condensate produced at an average yield of 8.4 bbls per MMscf. 3Q13 result includes limited production following the suspension at Longtom on 14 January 2013 due to an electrical fault. Sales revenue of $1.35 million for 3Q13, minimal production costs reflecting production outage. Offshore intervention campaign completed safely during February 2013 that identified the electrical fault that caused gas production suspension in January 2013. Subsequent offshore campaign on offshore facilities to commence in mid-May, subject to weather conditions | Company report |
| ORE | Salar de Olaroz Lithium-Potash Project Construction is proceeding on time and within budget. A total of USD$87m has been spent or committed via executed contracts in the construction project to date. A large function involving dignitaries, government, company staff, ten local community representatives and members of the business community was held on Thursday 14 March at the Salar de Olaroz to celebrate the official opening of the Olaroz project construction. Approximately 500 people attended. Corporate. The Company announced on 21 January the appointment of Mr Neil Kaplan to the position of Chief Financial Officer and Mr David Hall to the position of Business Development Manager. Cash Position of A$12.3 million at the end of the quarter. | Company report |
| ORG | Production of 30 PJe in the March Quarter 2013 was 2% higher than the December Quarter 2012. This is primarily attributable to the completion of scheduled maintenance shutdowns in the December Quarter 2012 at the Otway and Kupe gas plants, partly offset by lower production from Australia Pacific LNG (APLNG) due to the impacts of flooding and the Cooper Basin due to wet weather and planned maintenance shutdowns. Sales revenue declined by 1% despite a 4% lift in sales volumes as the average LPG price fell from its December Quarter 2012 peak. A comprehensive schedule and cost review of APLNG was completed in February 2013, confirming an accelerated schedule, earlier revenues, and an increase in estimated project costs of 7% to $24.7 billion. | Company report |
| PEM | Perilya’s Cerro de Maimón mine produced1 2,573 t of copper, while gold and silver production outperformed this period with a total production of 4,193 oz of gold (+35%) and 97,930 oz of silver (+24%). This quarter’s copper production, after taking into account the effects of planned maintenance shutdowns of each of the oxide and sulphide circuits during the quarter, is in-line with annual guidance of 11,000-12,000 t copper, and ahead of annual guidance of 10,000-13,000 oz for gold and 300,000-330,000 oz for silver. Actual net C1 cash costs for the quarter was US$0.85/lb of payable copper in-line with full year guidance of US$0.80 – 1.00/lb of payable copper. Broken Hill operations were impacted by geotechnical issues during the quarter, which resulted in reduced acccess to planned high grade production areas and a greater reliance on established lower grade ore blocks to achieve production volumes. | Company report |
| PIR | An updated MRE which significantly increased total resources to 4.21 million ounces of gold, representing a 34% increase from the maiden MRE was completed. Measured and Indicated resource categories now account for 83% of the total resource. Grade of Measured and Indicated categories averages 2.46 g/t. Mineralisation remains open at depth and along strike and potential exists for further resource growth. Following the completion of the positive Scoping Study in October 2012, the Company immediately commenced a PFS on Fekola. The PFS was substantially progressed during the quarter and is on schedule for completion during the current quarter. Completed a placement of 39.5 million ordinary shares of the Company to institutional and sophisticated investors in Australia, Asia, Europe and North America to raise gross proceeds of $52.9 million. Proceeds will be used to fast track the various planned development and exploration initiatives at Fekola. The Company has a strong cash position of $61.8 million and no debt as at 31 March 2013. | Company report |
| RRL | Gold sales of 75,507 ounces at a delivered price of A$1,601 per ounce (Dec 12: 63,307 oz at A$1,612/oz). Cash flow from operations for the quarter was $68.8 million (Dec 12: $65.3m). Cash and gold bullion holding at 31 Mar 2013 was $72.5 million (Dec 12: $32.3m). Total gold production for the quarter of 74,588 ounces at a cash cost of production A$582 per ounce prior to royalties. Moolart Well Gold production of 26,158 ounces for the quarter (Dec 12 qtr: 26,145 oz). Cash cost of production A$562 per ounce prior to royalties (Dec 12 qtr: A$547/oz). Garden Well Gold production of 48,430 ounces for the quarter (Dec 12 qtr: 51,562 oz). Cash cost of production A$593 per ounce prior to royalties (Dec 12 qtr: A$496/oz). Annualised throughput rate for the March 2013 quarter was 4.7 million tonnes, 17.5% above the nameplate design capacity of 4mpta. | Company report |
| SDL | Scheme Implementation Agreement with Hanlong has been terminated; Sundance reinvigorates alternative strategic partner process; meetings with several international steel makers and infrastructure providers already taken place; Cameroon and Congo Governments express support for alternative partner strategy; Republic of Congo Presidential Decree confirms Nabeba Mining Permit for Congo Iron; Cash balance of $30 million | Company report |
| SDM | Sedgman issued an update on the claims against Discovery Copper Botswana previously announced to the market on 26 October 2012. The Supreme Court of Queensland this morning handed down its decision dismissing Sedgman’s application seeking interim payment of approximately $20 million from DCB. The amounts sought under the application are also the subject of separate dispute adjudication board (“DAB”) procedures under the EPC Contract for the Boseto project. The DAB decision is expected to be released to the parties shortly. Sedgman Chief Executive Officer and Managing Director Mr Nick Jukes said while it was disappointing the Court did not find in Sedgman’s favour the DAB decision was the key step in resolving the claims. | Company report |
| SEA | Implemented the acquisition scheme with Texon Petroleum effective 8 March 2013 giving Sundance a significant acreage position (approximately 7,336 net acres) including 7 gross (6.0 net) producing wells in the Eagle Ford, a leading U.S. resource play. As at 1 August 2012, the acquired properties had 11,252.4 mboe of 3P reserves, with a PV10 of $268.9 million. Announced a significant uplift in proved reserves as at 1 January 2013 compared to the previous reserve evaluation as at 1 July 2012 (excluding sold South Antelope properties). Proved reserves increased to 10,260 mboe and PV10 increased to $159.5 million (including Eagle Ford reserves as at 1 August 2012). Cash at 31 March 2013 totaled $101.6 million. Production for the quarter would have averaged approximately 1,900 boepd, had the merger occurred at the beginning of the quarter. Actual results include Eagle Ford production from 8 March 2013. Daily production for the quarter averaged 1,227 BOE, down 5 percent from the comparable quarter in the prior year. Adjusted for the effect of the South Antelope and Pawnee asset sales, production was up 519 BOEPD (73 percent) quarter over quarter. Revenue for the quarter was $8.7M. Quarter-over-quarter revenue, adjusted for the effect of asset sales, increased $4.3M (97 percent). Production from Sundance operated wells accounted for 64 percent of daily production for the quarter, up from 18 percent in the comparable quarter of last year. Oil sales averaged $93.82 per barrel and sales of liquids-rich gas averaged $4.73 per mcf. | Company report |
| TAH | Wagering group Tabcorp may lose its off-course tote betting exclusivity in New South Wales (NSW) after the state government revealed it is considering introducing competition to the market | AFR |
| TAP | Tap’s gross volumetrics of Tallaganda-1 indicate approximately 500 Bcf. Tap executes a US$50 million debt facility for the Manora Oil Development and a A$20 million corporate debt facility Appraisal drilling commences in the offshore Carnarvon Basin at Bianchi-1 in WA-49-R (gas) and Taunton-5/5H in TL/2 & TP/7 (oil) Drill rig services contract for the Starfish-1 well was awarded to Stena Drilling, Offshore Accra Contract Area, Ghana | Company report |
| TGZ | Production increased 63% to 68,301 ounces of gold. Total cash costs decreased 18% to $535 per ounce 100% hedge free as hedge book is eliminated. Cash and bullion receivable balance increased 28% to $57.4 million. Agreement with the Republic of Senegal secures basis to increase reserves and production in Senegal. Finalized $50 million Equipment Finance Facility Reduced discretionary spending | Company report |
| TOX | Tox Free Solutions announces that it has signed a binding asset acquisition agreement under which Toxfree will acquire the assets and business of Wanless Enviro Services Pty Ltd, Smart Skip Pty Ltd, and Jones Enviro Services Pty Ltd, and certain of the assets of Wanless Enviro Asset Management Pty Ltd, for $85.0 million.1 Together, the three businesses represent a leading waste management business operating throughout Queensland and Tasmania. The acquisition is payable 100% in cash and will be partly funded through a fully underwritten institutional placement for $43 million and drawing from a new committed debt facility with ANZ. Toxfree also intends to offer a Share Purchase Plan at the same time as the institutional placement | Company report |
| WHC | Federal Government approval received for Maules Creek Project and secondary approvals in the form of various management plans submitted to agencies for approval prior to commencement of construction. The majority of these plans have been approved, with the remainder awaiting final signoff by agencies. State and Federal Government approval received for Tarrawonga Mine Expansion. ROM open cut production up 3% from the previous corresponding period, up 11% year to date. Narrabri longwall improvements are resulting in record weekly production levels being achieved. Moisture reduction program is ongoing. Stage 1 of Operational Review including cost cutting initiatives implemented at Tarrawonga and Rocglen – production levels at both mines to be maintained. Stage 2 of Operational Review involving a continued focus on reducing operating costs at other mines. Large Vickery Complex now 100% owned with completion of acquisition of remaining interest in Vickery South Project. Weak coal markets and strong AUD$ continue to impact on overall performance. CEO and leadership team transition successfully implemented. FY2013 ROM production expected to be in line with current broker consensus of 9.0 Mt (100% basis). | Company report |
| WOW | Forecasts that Woolworths’ hardware joint-venture Masters will lose A$830 million over the next four years have caused analysts to downgrade earnings estimates for the retailer | The Australian |
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