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Total Gabon SA (EGAB.PA)

EGAB.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Total Gabon Q1 net result turns to profit of $11 million
Friday, 12 May 2017 12:05pm EDT 

May 12 (Reuters) - TOTAL GABON SA ::Q1 AVERAGE TOTAL GABON CRUDE PRICE PER BARREL $48.7 VERSUS $28.4 YEAR AGO.Q1 CRUDE OIL PRODUCTION FROM FIELDS OPERATED BY TOTAL GABON 53.7 KB/D VERSUS 55.6 KB/D YEAR AGO.Q1 CRUDE OIL PRODUCTION FROM TOTAL GABON INTERESTS 46.0 KB/D VERSUS 47.0 KB/D YEAR AGO.Q1 SALES VOLUMES 3.79 MILLION BARRELS VERSUS 4.91 MILLION BARRELS YEAR AGO.Q1 REVENUE $ 201 MILLION VERSUS $161 MILLION YEAR AGO.Q1 NET PROFIT $11 MILLION VERSUS LOSS OF $16 MILLION YEAR AGO.  Full Article

Total Gabon exercises its pre-emption rights on Baudroie-Merou license
Monday, 24 Apr 2017 12:32pm EDT 

April 24 (Reuters) - Total Gabon SA ::Exercised its pre-emption right to acquire 50 pct interest in Baudroie-Merou license held by Mitsubishi Petroleum Development Company (MPDC).Owns remaining 50 pct interest and at completion of transaction will become 100 pct owner and operator of license.Transaction represents a value of $40 million and is subject to approval by authorities.  Full Article

Total Gabon FY net result turns to profit of 6 million dollars
Tuesday, 4 Apr 2017 12:22pm EDT 

Total Gabon SA :FY net income $6 million versus loss of $28 million year ago.  Full Article

Total Gabon sells interests and transfers operatorship in several mature fields
Monday, 27 Feb 2017 02:59am EST 

Total Gabon SA : Refocuses on its principal offshore assets by selling interests and transferring operatorship in several mature fields . Signed an agreement with Perenco for the sale of interests in five mature fields and the Rabi-Coucal-Cap Lopez pipeline network . Agreement also includes transfer of operatorship on certain other fields . Transaction represents a value of $177 million before adjustments, and is subject to approval by authorities . Will divest all of its interests in onshore Coucal, Avocette and Atora Fields and Rabi-Coucal-Cap Lopez pipeline network, and partial interest in offshore Hylia field .Will sell all of its interest in onshore non-operated Igongo field.  Full Article

Bourbon Corporation awarded first pipelay EPCI contract by Total Gabon
Tuesday, 14 Feb 2017 01:11am EST 

Bourbon Corporation SA :Bourbon awarded first pipelay EPCI contract by Total Gabon for the subsea development of the Hylia Project.  Full Article

Total Gabon H1 revenue at $355 million, down 24% from year ago
Tuesday, 30 Aug 2016 01:09pm EDT 

Total Gabon : First-Half 2016 revenue was $355 million, down $111 million (24%) from $466 million in first half of 2015 . Q2 net income $4 million, a $20 million improvement over the $16 million loss reported for q1 . Selling price of Mandji and Rabi Light crude oil grades marketed by Total Gabon averaged $34.2 per barrel over period, down 36% from $53.2 per barrel in first half of 2015 .Brent averaged $39.8 per barrel in the first half of 2016, down 31% from $57.8 per barrel in the prior-year period.  Full Article

Total Gabon Q1 net loss narrows to $16 million
Thursday, 12 May 2016 03:26am EDT 

Total Gabon SA : Reported on Wednesday Q1 net loss of $16 million compared to loss of $27 million a year ago . Q1 revenue is $161 million vs $225 million year ago . Q1 crude oil production related to Total Gabon interests 47,000 bpd vs 43,700 bpd year ago . Q1 crude oil production in Total Gabon operated fields 55,600 bpd vs 53,200 bpd year ago .Average price of Total Gabon crude oil $28.4 per barrel vs $50.0 year ago.  Full Article

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