Atlas Resources

Stock Quote Atlas Resources - ARII:

Business Summary

Atlas Resources engages in two main business activities. Firstly, the import & export of, and trade in, dense fuel sources, including coal, briquettes, refractory material, and associated business activities. Secondly, it is engaged in the transportation of coal, including the management and maintenance of transportation facilities to support coal mining activities and other related business activities.

In addition, the company also engages in a number of supporting activities, including the rental of equipment, vehicles, and other supporting infrastructure related to coal mining activities, and the provision of infrastructure to support mining activities, including renting equipment, vehicles, and other supporting infrastructure related to coal mining activities.

Atlas Resources' exploratory and production activities are conducted through six hubs:

• Kukar Hub, which consists of two mining concessions located in Kutai (East Kalimantan), covering a total area of almost 2,500 ha. This hub produces thermal coal, metallurgical coal and high calorie thermal coal.

• Berau Hub, which consists of four mining concessions located in the Berau district (East Kalimantan), covering a total area of nearly 20,000 ha. This hub produces thermal coal for exports to markets in Northern Asia.

• Kubar Hub, which consists of three mining concessions located in the West Kutai district (East Kalimantan), covering a total area of nearly 15,000 ha. This hub produces metallurgical coal and high-calorie thermal coal.

• Oku Hub, which consists of three concessions located in South Sumatra, covering a total area of 23,840 ha. This hub produces low-calorie steam coal in order to fulfil the demand of domestic market. powerplant and facility in India, Kores, China and others.

• Muba Hub, which consists of five concessions covering a total area of more than 41,000 ha in the Musi Rawas district and the Musi Banyuasin district (South Sumatra). This hub produces thermal coal in order to meet demand of new generation powerplants.

• Papua Hub, which consists of two concessions covering a total area of 100,000 ha. This hub is currently being developed for future activities.

Atlas Resources' Operational Highlights:

	2011	2012	2013	2014	2015	2016
Production Volume (tons)	1,210,334	1,332,453	1,733,765	536,877	576,685	261,732
Sales Volume (tons)	1,150,707	1,214,523	2,033,685	853,832	715,815	298,451
Average Selling Price (US$)	75.87	78.41	56.38	44.80	39.59	37.78
Volume Overburden (BCM)	14,150,166	15,159,886	18,811,193	4,415,635	4,472,112	1,222,088
Strip Ratio	11.46:1	11.38:1	10.85:1	8.22:1	7.75:1	4.67:1

^{Source: Atlas Resources, Annual Report 2016}

Atlas Resources' Financial Highlights:

	2010	2011	2012	2013	2014	2015	2016
Net Sales	65,246	91,052	97,240	114,712	38,468	28,342	11,641
Gross Profit	8,974	27,135	16,566	(2,406)	(9,069)	(7,741)	(9,313)
Net Income (loss)	1,273	2,468	(11,150)	(10,774)	(24,618)	(25,922)	(25,482)
Total Assets	59,366	256,651	299,105	315,158	339,149	351,484	330,115
Total Liabilities	35,651	100,842	154,799	183,181	231,793	269,491	273,848
Earnings per Share¹	-	0.00147	(0.00355)	(0.00361)	(0.00707)	(0.00838)	(0.00814)

^{in thousand US dollar unless otherwise stated
¹ in US dollar
Source: Atlas Resources, Annual Report 2016}