Antrim Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2014

 Published On: Aug, 2014 |    No of Pages: 72 |  Published By: GlobalData | Format: PDF
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Summary

Antrim Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational data, analysis and strategic insight into company. The report provides latest annual and quarterly overview of production, reserves, share price performance, reserve changes, capital expenditures, acreage, performance metrics and results of oil & gas operations.

Antrim Energy Inc. (Antrim Energy) is an oil and gas exploration and production company. It focuses on the activities such as acquisition, exploration, development and production of oil and natural gas properties. The company carries out its operations in the UK North Sea, Tanzania and Ireland. In UK, the company holds operating interests in Fyne (P077 Block 21/28a) with an ownership interest of 100% and Erne (P1875 Block 21/29d) with an interest of 50%. . In Ireland, the company covers an area of approximately 1,006 square km located in Porcupine Basin approximately 110 km off southwest coast of Ireland. Antrim Energy is headquartered in Calgary, Alberta, Canada

Scope

The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes -
- The report provides detailed and unique insights information on the key operational parameters. The report provides a comprehensive overview of production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.
- Provides analysis of the share price performance of the company and the key valuation multiples. The report provides a comprehensive overview of share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides annual and quarterly information on key operational and financial parameters. Annual information is for the current and the last four years while the quarterly information is for the current and the last four quarters
- The report provides detailed crude oil and natural gas reserves and production information of the company by country as disclosed in their annual report and regulatory filings.
- Contains in-depth and latest information on exploration, development, finding & development, acquisition expenditure, gross and net developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in their annual report and regulatory filings.

Note: Scope of the report mentioned above is generic and may not be applicable to all the companies. The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.

Quarterly information is covered only for those companies which are December ending and files quarter report. There might be cases where countries/regions data column/Charts will be blank for last five years. This is due to companies might have discontinued reporting of that countries/regions during the last five year time period.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Provides up-to-date information and in-depth analysis on operational parameters of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational parameters of your competitors.
- Rank your performance against other E&P companies using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational parameters.
- Establish relative performance among the industry’s players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 4
Company Snapshot 6
Key Information 6
Company Overview 6
Antrim Energy Inc., Valuation and Financial Data 7
Antrim Energy Inc., Share Price Performance 7
Share Price Performance, Q1, 2013-Q1, 2014 7
Antrim Energy Inc., Key Valuation Metrics 8
Key Valuation Metrics, Q1, 2013-Q1, 2014 8
Antrim Energy Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 9
Results of Oil & Gas Operations Per boe Produced, Q1, 2013-Q1, 2014 9
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2013-Q1, 2014 10
Antrim Energy Inc., Quarterly E&P Costs Trends 11
Upstream Capital Expenditure, Q1, 2013-Q1, 2014 11
Antrim Energy Inc., Quarterly Production Trends 12
Antrim Energy Inc., Total Oil and Gas Production 12
Total Crude Oil and Natural Gas Production Trend, Q1, 2013-Q1, 2014 12
Antrim Energy Inc., Crude Oil Production 13
Total Crude Oil Production Trend, Q1, 2013-Q1, 2014 13
Crude Oil Production, By Country/Region, Q1, 2013-Q1, 2014 14
Antrim Energy Inc., Valuation and Financial Data, 2009-2013 15
Antrim Energy Inc., Share Price Performance, 2009-2013 15
Share Price Performance, 2009-2013 15
Key Valuation Metrics, 2009-2013 16
Antrim Energy Inc., Production and Reserves Trends 17
Total Oil and Gas, Reserves and Production 17
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 17
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 19
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 21
Crude Oil/Liquids Production and Reserve 22
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 22
Crude Oil Production and Reserves By Country/Region, 2009-2013 23
Crude Oil/Liquids Reserve Changes, 2009-2013 25
Total Crude Oil and Natural Gas Reserves Life Index 26
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 26
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 27
Antrim Energy Inc., E&P Costs Trends 29
Allocation of the Upstream Capital Expenditure 29
Upstream Capital Expenditure, 2009-2013 29
Exploration and Development Costs, By Country/Region, 2009-2013 30
Oil and Gas Cost Per boe, US$/boe 31
Oil and Gas Cost Per boe, US$/boe, 2009-2013 31
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 33
Antrim Energy Inc., Reserve Replacement Ratio 35
Oil and Gas Production Replacement Ratio 35
Oil and Gas Production Replacement Ratio, 2009-2013 35
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 37
Antrim Energy Inc., Results of Oil & Gas Operations Trend 41
Oil and Gas Revenue and Expenses 41
Oil and Gas Revenue and Expenses, 2009-2013 41
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 42
Oil and Gas Revenue and Expenses, Per boe 43
Oil and Gas Revenue and Expenses, By boe, 2009-2013 43
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 44
Oil and Gas Performance Metrics 45
Antrim Energy Inc., Land Holdings and Well Data 46
Developed and Undeveloped Acreage 46
Gross and Net Developed and Undeveloped Acreage, 2009-2013 46
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 47
Well Statistics 49
Producible Oil and Gas Well, 2009-2013 49
Producible Oil and Gas Well, By Country/Region, 2009-2013 50
Recent Developments 54
Antrim Energy Inc. - Recent Developments 54
Jul 29, 2014: Antrim Energy Inc. Announces Prospective Resources in FEL 1/13 Republic of Ireland 54
May 14, 2014: Antrim Energy Interim Financial Report - First Quarter 2014 54
May 14, 2014: Antrim Energy Announces Conditional Approval to List on the TSX Venture Exchange 62
Mar 28, 2014: Antrim Energy Annual Report 2013 62
Feb 25, 2014: Antrim Updates Fyne Field Development 64
Nov 14, 2013: Antrim Energy Announces 2013 Third Quarter Financial and Operational Results 64
Oct 25, 2013: Causeway and Cormorant East Fields Resume Production 67
Sep 10, 2013: Antrim Energy: Causeway and Cormorant East Update and Appointment of RFC Ambrian Limited as Nominated Adviser and Broker 67
Aug 14, 2013: Antrim Energy Announces 2013 Second Quarter Financial and Operational Results 67
Jul 15, 2013: Antrim Energy: Irish Licensing Option Upgraded to Frontier Exploration Licence, Seismic Programme Commences 69
Appendix 70
Methodology 70
Coverage 70
Secondary Research 70
Primary Research 70
Data Information Sources 71
Company Source 71
SEC/Other Regulatory Filings 71
Other Sources 71
Expert Panel Validation 71
Data Definition 71
Oil and Gas Reserves 71
Units of Measure 72
About GlobalData 72
Disclosure 72
Disclaimer 72

List of Tables
Table 1: Antrim Energy Inc., Key Facts 6
Table 2: Antrim Energy Inc., Share Price Performance, Q1, 2013-Q1, 2014 7
Table 3: Antrim Energy Inc., Key Valuation Metrics, Q1, 2013-Q1, 2014 8
Table 4: Antrim Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2013-Q1, 2014 9
Table 5: Antrim Energy Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2013-Q1, 2014 10
Table 6: Antrim Energy Inc., Upstream Capital Expenditure, Q1, 2013-Q1, 2014 11
Table 7: Antrim Energy Inc., Total Crude Oil and Natural Gas, Production, Q1, 2013-Q1, 2014 12
Table 8: Antrim Energy Inc., Total Crude Oil Production, mmbbl, Q1, 2013-Q1, 2014 13
Table 9: Antrim Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2013-Q1, 2014 14
Table 10: Antrim Energy Inc., Share Price Performance, 2009-2013 15
Table 11: Antrim Energy Inc., Key Valuation Metrics, 2009-2013 16
Table 12: Antrim Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 18
Table 13: Antrim Energy Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 20
Table 14: Antrim Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 21
Table 15: Antrim Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 22
Table 16: Antrim Energy Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 24
Table 17: Antrim Energy Inc., Crude Oil Reserve Changes, mmbbl, 2009-2013 25
Table 18: Antrim Energy Inc., Oil and Gas Reserves Life Index, Years, 2009-2013 26
Table 19: Antrim Energy Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 28
Table 20: Antrim Energy Inc., Upstream Capital Expenditure, US$ mil, 2009-2013 29
Table 21: Antrim Energy Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 30
Table 22: Antrim Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 32
Table 23: Antrim Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 34
Table 24: Antrim Energy Inc., Oil and Gas Production Replacement Ratio, %, 2009-2013 35
Table 25: Antrim Energy Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 40
Table 26: Antrim Energy Inc., Revenue and Expenses, US$ mil, 2009-2013 41
Table 27: Antrim Energy Inc., Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 42
Table 28: Antrim Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 43
Table 29: Antrim Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 44
Table 30: Antrim Energy Inc., Oil and Gas Performance Metrics, 2009-2013 45
Table 31: Antrim Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 46
Table 32: Antrim Energy Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 48
Table 33: Antrim Energy Inc., Producible Oil and Gas Wells, 2009-2013 49
Table 34: Antrim Energy Inc., Producible Oil and Gas Wells, By Country/Region, 2009-2013 53

List of Figures
Figure 1: Antrim Energy Inc., Share Price Performance, CAD/Share, Q1, 2013-Q1, 2014 7
Figure 2: Antrim Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2013-Q1, 2014 8
Figure 3: Antrim Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2013-Q1, 2014 9
Figure 4: Antrim Energy Inc., Upstream Capital Expenditure, US$ mil, Q1, 2013-Q1, 2014 11
Figure 5: Antrim Energy Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2013-Q1, 2014 12
Figure 6: Antrim Energy Inc., Total Crude Oil Production, mmbbl, Q1, 2013-Q1, 2014 13
Figure 7: Antrim Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2013-Q1, 2014 14
Figure 8: Antrim Energy Inc., Share Price Performance, CAD/Share, 2009-2013 15
Figure 9: Antrim Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 16
Figure 10: Antrim Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 17
Figure 11: Antrim Energy Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 19
Figure 12: Antrim Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 19
Figure 13: Antrim Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 21
Figure 14: Antrim Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 22
Figure 15: Antrim Energy Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 23
Figure 16: Antrim Energy Inc., Oil Production, By Country/Region, mmbbl, 2009-2013 23
Figure 17: Antrim Energy Inc., Crude Oil Reserve Changes, mmbbl, 2013 25
Figure 18: Antrim Energy Inc., Oil and Gas Reserves Life Index, Years, 2009-2013 26
Figure 19: Antrim Energy Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 27
Figure 20: Antrim Energy Inc., Oil Reserve Life Index, By Country/Region, Years, 2009-2013 28
Figure 21: Antrim Energy Inc., Upstream Capital Expenditure, US$ mil, 2009-2013 29
Figure 22: Antrim Energy Inc., Development Costs, By Country/Region, US$ mil, 2009-2013 30
Figure 23: Antrim Energy Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 31
Figure 24: Antrim Energy Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 33
Figure 25: Antrim Energy Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 33
Figure 26: Antrim Energy Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 34
Figure 27: Antrim Energy Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 35
Figure 28: Antrim Energy Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 37
Figure 29: Antrim Energy Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 37
Figure 30: Antrim Energy Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 38
Figure 31: Antrim Energy Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 38
Figure 32: Antrim Energy Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 39
Figure 33: Antrim Energy Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 39
Figure 34: Antrim Energy Inc., Revenue and Expenses, US$ mil, 2009-2013 41
Figure 35: Antrim Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 43
Figure 36: Antrim Energy Inc., Oil and Gas Performance Metrics, 2009-2013 45
Figure 37: Antrim Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 46
Figure 38: Antrim Energy Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 47
Figure 39: Antrim Energy Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 47
Figure 40: Antrim Energy Inc., Producible Oil and Gas Wells, 2009-2013 49
Figure 41: Antrim Energy Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 50
Figure 42: Antrim Energy Inc., Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 51
Figure 43: Antrim Energy Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 51
Figure 44: Antrim Energy Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 52
Figure 45: Antrim Energy Inc., Net Productive Oil Wells, By Country/Region, Number, 2009-2013 53


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