| AIZ | AIZ will consider extending its trans-Tasman alliance with VAH | SMH |
| APZ | Aspen is pleased to advise that the settlement of the Castle Hill Homemaker Centre in New South Wales has occurred for $19.0 million. | Company report |
| AUT | Aurora to acquire 100% working interest in approximately 2,700 net acres near to or adjacent to the Sugarkane Field. Acquisition consideration US$117.5 million. Aurora secures US$125 million bridge debt facility, in addition to the recent increase in the borrowing base of its senior secured revolving credit facility to $275 million. Acquisition asset’s production rate 1,620 boe/d net of royalties, which adds an additional 12% to Aurora’s 2012 exit rate. Increases Aurora’s net acreage by 14% to over 21,800 net acres and significantly adds to the future net well inventory. Aurora estimates that the acquisition adds 6.7 mmboe of 1P reserves after royalties and 14.0 mmboe of 2P reserves after royalties, effective March 1, 2013 Acreage is located in the over-pressured, liquids-rich zone of Eagle Ford Shale trend, includes potential additional reserves in Austin Chalk and Pearsall formations. Aurora to operate acreage, allowing for discretion on capital allocation and the pace of development | Company report |
| BTR | As previously announced Blackthorn Resources and Glencore have been working closely on negotiating future funding alternatives for the Perkoa Project. The Company’s preferred funding solution to finance start-up cost over-runs and to provide short-term funding to cover revised capital and working capital requirements during the first production year 2013 is one that does not require external sources of finance or use of Blackthorn Resources’ existing funds. Significant progress has been achieved to date, and a further announcement will be made in the near term when a binding agreement has been reached between the parties | Company report |
| CWN | James Packer travelled to Sri Lanka this week to investigate the possibility of investing in “integrated tourism” in the country | Age |
| EWC | Sales revenue for the half year ended 31 December 2012 was US$66,337,000 representing a decrease of 14.8% when compared to the sales revenue for the half year ended 31 December 2011. However within the sales revenue for 31 December 2011 an amount of US$8.6 million was included as a consequence of the previously announced increase in the gas price from our Indonesian operations. Therefore the directly comparable figure for the period (excluding this exceptional amount) would have been US$69,236,000 or a difference of 4.2%. The impact of this on gross profit was an increase by US$3.6 million. The decrease in revenue also arose as a consequence of PLN taking less power from PTES in the reporting period due to Indonesia grid issues, that have now been resolved. Gross profit for the half year ended 31 December 2012 was US$34,854,000 representing a decrease of 12.7% against gross profit for the half year ended 31 December 2011. Consolidated net profit after income tax for the year ended 31 December 2012 was US$10,520,000, representing a decrease of 3.7% against consolidated net profit after income tax for the half year ended 31 December 2011. | Company report |
| HVN | Gerry Harvey has stated that strong January sales have continued into February. | AFR |
| IMF | The directors of IMF are pleased to announce the Federal Court entered judgment today in the councils’ claim against S&P and ABN Amro. The Court ordered LGFS, ABN AMRO and S&P to pay a total amount of about $20.2 million to the Applicants plus costs. This judgment is about $2.4 million greater than the estimated judgment amount used to calculate revenue from this investment in IMF’s results to 31 December 2012. Accordingly, an extra amount of about $0.9 million profit before tax will be included in the second half of FY2013. | Company report |
| IOF | Investa Office Fund (IOF) and Investa Commercial Property Fund (ICPF) have jointly acquired 567 Collins Street in Melbourne for approximately $462 million. | Company report |
| LYL | The Directors of Lycopodium are pleased to announce a strong first half for the 2012/2013 financial year, delivering $123.5 million of revenue and net profit after tax of $12.8 million. Consistent with our guidance update at the annual general meeting in November, the forecast revenue for 2012/2013 remains materially in line with the prior year at $232 million with an after tax profit of $22.4 million. Three major projects, comprising Tropicana, Akyem and Marandoo, remain on track for completion through the 2013 calendar year. The greenfield Bissa Project in Burkina Faso, our first project in this country, was completed and handed over to the Client prior to the New Year, ahead of schedule and under budget. A number of studies and projects have been secured through the year as replacement work, however to date these have been insufficient to maintain the record revenues which prevail in the current and prior financial years. | Company report |
| MTS | Metcash announced a major new supply agreement with Supabarn Supermarkets. The new arrangements commence on 1 March 2013 and involve an agreement with an initial term of seven years. The agreement includes supply to the 11 current Supabarn Supermarkets and SupaExpress Stores in the ACT and NSW and will extend to a further four new Supabarn stores scheduled to open progressively in the next 24 months as part of Supabarn’s aggressive growth plans. Supabarn presently generate annual sales in excess of $250 million and with its scheduled new store openings, anticipate exceeding $350 million annual turnover when the four additional new stores are open and trading. | Company report |
| NMG | Following the close of Noble’s Convertible Note Entitlement Offer, Resolute has subscribed for 706,568,933 Noble Convertible Notes at an issue price of A$0.12 each for a total amount of $84.8 million. Resolute currently owns 19.67% of Noble’s shares on issue in addition to the Convertible Notes now held. Noble is an emerging gold producer, focused on exploring and developing gold assets in the goldfields of Ghana, West Africa with its main asset being the Bibiani gold project. | Company report |
| PPT | Plans to launch an investment platform for financial planners by June in a bid to attract more advisors and clients | AFR |
| SIR | Sirius Resources advises that it has now drilled through the zone of mineralisation in hole SFRD0167 at the Bollinger discovery, east of Nova. Hole SFRD0167 intersected 138 metres of mineralisation between 327 metres and 465.3 metres depth | Company report |
| SKR | SKILLED Group announced that it has acquired an additional 16.7% share in the Offshore Marine Services Alliance joint venture for A$17.5 million, via its wholly owned subsidiary Offshore Marine Services. | Company report |
| SLR | Gold sold increased by 27% to 52,410 ounces. Revenue increased by 27% to $85.6 million. EBIT of $25.6 million. EBIT/Revenue margin of 30% in line with previous periods. Strong balance sheet with cash on hand of $20.7 million. Multi-mill/multi-mine strategy achieved: Completion of the acquisition of Integra Mining Limited (“Integra”) Murchison project commenced commissioning | Company report |
| SYD | Debate about the prospect of a second Sydney Airport to be deferred until after the September election as both parties wanting to avoid the risk of alienating voters in Western Sydney | AFR |
| TAP | Cash flow from operations of $15.7 million. EBITDAX of $4.9 million and net loss after tax of $3.5 million. Final Investment Decision (FID) reached at Manora and development progressing to plan. Approximately 500 Bcf gas discovery at Tallaganda-1 in WA-351-P. Farm down of Ghana in readiness for major deepwater oil well in 2013. Sale of interests in WA-191-P for $21.7 million and Harriet Joint Venture (HJV) for US$10 million, including the transfer of all legal issues surrounding the HJV. WA-320-P and WA-155-P (Part II) equity swap. New Venture – SPA 5 AO and SPA 6 AO – Onshore Carnarvon Basin, Western Australia. Cash reserves of $96.4 million with no debt. | Company report |
| WPL | WA Premier lobbying Browse investors to back an onshore site at James Price Point | AFR |
| WRT | The Lowy Family Group sold its 7.1% interest in Westfield Retail Trust for $663.7 million representing a price of $3.09 per security. A spokesman for LFG said the sale was made as part of a broader investment strategy to diversify its investments internationally. | Company report |
Filed under: Company News
