Bankers Petroleum Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014

 Published On: Jan, 2015 |    No of Pages: 79 |  Published By: GlobalData | Format: PDF
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Summary

Bankers Petroleum Ltd. (Bankers Petroleum) is a Calgary-based oil and gas exploration and production company. The company engages in the acquisition, exploration, development and production of heavy oil. Bankers Petroleum principally operates in Albania, with its properties located northwest of Greece in South Eastern Europe. In Albania, it operates Patos-Marinza heavy oil field and Kucova oil field. Bankers Petroleum carries out its operation through its wholly owned subsidiaries, Bankers Petroleum Albania Ltd., Sherwood International Petroleum Ltd. and Bankers Petroleum International Limited. Bankers Petroleum also holds exploration license on a 185,000 acre block named "Block F", which is both contiguous to the Patos-Marinza field and is also prospective for natural gas. It is headquartered in Calgary, Canad

Bankers Petroleum Ltd. 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.

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 5
Company Snapshot 7
Key Information 7
Company Overview 7
Bankers Petroleum Ltd., Valuation and Financial Data 8
Bankers Petroleum Ltd., Share Price Performance 8
Share Price Performance, Q3, 2013-Q3, 2014 8
Bankers Petroleum Ltd., Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Bankers Petroleum Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q3, 2013-Q3, 2014 10
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2013-Q3, 2014 11
Bankers Petroleum Ltd., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Bankers Petroleum Ltd., Quarterly Production Trends 13
Bankers Petroleum Ltd., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 14
Bankers Petroleum Ltd., Crude Oil Production 15
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 15
Crude Oil Production, By Country/Region, Q3, 2013-Q3, 2014 16
Bankers Petroleum Ltd., Valuation and Financial Data, 2009-2013 17
Bankers Petroleum Ltd., Share Price Performance, 2009-2013 17
Share Price Performance, 2009-2013 17
Key Valuation Metrics, 2009-2013 18
Bankers Petroleum Ltd., Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 20
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 23
Crude Oil Production and Reserves By Country/Region, 2009-2013 24
Crude Oil/Liquids Reserve Changes, 2009-2013 26
Total Crude Oil and Natural Gas Reserves Life Index 27
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 27
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 28
Bankers Petroleum Ltd., E&P Costs Trends 30
Allocation of the Upstream Capital Expenditure 30
Upstream Capital Expenditure, 2009-2013 30
Acquisition Costs By Country/Region, 2009-2013 31
Exploration and Development Costs, By Country/Region, 2009-2013 32
Oil and Gas Cost Per boe, US$/boe 33
Oil and Gas Cost Per boe, US$/boe, 2009-2013 33
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 35
Bankers Petroleum Ltd., Reserve Replacement Ratio 37
Oil and Gas Production Replacement Ratio 37
Oil and Gas Production Replacement Ratio, 2009-2013 37
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 39
Bankers Petroleum Ltd., Results of Oil & Gas Operations Trend 42
Oil and Gas Revenue and Expenses 42
Oil and Gas Revenue and Expenses, 2009-2013 42
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 43
Oil and Gas Revenue and Expenses, Per boe 48
Oil and Gas Revenue and Expenses, By boe, 2009-2013 48
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 49
Oil and Gas Performance Metrics 53
Well Statistics 54
Producible Oil and Gas Well, 2009-2013 54
Producible Oil and Gas Well, By Country/Region, 2009-2013 55
Exploration and Development Wells Drilled, 2009-2013 57
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 58
Recent Developments 59
Bankers Petroleum Ltd. - Recent Developments 59
Jan 06, 2015: Bankers Petroleum Operational Update For The Fourth Quarter 2014 59
Dec 12, 2014: Bankers Petroleum Announces 2015 Capital Budget And Work Program 60
Nov 07, 2014: Bankers Petroleum Announces 2014 Third Quarter Financial And Operational Results 62
Oct 06, 2014: Bankers Petroleum Operational Update for the Third Quarter 2014 64
Aug 13, 2014: BANKERS PETROLEUM - 2014 Second Quarter Results 66
Jul 07, 2014: Bankers Petroleum: Operational Update For Second Quarter 68
May 12, 2014: Bankers Petroleum Announces 2014 First Quarter Financial and Operational Results 69
May 01, 2014: Bankers Petroleum Announces First Quarter 2014 Financial Results Date and 2014 Annual and Special Meeting Date 70
Apr 08, 2014: Bankers Petroleum Operational Update for the First Quarter 2014 73
Mar 13, 2014: Bankers Petroleum Announces 2013 Financial Results 74
Appendix 77
Methodology 77
Coverage 77
Secondary Research 77
Primary Research 77
Data Information Sources 78
Company Source 78
SEC/Other Regulatory Filings 78
Other Sources 78
Expert Panel Validation 78
Data Definition 78
Oil and Gas Reserves 78
Units of Measure 79
About GlobalData 79
Disclosure 79
Disclaimer 79

List of Tables
Table 1: Bankers Petroleum Ltd., Key Facts 7
Table 2: Bankers Petroleum Ltd., Share Price Performance, Q3, 2013-Q3, 2014 8
Table 3: Bankers Petroleum Ltd., Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Table 4: Bankers Petroleum Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Table 5: Bankers Petroleum Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 11
Table 6: Bankers Petroleum Ltd., Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Table 7: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 13
Table 8: Bankers Petroleum Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Table 9: Bankers Petroleum Ltd., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Table 10: Bankers Petroleum Ltd., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Table 11: Bankers Petroleum Ltd., Share Price Performance, 2009-2013 17
Table 12: Bankers Petroleum Ltd., Key Valuation Metrics, 2009-2013 18
Table 13: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 19
Table 14: Bankers Petroleum Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 21
Table 15: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 22
Table 16: Bankers Petroleum Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 23
Table 17: Bankers Petroleum Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 25
Table 18: Bankers Petroleum Ltd., Crude Oil Reserve Changes, mmbbl, 2009-2013 26
Table 19: Bankers Petroleum Ltd., Oil and Gas Reserves Life Index, Years, 2009-2013 27
Table 20: Bankers Petroleum Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 29
Table 21: Bankers Petroleum Ltd., Upstream Capital Expenditure, US$ mil, 2009-2013 30
Table 22: Bankers Petroleum Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 31
Table 23: Bankers Petroleum Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 32
Table 24: Bankers Petroleum Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 34
Table 25: Bankers Petroleum Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 36
Table 26: Bankers Petroleum Ltd., Oil and Gas Production Replacement Ratio, %, 2009-2013 37
Table 27: Bankers Petroleum Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 41
Table 28: Bankers Petroleum Ltd., Revenue and Expenses, US$ mil, 2009-2013 42
Table 29: Bankers Petroleum Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 47
Table 30: Bankers Petroleum Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 48
Table 31: Bankers Petroleum Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 52
Table 32: Bankers Petroleum Ltd., Oil and Gas Performance Metrics, 2009-2013 53
Table 33: Bankers Petroleum Ltd., Producible Oil and Gas Wells, 2009-2013 54
Table 34: Bankers Petroleum Ltd., Producible Oil and Gas Wells, By Country/Region, 2009-2013 56
Table 35: Bankers Petroleum Ltd., Exploratory and Developed Wells, 2009-2013 57
Table 36: Bankers Petroleum Ltd., Exploratory and Developed Wells, By Country/Region, 2009-2013 58

List of Figures
Figure 1: Bankers Petroleum Ltd., Share Price Performance, CAD/Share, Q3, 2013-Q3, 2014 8
Figure 2: Bankers Petroleum Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 9
Figure 3: Bankers Petroleum Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Figure 4: Bankers Petroleum Ltd., Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 12
Figure 5: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 13
Figure 6: Bankers Petroleum Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Figure 7: Bankers Petroleum Ltd., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Figure 8: Bankers Petroleum Ltd., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Figure 9: Bankers Petroleum Ltd., Share Price Performance, CAD/Share, 2009-2013 17
Figure 10: Bankers Petroleum Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 18
Figure 11: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 19
Figure 12: Bankers Petroleum Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 20
Figure 13: Bankers Petroleum Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 20
Figure 14: Bankers Petroleum Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 22
Figure 15: Bankers Petroleum Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 23
Figure 16: Bankers Petroleum Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 24
Figure 17: Bankers Petroleum Ltd., Oil Production, By Country/Region, mmbbl, 2009-2013 24
Figure 18: Bankers Petroleum Ltd., Crude Oil Reserve Changes, mmbbl, 2013 26
Figure 19: Bankers Petroleum Ltd., Oil and Gas Reserves Life Index, Years, 2009-2013 27
Figure 20: Bankers Petroleum Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 28
Figure 21: Bankers Petroleum Ltd., Oil Reserve Life Index, By Country/Region, Years, 2009-2013 28
Figure 22: Bankers Petroleum Ltd., Proved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 31
Figure 23: Bankers Petroleum Ltd., Development Costs, By Country/Region, US$ mil, 2009-2013 32
Figure 24: Bankers Petroleum Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 33
Figure 25: Bankers Petroleum Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 35
Figure 26: Bankers Petroleum Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 35
Figure 27: Bankers Petroleum Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 37
Figure 28: Bankers Petroleum Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 39
Figure 29: Bankers Petroleum Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 39
Figure 30: Bankers Petroleum Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 40
Figure 31: Bankers Petroleum Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 40
Figure 32: Bankers Petroleum Ltd., Revenue and Expenses, US$ mil, 2009-2013 42
Figure 33: Bankers Petroleum Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 43
Figure 34: Bankers Petroleum Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 43
Figure 35: Bankers Petroleum Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 44
Figure 36: Bankers Petroleum Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 44
Figure 37: Bankers Petroleum Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 45
Figure 38: Bankers Petroleum Ltd., Production Costs, By Country/Region, US$ mil, 2009-2013 45
Figure 39: Bankers Petroleum Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 46
Figure 40: Bankers Petroleum Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 48
Figure 41: Bankers Petroleum Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 49
Figure 42: Bankers Petroleum Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 49
Figure 43: Bankers Petroleum Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 50
Figure 44: Bankers Petroleum Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 50
Figure 45: Bankers Petroleum Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 51
Figure 46: Bankers Petroleum Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 51
Figure 47: Bankers Petroleum Ltd., Oil and Gas Performance Metrics, 2009-2013 53
Figure 48: Bankers Petroleum Ltd., Producible Oil and Gas Wells, 2009-2013 54
Figure 49: Bankers Petroleum Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 55
Figure 50: Bankers Petroleum Ltd., Net Productive Oil Wells, By Country/Region, Number, 2009-2013 55
Figure 51: Bankers Petroleum Ltd., Exploratory and Developed Wells, 2009-2013 57


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