1、New Zealand Oil&Gas Limited Annual Report 20081 New Zealand Oil&Gas LimitedAnnual Report2008New Zealand Oil&Gas Limited Annual Report 20082New Zealand Oil&Gas Limited Annual Report 20081Contents 2 Chairman and CEO Review 4 Reserves and Resources Statement 5 Statement of Financial Performance 6 State
2、ment of Financial Position 7 Statement of Changes in Equity 8 Cashflow Statement 9 Notes to the Financial Statements 40 Directors Declaration 41 Audit Report 42 Corporate Governance 46 Shareholder Information 49 Corporate DirectoryNew Zealand Oil&Gas Limited Annual Report 20082The 2008 financial yea
3、r was a year of many successes for New Zealand Oil&Gas Ltd.The portfolio of significant production,development,exploration and investment assets has begun to pay dividends,quite literally.As well as paying out the first dividends for 10 years,NZOG has a very healthy cash balance and is well position
4、ed to pursue new investment opportunities.PerformanceFor the 2008 financial year,NZOG had total revenue from ordinary activities of$234.1 million.Earnings before interest,tax,depreciation,amortisation and royalties were$187.7 million.NZOG made a net profit after tax of$97.2 million.This outstanding
5、result was built on a combination of high oil prices and higher than expected production from Tui.NZOGs total revenue from Tui was$222.8m.There was also a gain of$10.8m recognised from the successful float of Pike River Coal Ltd and some other revenue of a minor nature.NZOG received a major boost to
6、 cash reserves through the exercise of options which had been issued to shareholders in December 2005.These options were convertible to ordinary shares for$1.50 each by 30 June 2008.92%of the share options on issue were exercised,raising$190.8 million.This was the largest capital raising on the NZX