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ERONGO ENERGY LIMITED (ERN)


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General Information
Company Name: Erongo Energy Limited
Stock Code: ERN
Website: www.erongoenergy.com.au
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 1
Equiv. Shares (M): 134

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.007 $ 0.007 $ 0.007 $ 0.007 $ 0.009 300,000 $ -0.002  -22.222 %

Company Overview

Business Description:
Erongo Energy Limited (ERN) is a Perth-based gold exploration company which holds interest in gold and tin projects located in Democratic Republic of Congo. ERN currently focuses on its flagship Maniema Project.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -1.2 -1.3 -- 0.0 0.0 0.0 --
2011  A -4.2 -5.6 -- 0.0 0.0 0.0 --
2010  A -0.6 -1.0 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Beach Energy (BPT) $1,534 M 0.7828 -0.2483 0.1432 11.4259 15.2010 13.2967 0.0186 0.0186 0.0186
Erongo Energy (ERN) $1 M -- -- -- -- -- -- 0.0000 -- --
Oil Search (OSH) $10,841 M -0.3691 0.0607 1.8198 73.2790 69.0863 24.5003 0.0048 0.0050 0.0050
Santos (STO) $12,401 M -0.1141 0.3991 0.2473 28.5587 20.4127 16.3655 0.0233 0.0233 0.0233
Woodside Petroleum (WPL) $30,872 M 0.1834 0.0140 0.1160 15.3811 15.1682 13.5914 0.0334 0.0530 0.0588

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ERN -- -- 0.15 -- --
Market 1.08 12.7 0.89 1.87 2.60
Sector 1.36 15.1 0.77 2.18 5.20

Directors
Name Position Start Date
Mr Paul Jurman Company Secretary 21 September 2012
Mr Mark Gasson Managing Director 23 November 2006
Mr Ronald (Ron) Norbert Gajewski Non-Executive Chairman 09 July 2007
Mr Klaus Peter Eckhof Non-Executive Director 24 August 2011

Substantial Shareholders
Holding Name
4,750,500 (4.71%) Auralandia NL

Calendar of Events
Date Event
29 April 2014 Report (Quarterly)
28 January 2014 Report (Quarterly)
28 October 2013 Report (Quarterly)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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