Operational Updates, Acquisitions, Voting Rights, Share Capital, and Upcoming Events - Analyst Notes on Tullow, Heritage, SOCO,

Operational Updates, Acquisitions, Voting Rights, Share Capital, and Upcoming
   Events - Analyst Notes on Tullow, Heritage, SOCO, Kazakhmys and Centamin

  PR Newswire

  LONDON, July 4, 2014

LONDON, July 4, 2014 /PRNewswire/ --

- Editor Note: For more information about this release, please scroll to
bottom. Today, Earnings Review released its analysts' notes regarding Tullow
Oil plc (LON: TLW), Heritage Oil PLC (LON: HOIL), SOCO International plc (LON:
SIA), Kazakhmys plc (LON: KAZ) and Centamin PLC (LON: CEY). Private wealth
members receive these notes ahead of publication. To reserve complementary
membership, limited openings are available at:
http://earnings-review.com/4475-100free . -- Tullow Oil plc Analyst Notes On
July 2, 2014, Tullow Oil plc (Tullow) released its trading guidance and
operational update for H1 2014. Tullow informed that the Company is expected
to deliver strong H1 2014 revenue and gross profit in line with the Company's
expectations of approximately $1.3 billion and $650 million, respectively. The
Company's H1 2014 working interest production averaged 78,100 boepd, impacted
by underperformance at Schooner-11 in the UK and non-operated assets in Gabon.
Post the second $650 million bond issue in April 2014 and successful
re-financings of the corporate revolving credit facility of $750 million and
NOK 3 billion Norwegian exploration loan facility, the Company's balance sheet
is well-funded and has a unutilised debt capacity of c.$2.3 billion at the end
of June 30, 2014. The Company plans to release its H1 2014 financial results
on July 30, 2014. Production guidance remains unchanged for the full year at
79,000 to 85,000 boepd. The full analyst notes on Tullow are available to
download free of charge at: http://earnings-review.com/4475-TLW-04Jul2014.pdf
-- Heritage Oil PLC Analyst Notes On June 30, 2014, Heritage Oil PLC
(Heritage) announced the completion of its acquisition by Energy Investments
Global Ltd., a wholly owned subsidiary of Al Mirqab Capital SPC. Heritage
informed that the completion of acquisition follows the Scheme Court Hearing
making an order sanctioning the scheme on June 27, 2014 and the delivery of
that Order to the Registrar of Companies on June 30, 2014. According to
Heritage, a consideration of 320 pence per scheme share will be paid to scheme
shareholders or settled in CREST by no later than July 14, 2014. Consequently,
the listing of Heritage shares on the premium listing segment of the Official
List of the UK Listing Authority and trading in Heritage Shares on the main
market for listed securities of the London Stock Exchange have been suspended
since 7.30 a.m. London Time on June 27, 2014. The full analyst notes on
Heritage are available to downlo ad free of charge at:
http://earnings-review.com/4475-HOIL-04Jul2014.pdf -- SOCO International plc
Analyst Notes On July 1, 2014, SOCO International plc (SOCO) announced its
total voting rights and issued share capital in accordance with Disclosure and
Transparency Rule 5.6.1. SOCO informed that as of June 30, 2014, the Company's
issued share capital consisted of 341.1 million ordinary shares of £0.05 each
with voting rights. Further, the Company held 9.1 million shares in Treasury.
As a result, the total number of voting rights in the Company is 332 million.
On June 11, 2014, SOCO issued a statement in response to WWF's complaint to
the UK National Contact Point under the OECD Guidelines for Multinational
Enterprises, agreeing not to explore in Democratic Republic of Congo'sVirunga
National Park, unless its government and UNESCO agree it would not threaten
the area's world heritage status. The full analyst notes on SOCO are available
to d ownload free of charge at:
http://earnings-review.com/4475-SIA-04Jul2014.pdf -- Kazakhmys plc Analyst
Notes On June 30, 2014, Kazakhmys plc (Kazakhmys) issued a press release
stating its issued share capital and total voting rights in accordance with
the Disclosure and Transparency Rules. Kazakhmys informed that as on June 30,
2014, the Company's issued share capital consisted of 458.4 million ordinary
shares, of which 11.7 million shares were held in Treasury. Hence, the total
number of voting rights in the Company was 446.7 million, which may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in the Company. Speaking at the 2014 AGM, on May 8, 2014, Simon
Heale, Non-Executive Chairman, said that he expects copper production in
full-year 2014 to be in line with 2013 at between 285 to 295 kt. Kazakhmys
would release its Q2 2014 production report on July 31, 2014. The full analyst
notes on Kazakhmys are available to download free of charge at:
http://earnings-review.com/4475-KAZ-04Jul2014.pdf -- Centamin P LC Analyst
Notes Centamin PLC (Centamin), posted on the Financial Calendar section of its
official website that the Company plans to release its Q2 2014 production
results on July 9, 2014. Centamin, along with its subsidiaries, is engaged in
the business of exploration for precious and base metals. The Company's
principal asset is the Sukari Gold Mine (Sukari), which is located in the
Eastern Desert of Egypt. In an interview to news agency Reuters published on
June 16, 2014, Chairman Josef El-Raghy said that he expects the court case,
which rendered Centamin's right to operate Sukari as invalid, to be resolved
by year-end. In the interview, El-Raghy said he was expecting a new
investor-friendly law to render void the legal case against Centamin, and
betting on the new Egyptian government to revive the economy and woo investors
after years of civil unrest. Centamin's appeal will come up for hearing in
October, 2014. The full analyst notes on Centamin are available to download
free of charge at: http://earnings-review.com/4475-CEY-04Jul2014.pdf
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