Kibo Energy PLC (KIBO) 2011年年度报告「LSE」.pdf

1、highlights 2011COMPLETION OF MAJOR CORPORATE TRANSACTION WITH MZURI GOLD LIMITEDSIGNIFICANT EXPANSION OF LICENCE AREA IN TANZANIA TO 18,000 KM2DUAL LISTING ON THE ALTX BOARD OF THE JSE AND 1.1 MILLION RAISEDNEW DIRECTOR APPOINTMENTS STRENGTHEN BOARD5.3 MILLION FIELD EXPLORATION PROGRAMME UNDERWAYCON

2、TENTSChairmans Report4Review of Activities6Report of Directors16Independent Auditors Report19Summary of Significant Accounting Policies21Consolidated Statement ofComprehensive Income25Consolidated Statement of Financial Position26Company Statement of Financial Position27Consolidated Statement of Cas

3、h Flows28Company Statement of Cash Flows29Consolidated Statement of Changes in Equity30Company Statement of Changes in Equity30Notes to the Financial Statements31Notice of Annual General Meeting45Form of Proxy47Officers and Professional Advisers4912ExplorationProjects3ChairmansReport2011 was a diffi

4、cult year globally,with turbulentfinancial markets and confusion in sovereign statesparticularly within Europe.Against this backdrop I ampleased to report on the excellent progress Kibo hasmade during the year in broadening its gold and basemetal exploration portfolio in Tanzania throughacquisition,

5、successfully financing the Company,designing and implementing a major explorationprogramme,diversing its access to market finance,reorganising its management team and rationalisingits development programme to focus on criticaleconomic value without excessive operational risk.The earlier part of the

6、year was dedicated to theupgrading of the Companys ground holding andaccessingfinance.CurrentlytheCompanyisembarked on an extensive exploration programmewith three field exploration teams operating on all ofthe Companys projects in Tanzania.During 2011 Kibo added an additional 11,622 squarekilometre