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S.N.G.N. ROMGAZ S.A. - SNG

2020 Preliminary Key Operational Results

Release Date: 2/3/2021 6:05:04 PM

IRIS Code: CB5F6

 

Report on 2020 Preliminary Key Operational Results

 

Report date: February 3, 2021

Company name: S.N.G.N. ROMGAZ S.A.

Address: Medias, 4 Constantin I. Motas Square, Sibiu County – Romania, 551130

Phone/fax no: 004-0374-401020 / 004-0269-846901

Fiscal Code: RO14056826

LEI Code: 2549009R7KJ38D9RW354

Trade Register registration number: J32/392/2001

Subscribed and paid in share capital: 385,422,400 RON

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

 

This report provides preliminary information on important operational indicators of Romgaz Group for the year 2020.  The information in this report may undergo changes and may differ from those that will be published in 2020 report.  The preliminary 2020 consolidated financial results will be released on February 25, 2021.

 

Operational results

 

Q4 2019

Q3 2020

Q4

2020P

ΔQ4* (%)

Main indicators

2019

2020P

Δ2020 (%)

8.57

6.16

8.55

-0.2

Total hydrocarbon production (mln boe), of which:

34.07

29.24

-14.2

8.53

6.12

8.50

-0.4

Gross gas production (mln boe)

33.92

29.06

-14.3

1,327.35

952.04

1,321.95

-0.4

Gross gas production (mln cm)

5,276.90

4,519.72

-14.3

0.036

0.044

0.051

39.5

Condensate production (mln boe)

0.144

0.188

31.0

4,388

5,349

6,119

39.5

Condensate production (tons)

17,340

22,713

31.0

1,258.9

770.0

1,435.1

14.0

Gas from domestic production delivered to the market (mln cm)**

4,901.6

4,406.2

-10.1

298.0

322.6

319.6

7.3

Electricity production (GWh)

590.1

937.5

58.9

347.1

0.3

892.5

157.1

Invoiced UGS withdrawal services (mln cm)

1,271.8

1,816.8

42.8

346.1

444.5

99.6

-72.1

Invoiced UGS injection services (mln cm)

2,620.5

1,115.1

-57.4

     P – preliminary                                               1 tone = 8.276 boe                       

     *  Q4 2020P vs Q4 2019                                 1 bcm = 6.428571 mln boe

     ** including gas purchased from domestic production

 

 

Chief Executive Officer,

Daniel Corneliu PENA

 

 

 

 

******************

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This report includes forward-looking statements, which include, without limitation, any statements preceded by, followed by or that include the words “may”, “will”, “would”, “should”, “expect”, “intend”, “estimate”, “forecast”, “anticipate”, “project”, “believe”, “seek”, “plan”, “predict”, “continue”, “commit”, “undertaking” and similar expressions or their negatives. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Group’s control that could cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding the Group’s present and future business strategies and the environment in which the Group will operate in the future and should not be taken as promises.

Reviewing forward-looking statements should carefully consider the foregoing remarks and other uncertainties and events, especially in light of the political, economic, social and legal environment in which the Group operates. Forward-looking statements contained in this report are valid only as at the date of this report. The Group expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group’s expectations with regard thereto or any change in events, conditions or circumstances on which any of such statements are based unless required to do so by any applicable regulatory regime.

 

 



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