· 53% increase in net income to €20 million

· Cash on 30 June 2013: €170 million

· Cash on 30 August 2013: €245 million
Paris, 30 August 2013:MPI (NYSE-Euronext: FR0011120914-MPI), an independent player specialising in the exploration and production of hydrocarbons, is publishing its audited results for the first half of 2013, prepared by the Board of Directors on 28 August 2013.
The MPI Group, formerly MP Nigeria, has positioned itself as an independent player in the oil industry since the start of 2013. The actions undertaken to broaden the assets base ensure that the Group has a balanced portfolio of quality assets.
This diversification strategy has resulted in MPI investing in new countries. Therefore, the Group's asset portfolio in Nigeria has been enlarged by the addition of interests in Myanmar (April 2013) and Canada (July 2013). A strengthening of the Group's presence in Canada, Africa, and the Middle East is currently under consideration. The Company has also just been certified by the Iraqi authorities to take part in the forthcoming allocation of exploration licenses.
The sale of 10% of SEPLAT's capital on 22 August 2013 for $98 million reflects MPI's intention for this Company to develop quickly on the Nigerian and London stock markets.
The financial resources generated by this sale, added to existing cash flow, will enable growth operations to continue.
The table below shows the Group's total business scope on 30 August 2013, after the sale of 10% of SEPLAT and external growth operations.

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