 SIMEC Atlantis Energy Limited SAE confirms amendment to Debenture Deed
10/06/2022 3:12pm
UK Regulatory (RNS & others)
Simec Atlantis Energy (LSE:SAE)
Intraday Stock Chart
Friday 10 June 2022
Click Here for more Simec Atlantis Energy Charts.
TIDMSAE
RNS Number : 5248O
SIMEC Atlantis Energy Limited
10 June 2022
RNS
10 June 2022
SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the "Group")
SAE confirms amendment to Debenture Deed
Following the update on the 25 May 2022, SAE is pleased to confirm that Atlantis Ocean Energy debenture holders have approved the amendment to the debenture deed which will:
-- Extend the Maturity Date from 30 June 2022 to 30 June 2023
-- Allow the interest due on 30 June 2022 to be paid late but no later than 30 September 2022
-- Apply additional interest due to the amount that is being paid late at a rate equivalent to Barclays PLC published base rate +3% per year.
In the same update, the Company noted that it would also be requesting a deferral of interest due on 30 June 2022 in relation to Atlantis Future Energy debentures which mature on 23 March 2023 (GBP4.97m) and 30 September 2024 (GBP3.79m) |
 i had a quick look at the
numbers, i think the market
has got it completely wrong,
i have no idea why the output
dropped by 25% from 2016
to 2018,
net operating cash flow numbers
look very promising and appealing
time will tell!,
but what i found it so
astonishing is that almost all
the directors draw > $400k in
salaries per annum and none holds
any significant shares except
some proxy little tiny numbers
In millions of US$ (unless mentioned otherwise) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Production (boepd) 13,158 36,940 46,178 44,400 40,391 40,351 39,199 31,254 28,540 22,337
Revenue
300.8 737.1 895.0 781.9 448.9 348.0 405.5 389.9 322.1 175.9
EBITDA(1)
187.9 456.5 551.5 494.7 229.4 194.3 232 231.3 199.5 80.4
EBITDA margin
54.8% 61.9% 61.6% 63.3% 51.0% 56.0% 57.2% 59.3 61.9% 45.7%
Net cash flows from operating activities
132.2 291.8 358.6 349.1 153.3 206.5 182.6 214.0 196.8 82.7
Net cash used in investing activities (2)
(103.7) (269.7) (239.0) (304.5) (245.3) (204.8) (192.2) (172.0) (120.4) (40.1)
Cash & cash equivalents (3)
128.5 251.4 244.1 400.4 165.6 101.1 127 121.8 93.9 78.6
Total debt
447.5 622.9 628.4 945.1 951.5 959.0 1,087.9 1,129.6 1,136.1 1,186.3
Net debt (4)
319.1 371.5 384.3 544.7 785.9 857.9 960.9 1,007.8 1,042.2 1,107.7
Non-current assets
1,126.9 1,251.6 1,426.0 1,698.6 1,854.1 1,919.1 2,043.40 1,992.4 673.1 371.8
Total assets
1,306.2 1,602.7 1,760.8 2,208.2 2,188.4 2,106.5 2,265.10 2,199.5 846.3 505.4 |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
