Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.

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Voya Asia Pacific High Dividend Equity Income Fund

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Post by hakodateon Jan 15, 2014 4:26am

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Post# 22092473

Operations Update and 2014 Guidance is out

They are projecting 11000-13000 boe/d 2014. RBC was projecting 13600. 2013 results pretty much in line with 13000 boe/d.

Highlights

Total pro-forma 2013 production in line with prior guidance at approximately 13,000 barrels of oil equivalent per day (“boepd”); this reflects inclusion of full year production from the assets acquired as part of the Valiant Petroleum plc (“Valiant”) acquisition, which completed on 19 April 2013.
2014 production is anticipated to be in the range of 11,000 to 13,000 boepd, approximately 95% oil. No production from the Greater Stella Area (“GSA”) hub is incorporated in the guidance range.
First hydrocarbons are anticipated from the GSA hub at the end of 2014, resulting in net initial annualised production for the Company of approximately 16,000 boepd.
2014 capital expenditure is anticipated to total $295 million, reflecting investment in execution of the GSA development and a number of production enhancement activities.
Net drawn debt at 31 December 2013 of $348 million (excluding $33 million drawn down on the Norwegian tax rebate facility).
In line with the Company’s strategy to restructure its Norwegian portfolio, a licence swap has been executed with Tullow Norge AS (“Tullow”) to exchange the Company’s non-operated interests in two Barents Sea licences, including the licence containing the Langlitinden well, for a non-operated position in a Tullow operated Norwegian North Sea licence.