Operational Updates, Acquisitions, Voting Rights, Share Capital, and Upcoming Events - Analyst Notes on Tullow, Heritage, SOCO, Kazakhmys and Centamin

LONDON, July 4, 2014 /PRNewswire/ --

- Editor Note: For more information about this release, please scroll to bottom.

Today, Earnings Review released its analysts' notes regarding Tullow Oil plc (LON: TLW), Heritage Oil PLC (LON: HOIL), SOCO International plc (LON: SIA), Kazakhmys plc (LON: KAZ) and Centamin PLC (LON: CEY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/4475-100free.

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Tullow Oil plc Analyst Notes
On July 2, 2014, Tullow Oil plc (Tullow) released its trading guidance and operational update for H1 2014. Tullow informed that the Company is expected to deliver strong H1 2014 revenue and gross profit in line with the Company's expectations of approximately $1.3 billion and $650 million, respectively. The Company's H1 2014 working interest production averaged 78,100 boepd, impacted by underperformance at Schooner-11 in the UK and non-operated assets in Gabon. Post the second $650 million bond issue in April 2014 and successful re-financings of the corporate revolving credit facility of $750 million and NOK 3 billion Norwegian exploration loan facility, the Company's balance sheet is well-funded and has a unutilised debt capacity of c.$2.3 billion at the end of June 30, 2014. The Company plans to release its H1 2014 financial results on July 30, 2014. Production guidance remains unchanged for the full year at 79,000 to 85,000 boepd. The full analyst notes on Tullow are available to download free of charge at:

http://earnings-review.com/4475-TLW-04Jul2014.pdf

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Heritage Oil PLC Analyst Notes
On June 30, 2014, Heritage Oil PLC (Heritage) announced the completion of its acquisition by Energy Investments Global Ltd., a wholly owned subsidiary of Al Mirqab Capital SPC. Heritage informed that the completion of acquisition follows the Scheme Court Hearing making an order sanctioning the scheme on June 27, 2014 and the delivery of that Order to the Registrar of Companies on June 30, 2014. According to Heritage, a consideration of 320 pence per scheme share will be paid to scheme shareholders or settled in CREST by no later than July 14, 2014. Consequently, the listing of Heritage shares on the premium listing segment of the Official List of the UK Listing Authority and trading in Heritage Shares on the main market for listed securities of the London Stock Exchange have been suspended since 7.30 a.m. London Time on June 27, 2014. The full analyst notes on Heritage are available to download free of charge at:

http://earnings-review.com/4475-HOIL-04Jul2014.pdf

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SOCO International plc Analyst Notes
On July 1, 2014, SOCO International plc (SOCO) announced its total voting rights and issued share capital in accordance with Disclosure and Transparency Rule 5.6.1. SOCO informed that as of June 30, 2014, the Company's issued share capital consisted of 341.1 million ordinary shares of £0.05 each with voting rights. Further, the Company held 9.1 million shares in Treasury. As a result, the total number of voting rights in the Company is 332 million. On June 11, 2014, SOCO issued a statement in response to WWF's complaint to the UK National Contact Point under the OECD Guidelines for Multinational Enterprises, agreeing not to explore in Democratic Republic of Congo's Virunga National Park, unless its government and UNESCO agree it would not threaten the area's world heritage status. The full analyst notes on SOCO are available to download free of charge at:

http://earnings-review.com/4475-SIA-04Jul2014.pdf

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Kazakhmys plc Analyst Notes
On June 30, 2014, Kazakhmys plc (Kazakhmys) issued a press release stating its issued share capital and total voting rights in accordance with the Disclosure and Transparency Rules. Kazakhmys informed that as on June 30, 2014, the Company's issued share capital consisted of 458.4 million ordinary shares, of which 11.7 million shares were held in Treasury. Hence, the total number of voting rights in the Company was 446.7 million, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company. Speaking at the 2014 AGM, on May 8, 2014, Simon Heale, Non-Executive Chairman, said that he expects copper production in full-year 2014 to be in line with 2013 at between 285 to 295 kt. Kazakhmys would release its Q2 2014 production report on July 31, 2014. The full analyst notes on Kazakhmys are available to download free of charge at:

http://earnings-review.com/4475-KAZ-04Jul2014.pdf

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Centamin PLC Analyst Notes
Centamin PLC (Centamin), posted on the Financial Calendar section of its official website that the Company plans to release its Q2 2014 production results on July 9, 2014. Centamin, along with its subsidiaries, is engaged in the business of exploration for precious and base metals. The Company's principal asset is the Sukari Gold Mine (Sukari), which is located in the Eastern Desert of Egypt. In an interview to news agency Reuters published on June 16, 2014, Chairman Josef El-Raghy said that he expects the court case, which rendered Centamin's right to operate Sukari as invalid, to be resolved by year-end. In the interview, El-Raghy said he was expecting a new investor-friendly law to render void the legal case against Centamin, and betting on the new Egyptian government to revive the economy and woo investors after years of civil unrest. Centamin's appeal will come up for hearing in October, 2014. The full analyst notes on Centamin are available to download free of charge at:

http://earnings-review.com/4475-CEY-04Jul2014.pdf


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EDITOR'S NOTES:
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