April 19, 2018 1:09 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Bahar Energy Limited

Company Overview

Bahar Energy Limited offers oil and gas exploration and production services. The company is based in Dubai, United Arab Emirates.. As of August 9, 2016, Bahar Energy Limited operates as a subsidiary of Greenfields Petroleum International Company Ltd.

LOB 15-514

Jebel Ali Free Zone

Dubai,  

United Arab Emirates

Key Executives for Bahar Energy Limited

Chief Executive Officer
Compensation as of Fiscal Year 2017.

Bahar Energy Limited Key Developments

Bahar Energy Limited Announces Revenue and Operating Results for the Second Quarter and Six Months Ended June 30, 2017

Bahar Energy Limited announced revenue and operating results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenues of $6,818,000 against $8,095,000 a year ago. For the six months, the company reported revenues of $16,056,000 against $15,494,000 a year ago. For the quarter, the company reported natural gas production of 17,120 mcf/d compared to 14,503 mcf/d produced in the same period last year. Barrel oil equivalent production was 3,527 boe/d against 3,196 boe/d produced in the same period last year. Oil and condensate was 674 bbl/d against 779 bbl/d in the same period last year. For the six months, the company reported natural gas production of 17,207 mcf/d compared to 14,066 mcf/d produced in the same period last year. Barrel oil equivalent production was 3,559 boe/d against 3,177 boe/d produced in the same period last year. Oil and condensate was 691 bbl/d against 833 bbl/d in the same period last year.

Bahar Energy Limited Announces Revenue and Production Results for the First Quarter Ended March 31, 2017

Bahar Energy Limited announced revenue and production results for the first quarter ended March 31, 2017. For the first quarter, the company recorded revenues of $9,238,000 compared to $7,399,000 a year ago. For the quarter, the company reported natural gas production of 17,296 mcf/d compared to 13,629 mcf/d produced in the same period last year. Barrel oil equivalent production was 3,591 boe/d against 3,158 boe/d produced in the same period last year.

Bahar Energy Limited Reports Operating Results for the Fourth Quarter and Full Year Ended December 31, 2016; Reports Revenue Results for the Full Year Ended December 31, 2016

Bahar Energy Limited reported operating results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported sales volumes averaged 647 bbl/d for crude oil and 17,403 mcf/d for natural gas or 3,547 boe/d In comparison to the average volumes for the same quarter in 2015, volumes decreased 37% for oil, increased 16% for natural gas and no change for boe/d. For the full year, the company reported sales volumes averaged 764 bbl/d for crude oil and 15,691 mcf/d for natural gas or 3,379 boe/d, 2016 average volumes decreased 26% for oil, increased 6% for natural gas and decreased 4% for boe/d, respectively, when compared to 2015. The company reported revenue results for the full year ended December 31, 2016. For the period, the company reported revenue of $33,507,000 against $39,313,000 a year ago.

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