New Zealand Oil & Gas Limited (NZO) 2016年年度报告「ASX」.pdf

1、NEW ZEALAND OIL&GAS LIMITEDAnnual Report 201611NewZealand Oil&Gas Limited Annual Report 2 Chairmans Review4 Production and Reserves14 Consolidated Financial Statements15 Consolidated Statement of Cash Flows 17 Consolidated Statement of Comprehensive Income 18 Consolidated Statement of Financial Posi

2、tion 19 Consolidated Statement of Changes in Equity 21 Notes to the Consolidated Financial Statements 40 Independent Auditor Report41 Corporate Governance Statement50 Shareholder Information56 Corporate DirectorySigned on behalf of the Board of NewZealand Oil&Gas Limited on 7 September 2016 Rodger J

3、 Finlay ChairmanMark Tume Director2 New Zealand Oil&Gas Annual Report 2016NEW ZEALAND OIL&GASChairmans ReviewIts my pleasure to report on a year that has seen the company make considerable progress as it moved through a sharp downturn in oil prices and enters the next market cycle with costs reduced

4、,significantly positive cashflows and a portfolio that is shaped to the opportunities ahead.I am delighted that ongoing cashflows have enabled the Board to resume paying a dividend.The fully imputed dividend of 4 cents per share complements other capital management initiatives.Our tender in Septembe

5、r was created to bring liquidity to our program of buying back our shares.In 2015 a vote to authorise us to buy back up to 64 million shares was supported by more than 73 per cent of shareholders who voted.Distributions to shareholders have been possible because we have focused this year on minimisi

6、ng cash burn.Corporate costs have been reduced by around a third.Staff numbers have also been reduced to reflect the companys focus and the Board itself has led by example.The Board reduced from seven members to five and,additionally,Directors fees were reduced.Another example of our focus on cost-e