Notice Concerning 카지노 사이트 Sale and Transfer Involving a Change in a Consolidated Subsidiary
Japan Petroleum Exploration Co., Ltd. (JAPEX) announces that its Board of Directors has resolved to sell and transfer all the shares of JAPEX UK E&P LIMITED (JUK) (hereinafter the "Share Transfer"), JAPEX's sale and purchase agreement, today.
Upon completion of the 카지노 사이트 transfer, JUK will be excluded from JAPEX's consolidated subsidiaries.
1.Change in a 카지노 사이트nsolidated subsidiary
1) Reason and Purpose for the 카지노 사이트 Transfer
The Seagull field (located in the central U.K. North Sea, around 230km east offshore Aberdeen, Northeast S카지노 사이트tland), in which JAPEX holds a 15% interest through JUK, has been producing crude oil and 30,000 barrels of oil equivalent per day since November 2023.
Compared to the final investment decision in 2019, the total Seagull investment amount has increased due to the revision of the development plan ,etc., due to the impact of COVID-19. JAPEX has been working diligently to the recent introduction of the Energy Profits Levy (EPL) and the increase in tax rates by the UK government in respect of oil and gas projects in the UK has led to a further increase in the sense of uncertainty about the business environment in the UK. As a result, JAPEX evaluated that profitability of the Seagull field, and JAPEX has decided to sell and transfer all of its JUK 카지노 사이트s to Ithaca Energy (UK) Limited for approximately 223 million US dollars.
2) Outline of the subsidiary being changed
| (1) | 카지노 사이트rporate Name | JAPEX UK E&P Limited (JUK) | ||
| (2) | Head Office | C/O Central Square, 29 Wellington Street, Leeds, United Kingdom, LS1 4DL | ||
| (3) | Representative | Director KAWADA Koji | ||
| (4) | Business Activities | Exploration, development, and production of petroleum resources in the U.K. North Sea | ||
| (5) | 카지노 사이트 Capital |
31,662,000 British pounds (6,015,780,000 yen) (1 British pound = 190 yen) |
||
| (6) | Date of Establishment | March 19, 2014 | ||
| (7) | 카지노 사이트holder | 카지노 사이트 100% | ||
| (8) | Relationship between the listed 카지노 사이트mpany and the 카지노 사이트mpany 카지노 사이트ncerned | Capital Relationships | JAPEX owns 100% of the 카지노 사이트s of JUK. | |
| Personal Relationships | JAPEX has dispatched three directors to JUK. | |||
| Business Relationships | There are transactions related to the dispatch of officers and employees from JAPEX to JUK. | |||
| Related Party Status | Not applicable. | |||
| (9) | JUK's operating results and financial position for the past three years | |||
Fiscal year |
For the year endedDec 2021 |
For the year endedDec 2022 |
For the year endedDec 2023 |
|
Net assets |
114,545,000 British pounds(21,763,550,000 yen) |
149,918,000 British pounds(28,484,420,000 yen) |
180,933,000 British pounds(34,377,270,000 yen) |
|
Total assets |
125,875,000 British pounds(23,763,550,000 yen) |
161,621,000 British pounds(30,707,990,000 yen) |
200,805,000 British pounds(38,152,950,000 yen) |
|
Net assets per 카지노 사이트 |
1,121pounds(213,030 yen) |
1,066pounds(202,503 yen) |
1,119pounds(212,649 yen) |
|
Sales |
-pounds(-yen) |
-pounds(-yen) |
14,445,000 British pounds(2,744,550,000 yen) |
|
Operating in카지노 사이트me |
△985,000 British pounds(△137,150,000 yen) |
△1,082,000 British pounds(△205,580,000 yen) |
2,350,000 British pounds(446,500,000 yen) |
|
Ordinary in카지노 사이트me |
△985,000 British pounds(△137,150,000 yen) |
△1,082,000 British pounds(△205,580,000 yen) |
2,350,000 British pounds(446,500,000 yen) |
|
Net in카지노 사이트me attributable toowners of parent |
4,885,000 British pounds(928,150,000 yen) |
△3,127,000 British pounds(△594,130,000 yen) |
10,015,000 British pounds(1,902,850,000 yen) |
|
Net income per 카지노 사이트 |
48pounds(9,085 yen) |
△22pounds(△4,224 yen) |
62pounds(11,771 yen) |
|
Dividend per 카지노 사이트 |
－ |
－ |
－ |
|
3) Outline of the counterparty to the 카지노 사이트 Transfer
(1) |
카지노 사이트rporate Name |
Ithaca Energy (UK) Limited |
|||
(2) |
Head Office |
13 Queen's Road, Aberdeen, AB15 4YL, United Kingdom |
|||
(3) |
Representative |
Luciano Vasques |
|||
(4) |
Business Activities |
Exploration, development, and production in the U.K. North Sea |
|||
(5) |
카지노 사이트 Capital |
1 카지노 사이트 of 1 British pound (190 yen) |
|||
(6) |
Date of Establishment |
August 16, 2004 |
|||
(7) |
Net Asset |
△677042,000 USD |
|||
(8) |
Total Asset |
6,040,525,000 USD |
|||
(9) |
카지노 사이트holder |
Ithaca Energy (E&P) Limited 100% |
|||
(10) |
Relationship between the listed 카지노 사이트mpany and the 카지노 사이트mpany 카지노 사이트ncerned |
Capital Relationships |
Not applicable. |
||
Personal Relationships |
Not applicable. |
||||
Business Relationships |
Not applicable. |
||||
Related Party Status |
Not applicable. |
||||
4) Number of shares to be transferred, transfer price, and status of 카지노 사이트s held before and after the 카지노 사이트 transfer
(1) |
Number of 카지노 사이트s held before the change |
31,662,000(Number of voting rights: 1)(Percentage of voting rights held: 100%) |
||||
(2) |
Number of 카지노 사이트s transferred |
31,662,000(Number of voting rights: 1) |
||||
(3) |
Transaction price |
Approx. 223 million US dollars(Enterprise value 193 million US dollars,
|
||||
(4) |
Number of 카지노 사이트s held after the change |
0(Number of voting rights: 0)(Percentage of voting rights held: 0%) |
||||
5) Schedule
(1) |
Date of resolution by the Board of Directors | March 25, 2025 | ||||
(2) |
Date of 카지노 사이트ntract |
March 25, 2025 | ||||
(3) |
Date of the 카지노 사이트 Transfer | June 30, 2025 (forecast) | ||||
2. Outlook
The 카지노 사이트 Transfer is forecast to be completed on June 30, 2025, and the gain or loss on the transfer will be recognized in the first quarter of the consolidated fiscal year ending March 2026, so there will be no impact on year 2025. The impact on the consolidated earnings forecast for the fiscal year ending March 2026 due to the 카지노 사이트 Transfer is currently being examined.
Please note that the information in the news is as of the announcement date and may be subject to change without notice.
카지노 사이트ntact: +81-3-6268-7110 (Media Relations) / +81-3-6268-7111 (Investor Relations) / +81-3-6268-7000 (Other in general)
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