Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Apache Corporation    APA

Delayed Quote. Delayed  - 08/26 10:02:00 pm
52.35 USD   -0.30%
08/04 APACHE : reports 2Q loss
08/04 APACHE CORPORAT : Releases Second-Quarter 2016 Financial And Operati..
08/03 APACHE : 08/03/2016Apache Corporation Converts To Successful-Efforts..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Apache Corporation : Apache makes gas discovery offshore Kenya; data analysis underway to determine future activity

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/12/2012 | 04:23pm CEST

Apache makes gas discovery offshore Kenya; data analysis underway to determine future activity

HOUSTON, Sept. 12, 2012 -- Apache Corporation (NYSE, Nasdaq: APA) announced today that Mbawa 1 offshore exploration well in Kenya encountered natural gas. The well reached a total depth of 10,335 feet (3,150 meters).

The well encountered approximately 52 net meters (170 feet) of natural gas pay in three zones. Although no oil was encountered, the presence of hydrocarbons warrants further evaluation. Over the next several months, Apache and its partners in the Kenya L8 Joint Venture will analyze the well data to determine future exploration activities.

Apache has 50 percent interest in the Mbawa 1 well and is the operator. Others in the joint venture are Origin Energy Ltd. (20 percent), Pancontinental Oil & Gas NL (15 percent) and Tullow Kenya B.V. (15 percent).

About Apache
Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina. Apache posts announcements, operational updates, investor information and copies of all press releases on its website, www.apachecorp.com.

Forward-looking statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. These statements include, but are not limited to, statements about future plans, expectations, and objectives for Apache's operations including statements about exploration and drilling plans in the Mbawa 1 offshore well in Kenya. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See "Risk Factors" in our 2011 Form 10-K filed with the Securities and Exchange Commission for a discussion of risk factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development, or otherwise, except as may be required by law.



distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APACHE CORPORATION
08/11 APACHE CORPORATION : Releases Second-Quarter 2016 Financial And Operational Resu..
08/11 APACHE CORPORATION : Converts To Successful-Efforts Accounting Method
08/05 APACHE CORP : Other Events (form 8-K)
08/04 APACHE CORP : Other Events, Financial Statements and Exhibits (form 8-K)
08/04 APACHE : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS..
08/04 APACHE CORP : Results of Operations and Financial Condition, Financial Statement..
08/04 APACHE : reports 2Q loss
08/04 APACHE CORPORATION : Releases Second-Quarter 2016 Financial And Operational Resu..
08/03 APACHE : 08/03/2016Apache Corporation Converts To Successful-Efforts Accounting ..
08/03 APACHE CORPORATION : Converts To Successful-Efforts Accounting Method
More news
Sector news : Oil & Gas Exploration and Production - NEC
08/25DJPETROCHINA : China Oil Drillers Take Hit -- WSJ
08/24DJPETROCHINA : and Cnooc Results Plunge
08/24DJCNOOC : Swings to Net Loss of CNY7.74 Billion in First Half
08/23 ConocoPhillips hits snag in Senegal deepwater stake sale to Woodside
08/23DJU.S. Stocks Creep Higher
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
08/28 BAKKEN UPDATE : A Brief Overview Of How To Invest In U.S. Oil E&Ps By Using Know..
08/28 APACHE : Set To Get Better
08/25 CRUDE OIL : Imports Surge To 2nd Highest Level Since 2012
08/21 This Is What Makes Apache Corp. One Of The Best Oil Stocks To Own
08/21 BAKKEN UPDATE : Frac Sand Pricing Could Go Parabolic, But Not Until Oil Prices R..
Advertisement
Financials ($)
Sales 2016 5 519 M
EBIT 2016 28,0 M
Net income 2016 -500 M
Debt 2016 7 981 M
Yield 2016 1,91%
P/E ratio 2016 -
P/E ratio 2017 30,40
EV / Sales 2016 5,05x
EV / Sales 2017 3,90x
Capitalization 19 863 M
More Financials
Chart APACHE CORPORATION
Duration : Period :
Apache Corporation Technical Analysis Chart | APA | US0374111054 | 4-Traders
Full-screen chart
Technical analysis trends APACHE CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 34
Average target price 57,0 $
Spread / Average Target 8,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
John J. Christmann President, Chief Executive Officer & Director
John E. Lowe Non-Executive Chairman
Stephen J. Riney Chief Financial Officer & Executive Vice President
Aaron S. G. Merrick Vice President-Information Technology
George D. Lawrence Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
APACHE CORPORATION17.72%19 863
OCCIDENTAL PETROLEUM C..14.14%58 952
CNOOC LTD17.60%55 279
CONOCOPHILLIPS-9.40%52 389
EOG RESOURCES INC27.39%49 657
CANADIAN NATURAL RESOU..40.51%35 032
More Results