hum network limited ( simply hnl or humnl ) formerly eye television network limited is a public limited media company based in karachi , pakistan .

it is a current member of asia-pacific broadcasting union ( apbu ) , association for international broadcasting ( aib ) and commonwealth broadcasting association ( cba ) .

hum network limited

hum network limited , formerly eye television network limited , is a public limited media company based in karachi . the company was established in february 2004 .
the company was incorporated in pakistan as a public limited company in february 2004 in the name of eye tv limited and later on 18 november 2004 the name was changed to eye television network limited , and finally on 21 january 2011 the company name was changed to hum network limited ( hnl ) .
originally , the company was incorporated in pakistan as a public limited company in february 2004 in the name of eye tv limited and later on 18 november 2004 the name was changed to eye television network limited , and finally on 21 january 2011 the company name was changed to hum network limited ( hnl ) .
responsible to oversee and update all the social media pages of hum network channels .
hum tv is the first satellite channel launched by hum network limited . the company obtained license of the channel from pemra on october 30 , 2004 . . . . visit urltoken
for this very purpose , the hum network family has developed the following core values .
the hum network limited has announced that it will launch a new tv channel by the name of ' hum news ' , although a date for the expected launch of the channel was not revealed .
hum network limited is continuously striving to provide corporate and social work environment to its employees as this helps them to work in a complete harmony , healthy and professional way .
hum network limited is engaged in the business of electronic media . the company ' s broadcasting portfolio consists of satellite channels , such as hum tv , hum sitaray , hum masala and hum world ( including separate beams for north america , the united kingdom and the middle east ) . the company also has strategic business units ( sbus ) . . . ( more )
a letter sent to the general manager of the pakistan stock exchange said the board of directors of hum network limited during a meeting on friday gave its approval for the launch of hum news
to exploit the available opportunities in the news genre
.
a brand of hum network limited , masala tv is the most viewed channel among the pakistani audiences . masala tv has the distinction of being pakistan ' s first 24 / 7 food channel . . . visit
hum network careers hum network has a friendly work environment encouraging team work and out - of - the box thinking . we support employee growth and guarantee that you will meet people with varied backgrounds , increasing your exposure to various skill sets and opportunities .
karachi : while pakistan already has one major awards ceremony in the lux style awards every year , we now have another . at a press conference held at their office in karachi last week , hum network limited announced that it will hold hum awards 2013 in karachi during march .
hum network limited ( hnl ) was launched in 2004 with the objective to provide quality entertainment to households of all socio economic classes . hnl has a number of satellite channels including hum tv ( entertainment ) hum masala ( 24 hours food channel ) , hum sitaray & style 360 ( entertainment lifestyle and fashion ) . hnl is also being viewed in north america , uk & the middle east .
a brand of hum network limited , humsitaray aims to achieve a collaboration of programs which are an inspiration for living . the objective is to make humsitaray a household name , a brand which personifies the lifestyles . . . visit urltoken
also , hum network limited amended its memorandum of association to expand the business into different industries and markets amongst other amendments and obtained the right to enter into any business outside the media industry , expanding into new markets and growing continuously .
the name “hum” itself contains a strong message regarding the principles , beliefs and philosophy of the network where employees are treated as family members .
customize your jama network experience by selecting one or more topics from the list below .
mr duraid qureshi mr . duraid qureshi is the ceo and founder of hum network ltd . he started his career in treasury trading and after completing mba he joined al abbas sugar mills ltd . in 2001 he joined as a ceo of moomal productions and turned it into the largest production house in the country . in 2004 he founded hum network ( formerly eye television network ltd ) , launched hum tv in dec 2004 . hum network has 4 channels operating in entertainment genre hum tv ( gec ) masala tv ( 24 food channel ) , humsitaray & style 360 ) ( entertainment and style ) . in recognition of his dedicated and outstanding services in the field of media the kse ( the karachi stock exchange ( guarantee ) limited and mass human resource , presented the “best ceo awards in media sector” to him in 2012 .
hum network ' s success is not just limited to pakistan . it has reached out to countries outside of pakistan as well in countries like uk , usa and uae . this drive of hum network is in line with the firm ' s goal of becoming an internationally famed channel . and given the pace at which it is stretching out globally , the company seems well - equipped to become a leading name in the entertainment segment .
in an interview to bbc urdu in january 2016 , hum network ceo sultana siddiqui had expressed her desire to launch a news channel where
all journalistic values would be considered
.
hum tv today is a household name and the most successful tv network in the country . hum tv is being viewed by south asian communities in usa , canada , uk & the middle east . hum network has established subsidiaries in the us as well as uk . duraid has also had passion for the publications business and has launched successful magazines including glam & masala food magazine . he intends to further enhance the publications business in the near future .
hum network limited ( humnl ) , a group of lifestyle and entertainment channels and magazines , is one of the few media groups listed in pakistan stock exchange besides media times group having subsidiary of daily times , business plus tv and zaiqa , which showed a loss of rs 216 million in the same financial year .
mr . mansoor ahmed before joining hnl , mr . mansoor ahmed served ptv for more than 24 years . currently he is working in the role of vice president engineering where he is responsible for the studios , master control room and satellite room functions of engineering . mr . mansoor is b tech honors from n . e . d . university , karachi . hum network has 24 / 7 operations where the department acts as a back bone for broad casting for local and international channels . it supports in broadcasting of hum tv , hum sitaray and hum masala for pakistan . internationally it facilitates in broadcasting hum world , hum mena and hum europe . ms shahnaz ramzi : ms . shahnaz ramzi joined hum network ltd as head of publications and public relations in october 2004 where she is looking after the pr and publications of the network . she is currently serving as gm publications and public relations and editor of glam , masala tv food mag , masala cookbooks and pentene bridal couture week catalogues .
at the meeting of board of directors of hum network , held on 11 th of august , it was decided that a new news channel by the name of hum news will be launched . the board of directors gave its approval to exploit available opportunities in the news genre .
operating since january 2005 , hum network is a name that has garnered roaring success and fame during a span of a little more than 10 years . the company offers quality contents in the entertainment genre including serials , soaps and telefilms , both domestically and internationally and has expanded its wings in the recent past by offering hum tv , hum sitaray and masala tv under its umbrella .
team work : we pool our abilities to accomplish our shared goals . all hnl employees are a part of network’s team , committed to working together . only by sharing ideas , technologies and talents the network can achieve and sustain profitable growth .
hum network knows well how to live up to the expectations of its stakeholders . quarter after quarter and year after year , the firm gets brighter and stronger . this year too , the firm is in a healthy shape with its nine months financial results boasting a profitability growth of 30 percent year - on - year . and if these strong footprints are anything to go by , hum network is likely to close this year with a bang .
mr . nasir tehrany mr . nasir tehrany is one of the founding members of hum network limited and has rendered his services for the network since its inception till now . with education from university of pennsylvania usa , in communication and media technology and master in film technology , nasir returned to pakistan in 1996 and immediately made inroads in the advertising industry in pakistan . his long association in senior positions with leading advertising agencies provided him the spring board of joining the television industry . he has worked with indus television network in the capacity of creative director / director programs , and established one of the best known production houses of the country .
ms . sultana siddiqui ms sultana siddiqui the president of hum network ltd . ms . sultana siddiqui started her career as a producer for pakistan television , karachi studios in 1974 and founded hum tv network ( one of the top 25 companies acknowledged by the karachi stock exchange in 2010 ) in 2005 . since then , she has been credited as the first woman of south asia to establish a television station and is the recipient of many national and international awards . under her supervision , hum tv’s serials received numerous awards for dramas by pakistan’s prestigious lux awards , four years in a row .
hum network ' s footprints are growing stronger both financially and operationally . brownie points are to be given to the management ' s efforts for aggressively taking up exciting venture which has fared well for company ' s image in the local and international markets . in the international context , the entry into the uae market marks yet another feat in hum network ' s journey . and given that the media firm ' s contents are being well - received in the international markets as well .
the group includes hum tv , masala tv and hum sitaray in the broadcast field while it is running famous cooking and fashion magazines naming masala tv food mag , newsline magazine and style g . l . a . m .
mr . hassan jawed : hassan jawed is currently the chief strategy officer & head of hr at hum network limited . he brings with him over 14 years of extensive experience of supply & distribution management , project feasibility planning , business planning , project development , business analysis and management reporting . at chevron pakistan limited a subsidiary of chevron corporation usa which is ranked amongst the top 3 global energy companies . he is a chevron certified project development and execution facilitator having facilitated development of large scale projects in pakistan , middle east & east africa . at hum network limited , he has led the initiative of developing the company’s strategic plan for the next 3 years which included swot analysis of the key functions ; review of the relevant markets , customers and of competitors and development generic strategies for the company . in addition , he has led the launch of the digital media sbu within hnl . in a short span of 18 months digital media has established itself as a self sustaining sbu with significant growth over the last year .
hum tv , plot no . 10 / 11 , hassan ali street , off . i . i chundrigar road ,
“we have thought to acknowledge the great support that we have received from our viewers . we are now are planning for the first time ever to hold the hum awards , ” said hum tv general manager publications and public relations shanaz ramzi .
in 1996 , ms . siddiqui founded a production house under the name of “moomal productions . ” since its establishment , the company’s plays have received numerous awards . in 2004 , she created “eye television network ltd” now ( hum network ltd ) as chairman and president which spawned three successful satellite channels : humtv , masala tv and hum 2 . in recognition of her outstanding services in the field of art ( tv production ) the president of the islamic republic of pakistan conferred the president award of “pride of performance” to her in 2008 .
a company representative while talking to urltoken confirmed that the network will launch a news channel . a formal announcement in this regard is expected next week .
all of the brands are strong and diverse entities on their own and leaders within their respective segments . the network symbolises leadership commitment to entertain the masses .
discipline : we organize and focus on our people and resources for maximum efficiency and effectiveness . we at hum evaluate our fiscal performance periodically . we respect each others’ time and adhere to company’s policies . at hum we seek continuous improvement in all that we do .
mr arif hussain : mr arif is the chief operating officer of hum network ltd . he has 17 years of experience in country’s media industry . arif hussain has taken up many leading roles in the country’s most well known media organizations and has also been fortunate to have gained experience in media buying / planning as well as the other side of the spectrum i . e business development / marketing . mr arif joined hum network as chief commercial officer on november 1 , 2010 where he was given the responsibility of sales , marketing , business development , research , pr and publications . mr arif was promoted to chief operating officer on january 02 , 2014 . currently he is responsible for sales , marketing , business development , distribution and administration function for the network .
while the scope of the television content being judged at these awards is fairly limited at this platform , with only hum tv dramas being nominated , there is no doubt that the event will create a buzz for the fans of popular dramas such as humsafar , shehr - e - zaat , mata - e - jaan , bari apa and others .
the film marks the directorial debut of renowned ad - filmmaker , nabeel qureshi , and would be distributed by eveready pictures and hum films .
mr . ather viqar azeem : mr . ather viqar azeem is a highly respected name in the media circle of pakistan . before becoming an integral part of hum network limited as senior vice president , he served an extensive tenure at ptv in various key designations . at ptv , his services for current affairs and sports have been extremely significant . he has to his credit a total of 7 ptv awards for his work in a range of domains . his far - reaching experience has always been a guiding light for hnl where his valuable input in key strategic decisions is indispensable .
klassen do ' connor w a prospective study of predictors of violence in adult male mental patients . law hum behav . 1988 ; 12143 - 158 google scholar
m / s . central depository company of pakistan limited ( cdc ) cdc house , 99 - b , block ' b ' , s . m . c . h . s . , main shahra - e - faisal , karachi - 74400
besides , the group presence is foreign countries improved gradually hum group mainly in usa , uk , uae , australia and other countries with good number of viewers .
she explained that there will be 32 categories altogether , with seven viewers’ choice awards . the categories will include music , fashion , hum tv dramas and special awards .
hum tv group’a annual revenue stands at rs . 3 . 7 billion with impressive growth of 27 . 5 percent in the outgoing financial year of 2014 - 15 .
hum group was also in talks with the management of news channel jaag tv , formerly cnbc pakistan , to buyout its 100 percent shares which was not matured on price issue .
the group revenues posted healthy growth alone in last quarter of 2014 - 15 due to the upward revision of tariff by the group on its tv channels due to quality of its content and increased market share in term of viewership . but it made a handsome investment to start new ventures like hum sitaray and hum films which squeezed its gross margins at bearable level .
after completing its 11 th year in the industry , the group is still exploring its way to make its new venture successful which it failed earlier through launching style 360 and hum 2 .
ms . maimona siddiqui maimona siddiqui is currently working in the capacity of vice president programming – hum tv at hnl . she has over 21 years of experience in production and started her career with network television marketing ( pvt ) in may 1993 . to her credit , she has production of over 6 , 000 minutes of programming which includes drama serials , sitcoms , special day plays , talk shows , special prime time shows , music shows , fashion and style shows . she has developed brand based concepts for niche programming for various clients . she has also designed different marketing plans and advertising strategies for hum tv’s positioning and image building .
vice president programming hum tv maimona siddiqui said , “we have acknowledged most of our programmes from 2012 for the awards . we owe it to the television industry and that’s what we need to celebrate . ”
however , with the launch of bol - the newly launched media enterprise covering television , digital media , print , cinemas , movies , theatres and radio - hum network may face stiff competition . however , by focusing on its strategy to expand the horizons , the company can sustain its market share and revenues . nonetheless , the next few years may prove to be crucial for the firm ' s fate as bol seems primed to come with a boom in the media industry .
the debut film of nabeel qureshi and fizza ali meerza and mehdi ali of filmwala pictures , na maloom afraad will be screened across pakistan on the eve of eid - ul - azha in october . the film will be distributed by everready pictures and hum films .
the business of news channels is not flourishing in pakistan but the entertainment genre has never been more attractive as shown by hum group which made more than rs . 1 billion pre - tax profit for the first time in the financial year 2014 - 15 , through its popular soaps and tv shows .
available jobs at hum network hnl is seeking applications for the following positions . 1 - head of marketing 2 - manager marketing 3 - associate manager marketing 4 - regional gm sales 5 - senior manager sales 6 - manager sales 7 - associate art director 8 - concept / copy writer 9 - gm programming 10 - head of research 11 - gm hr 12 - assistant manager finance 13 - manager administration note : market competitive packages will be offered to selected candidates including salary , provident fund , medical insurance , group life insurance , bonuses , annual paid leaves , & company maintained vehicle / allowance as per the company policy . all positions are based in karachi .
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during the last financial year 2014 - 15 , the group has made special investment on its flagship events such as “the 3rd hum awards” held in dubai . it also spent heavily on events like fashion pakistan week , masala family festival and bridal couture week which proved to be very popular among the advertisers and viewers alike .
the company received its first up - linking license for
hum tv
to operate as an international satellite television channel in october 2004 from pakistan electronic media regulatory authority ( pemra ) for a period of 15 years . being the first ever stock exchange listed company in electronic media in pakistan , hnl went live with its first channel
hum tv
in january 2005 . the company after acquiring its own state of the art up - linking equipment started up - linking directly from the company head office in karachi . the up linking equipment was purchased by the company in march , 2006 and the company first uplinked directly from pakistan on march 23rd 2006 .
humnl has been receiving great response from both viewers and advertisers for a new celebrity talk show ‘tonite with hsy’ launched by ‘hum sitaray’ . furthermore , couple of dramas and a game show with a name ‘jeet ka dum’ are contributing to the bottom - line due to strong cast , story - line and overwhelming response from the audience .
moreover , its publications include masala tv food magazine , humsay , catalogue ( a bridal couture week magazine ) , and style g . l . a . m . to this end , its recent acquisition of newsline magazine , which is considered to be one of the leading social political magazines in pakistan , is likely to add further appeal to its hum ' s brand name .
this research was supported by the research network on mental health and the law of the john d . and catherine t . macarthur foundation , chicago , ill , and by grant r0149696 from the national institute of mental health , rockville , md . during the writing of this article , dr appelbaum was the fritz redlich fellow at the center for advanced study in the behavioral sciences , stanford , calif ; he acknowledges the support of the center ' s foundations fund for research in psychiatry and nsf grant sbr - 9022192 .
its channel hum sitaray is also doing well and the company is aiming to build a niche for this channel in the entertainment genre . on the cost side too , the company is doing a fantastic job . cost of production has been kept under control while transmission cost is on a decline . this has fared well for the company in terms of expansion in gross margins that ballooned by a healthy 400bps to 50 percent during the period .
mr . khalid soorty khalid soorty , vice president programming of hum sitaray has been associated with hnl since 2011 and has been a part of the media industry for the past 2 decades . after a long run as a freelance producer / director he joined aaj tv and was head of infotainment and subsequently played a key role as the coo in the launching of play tv ; the first music and lifestyle channel in pakistan . as director features at dawn news tv he achieved all targets assigned to him by successfully revamping and restructuring the entire department dynamics , budgets etc . , which resulted in high quality programming and , increased profitability .
logistic regressions controlling for demographic characteristics , social desirability scores , and all possible interactions of these variables for each follow - up period produced limited evidence of the effect of patient status and strong evidence of the effects of drug and alcohol symptoms ( table 5 ) . the patient sample exhibited significantly higher rates of alcohol or drug abuse symptoms than the community group during the first four 10 - week follow - up periods and in terms of violence and other aggressive acts there were significant ( p < . 05 ) main effects for alcohol and drug abuse symptoms at each of the follow - up periods . significant differences between the community and patient groups ( controlling for demographics , social desirability , and mast / dast symptoms ) were found during the first 10 - week follow - up period for violence ( χ 2 = 6 . 81 , df = 1 , p < . 01 ) and during the second 10 - week follow - up period for other aggressive acts ( χ 2 = 5 . 89 , df = 1 , p < . 05 ) . there were no significant interactions between drug and alcohol symptoms and patient status at any of the follow - up periods .
patients were recontacted in the community by the research interviewers and interviewed 5 times ( every 10 weeks ) for 1 year from the date of discharge . patient interviews were in person ( 89 % ) or by telephone ( 11 % ) . a collateral informant was also interviewed ( in person , 45 % ; by telephone , 55 % ) on the same schedule . during each follow - up , a patient was asked to nominate as a collateral informant the person who was most familiar with his or her behavior in the community . if the nominee did not have at least weekly contact with the subject , the interviewer suggested a more appropriate person based on a review of the subject ' s social network data . collateral informants were most often family members ( 47 . 1 % ) , but were also friends ( 23 . 9 % ) , professionals ( 13 . 9 % ) , significant others ( 12 . 4 % ) , or others ( eg , coworkers , 2 . 7 % ) . patients and collateral informants were paid for their participation . arrest and rehospitalization records were also obtained .
siddiqui elaborated on it further , “awards act like an energy drink for an artist . the awards symbolise that it is time to recognise these artists and celebrate . ”
ramzi hinted at the kind of entertainment they will have in store for the crowd at the event , “it’s going to be a spectacular night and people from across the border are expected to arrive . ” without disclosing the location of the event , she said , “there will be grand appearances and dance and musical performances as well . ”
ramzi said seven categories will be open up for viewers to vote for , after the february 20 till march 5 . the categories in television : best drama serial , best actor ( male ) , best actor ( female ) , best on - screen couple ; in fashion : best model ( male ) and best model ( female ) ; music : best solo artist .
the channel owners hope to add more categories next year and said that the awards ceremony will be an annual feature from 2013 .
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the movie is set for an eidul - azha release along with operation 021 , bang bang and haider .
the movie is set for an eidul - azha release along with operation 021 , bang bang and haider . photo : hassan ansari
much like the infamous ‘ na maloom afraad ’ who wreak havoc in the country , producers of the film , na maloom afraad will follow suit by entering the eidul - azha box office race as potential party spoilers .
given that shaan’s operation 021 , shahid kapoor’s haider and hritik rohsan’s bang bang had already earmarked the eidul - azha week for their respective releases , the nature of the announcement of the release date of the film comes as a surprise .
the decision to release the film was made public in a curtain raiser arranged for the movie at a local hotel in karachi . apart from the principal cast and crew of the film the event was graced by the presence of several members of the pakistani film fraternity .
“we are confident that we have made a quality product , as we believe nma is a completely original film with a great storyline . the rest is up to you ( the audience ) to ensure that pakistani films such as nma and operation 021 do well at the box office and ensure that eidul - azha becomes a pakistani film weekend , ” stated the producer of the film , fizza ali meerza .
the cast of the film comprises of veteran actors javed sheikh , salman shahid , renowned tv actor fahad mustafa along with newcomers mohsin abbas haider and vj urwa hocane .
nma tells the story of karachi and the chaos and madness that encircles the lives of the main characters played by javed sheikh , fahad mustafa and mohsin abbas haider . the director was all praise for the cast and crew of the film and further stated that , “the unique selling point of the film is that it is a completely made in pakistan film . ”
to questions about how the film seems similar to several indian films such as hera pheri and delhi belly , nabeel qureshi confidently answered , “pakistani audiences are not used to seeing quality products when it comes to pakistani films and whenever they see a film that is visually brilliant they tend to assume that it has either been made by or in india . we can assure you that it is completely made in pakistan . ”
the event primarily served the purpose of a music launch for the movie but no song generated as much interest like that of the item song , ‘billi’ . the movie had already generated a lot of buzz when the news had broken that it would be featuring an item song performed by television actress , mehwish hayat .
the soundtrack of the film comprises of nine songs of which seven have been composed by the famed duo of shani - kami .
javed sheikh was of the opinion that this film would be a game changer in the pakistani film industry commenting , “the film has a different story and is 100 % original . if our dramas can be better than indian tv serials then so can our films . ”
the movie has already garnered a tremendous amount of exhibitor interest but cinema owners seem to be in a dilemma about which film to screen . the announcement to release the film on eidul - azha has not only taken cinemagoers by surprise but cinema owners as well .
an official of capri cinema stated that they have signed a priority contract when it comes to the release of pakistani films but they have already entered into a similar agreement with the producer of operation 021 and due to a shortage of screens in capri they might have problems accommodating nma .
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a social comedy thriller , the film revolves around three protagonists and life’s paradoxes .
the star has big plans now and his prime focus will be acting in films and producing dramas .
two pakistani films can be accomodated — it is about time a decision was made to prioritize screenings of local offerings as pakistan is their primary market as opposed to bollywood for which pakistan represents an overseas market for additional revenue . namaloom afraad and o21 can potentially rake in a combined gross of 10 - 15 crore over the eid week if their content is as good as the promos .
great news . at least another pakistani film which not about war on terror or some such thing and is a comedy coming from our own culture .
if there were any direct flights to la this movie could have gone straight to the oscars .
thumbs up for the promo , , , hope , movie will get heads off .
na - maloom afraad set to hit screens on eid - ul - azha - pakistan - dawn . com
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na maloom afraad will face a tough time at the box office , as it comes out alongside two bollywood star - packed films , shahid kapoor’s haider and hrithik roshan’s bang bang . the producers of na maloom afraad are , however , confident their film will draw large crowds .
termed a ' comedy thriller ' , na maloom afraad tells the story of three reckless men chasing their ambitions , and risking their lives in the process . set in karachi , the plot revolves around the frequent chaos that descends upon the metropolis .
the film is a local production in every aspect , from the cast , to the script , to the soundtrack .
the star studded cast includes javed sheikh , fahad mustafa , mohsin abbas haider , urwa hocane , kubra khan , salman shahid and mehwish hayat .
the director , nabeel qureshi has previously made many telefilms and music videos ; his most famous ones include pandora and the president for bnn - a satirical show previously aired on geo news .
the producer , fizza ali meerza is also a known name with dramas like mora piya and the remake of telefilm armaan under her belt . she also penned the script for the film along with the director .
the film’s background scored has been composed by shani - kami and its nine soundtracks was released today . legendary sajjad ali has also lent his vocals for the title track .
bang bang will surely be bollywood junk but haider is a vishal bhardwaj movie starring shahid kapoor and tabu . the real competition will be between that and na maloom afrad .
don ' t worry we the pakistanis will support our celebrities / producers over anyone else . anxiously waiting to see it .
its wonderful watching the revival of pakistan film industry , though steady yet commendable . from melodrama like bol to giggling comedies like khambakt and na maloom afrad . best of luck , guys .
so nice , i like ur page . . . . . . . . . . .
the three - day festival is being organised by the tourism corporation khyber pakhtunkhwa .
power at any cost has been the driving force of the modi regime , leaving the nation volatile and fearful .
the us will seek to exploit iran’s economic vulnerabilities as well as ethnic and religious fissures .
one glance at india’s actions is enough to establish that , far from wanting a normalisation of ties with pakistan , . . .
the pml - n has launched its manifesto for election 2018 with great fanfare , perhaps in an attempt to fight off the . . .
he promised to return to pakistan before leaving the country to visit his ailing wife in london , and now , after his . . .
while all are equal before the law , the quality of judgements and the judicial reasoning offered in important cases , . . .
instead of seeking a political solution to the rising discontent in india - held kashmir , the bjp - led government in . . .
a youth bulge with ready access to smartphones is not an advantage for politicians accustomed to going through the . . .
initial public offering for hnl shares was made in june 2005 and the company was formally listed at the karachi stock exchange in august 2005 .
for the first time in pakistan a company entered into a share split , the board proposed a subdivision of a company’s capital from rs 10 to re 1 per share which was approved in the agm held on october 27 , 2014 .
the authorized and the paid up capital of the company is rs . 1 , 500m and rs . 945m respectively .
1 . glam – showcasing latest trends and teaching its readers how to assume a distinctly chic and modern appearance .
2 . masala tv food mag - about quality home cooking for the people who love to eat and cook .
3 . newsline magazine – socio political magazine featuring aggressive journalism for its readers .
masala tv also launched a series of chef books featuring most sought after recipes of celebrity chefs .
bridal couture week catalogues were introduced to showcase the latest bridal collection of designers featured in ground events .
m / s . kpmg taseer hadi & company chartered accountants 1st floor , sheikh sultan trust building no . 2 , beaumont road , karachi
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the board authorised the company management to do everything necessary to complete all corporate , legal and ancillary formalities related to the execution of the project .
i want to present a better and positive image of pakistan ,
she had said .
thank you president pervez musharraf for giving us free media , which in return provides millions of jobs direct and indirectly .
exploiting the opportunities
like there ' s a shortage of news channels doing so .
titled dhak dhak goal , the chocolate chip cookie attempts to pay a tribute to the global sport of football .
it is worth asking if bureaucrats’ loyalties to parties take precedence over their loyalty to the state .
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( unconsolidated ) profit / loss before taxation rs . in million 778 . 662
( unconsolidated ) profit / loss after taxation rs . in million 728 . 535
( consolidated ) profit / loss after taxation rs . in million 864 . 861
( consolidated ) profit / loss before taxation rs . in million 914 . 988
( unconsolidated ) profit / loss before taxation rs . in million 575 . 589
( consolidated ) profit / loss before taxation rs . in million 631 . 519
( consolidated ) profit / loss after taxation rs . in million 591 . 975
( unconsolidated ) profit / loss after taxation rs . in million 536 . 044
( unconsolidated ) profit / loss before taxation rs . in million 1 , 095 . 402
( unconsolidated ) profit / loss after taxation rs . in million 1 , 015 . 382
( consolidated ) profit / loss before taxation rs . in million 1 , 057 . 596
( consolidated ) profit / loss after taxation rs . in million 1 , 023 . 113
( consolidated ) profit / loss before taxation rs . in million 906 . 776
( unconsolidated ) profit / loss after taxation rs . in million 770 . 334
( unconsolidated ) profit / loss before taxation rs . in million 865 . 247
( consolidated ) profit / loss after taxation rs . in million 811 . 862
( consolidated ) profit / loss before taxation rs . in million 534 . 363
( unconsolidated ) profit / loss before taxation rs . in million 561 . 782
( unconsolidated ) profit / loss after taxation rs . in million 493 . 285
( consolidated ) profit / loss after taxation rs . in million 465 . 866
( unconsolidated ) profit / loss before taxation rs . in million 773 . 237
( unconsolidated ) profit / loss after taxation rs . in million 536 . 935
( consolidated ) profit / loss before taxation rs . in million 722 . 027
( consolidated ) profit / loss after taxation rs . in million 486 . 610
( unconsolidated ) profit / loss after taxation rs . in million 332 . 198
( consolidated ) profit / loss after taxation rs . in million 306 . 134
( unconsolidated ) profit / loss before taxation rs . in million 430 . 266
( consolidated ) profit / loss before taxation rs . in million 404 . 201
( consolidated ) profit / loss after taxation rs . in million 143 . 060
( unconsolidated ) profit / loss after taxation rs . in million 166 . 279
( unconsolidated ) profit / loss before taxation rs . in million 210 . 449
( consolidated ) profit / loss before taxation rs . in million 187 . 230
( unconsolidated ) profit / loss after taxation rs . in million 107 . 310
( consolidated ) profit / loss before taxation rs . in million 153 . 863
( consolidated ) profit / loss after taxation rs . in million 116 . 018
( unconsolidated ) profit / loss before taxation rs . in million 145 . 155
( consolidated ) profit / loss before taxation rs . in million 1 , 035 . 095
( consolidated ) profit / loss after taxation rs . in million 733 . 425
( unconsolidated ) profit / loss after taxation rs . in million 747 . 250
( unconsolidated ) profit / loss before taxation rs . in million 1 , 032 . 669
( unconsolidated ) profit / loss before taxation rs . in million 743 . 312
( unconsolidated ) profit / loss after taxation rs . in million 553 . 497
( consolidated ) profit / loss before taxation rs . in million 706 . 768
( consolidated ) profit / loss after taxation rs . in million 516 . 953
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masala tv food mag an exclusive food magazine carrying recipes in urdu & english . we provide information related to food such as health , valuable tips and also cover interviews about our chefs . masala tv food mag is easily available in the market at an affordable price . catalogue ( a bridal couture week magazine ) timeless elegance showcases the best of the best bridal couture designs that were featured in the glamorous pantene bridal couture week brought by style360 . the second catalogue to be brought out by style360 , this time round it is bigger , better and beautifully compiled . the ensembles of every participating designer in the show have been vividly presented so as to bring out their intricacies and their finely crafted embellishments . a must - have for every bride - to - be and every woman planning a wardrobe for a family wedding .
style g . l . a . m a classy magazine to be launched , that brings fashion , lifestyle , glamour , and information about the arts and media to its readers , it is fun - filled and reader - friendly . catch up on the latest gossip ; read candid confessions ; learn about the new products introduced especially through our pages by designers ; read interviews of celebrities that avoid the press ; look for yourself and your friends in exclusive pictures taken around the talk - of the - town events in pakistan .
what adds to the company ' s charm is that it continues to invest in new ventures that have high growth potential and its positive impact is written all over the company ' s financials . its profitability and revenues are growing at a rapid pace and this is perhaps the reason why investors at stock exchange are gung - ho about its shares .
it is interesting to note that the company marked its entry as being the first ever listed company in electronic media in pakistan . its shares were put on offer on the stock exchange through an initial public offering during the year of its launch .
burgeoning revenues continue to be a highlighting trait for this media company . during nine months ending march 2015 , net revenues grew by 28 percent over the corresponding period last year . it is interesting to note that advertising revenues contribute a bulky share of approximately 90 percent to revenues of the company , while the rest is shared by production revenues and subscription income . the share of digital revenues is , however , negligible as the segment is known to be in its infancy stages . but as the segment grows , its contribution is likely to serve as an added .
besides , its financial cost has inched up a tad owing to a sudden rise in liabilities against assets subject to finance lease . yet , the impact of financial cost on profitability still continues to be insignificant in proportion to its revenues .


lasmo plc was a leading british oil and gas exploration and production business .

it was listed on the london stock exchange and was a constituent of the ftse 100 index .

lasmo

back in 1994 , the unsuccessful enterprise oil bid for lasmo came at a low point in the oil cycle , shortly after a lasmo rescue rights issue .
oil group lasmo falls to £2 . 7bn italian bid | business | the guardian
the bid significantly outstrips an offer that lasmo received from us firm amerada hess last month .
mortished , carl ,
enterprise ' s 1 . 5bn bid for lasmo flops ,
lasmo .
the oxford dictionary of abbreviations . . retrieved july 09 , 2018 from urltoken urltoken
the uk ' s leading independent oil producers lasmo and enterprise have confirmed they are in merger talks .
lasmo ' s popularity is due to its significant body of potential oil reserves in north africa and the north sea .
lasmo said in a statement :
lasmo is in discussions with a number of parties on a range of strategic initiatives , one of which is an evaluation of a possible merger with enterprise oil .
meanwhile , enterprise confirmed
it is in exploratory discussions with lasmo , which may or may not lead to a merger between the two companies
.
enterprise oil and london and scottish marine oil ( lasmo ) decide not to merge and exploration begins in western siberia .
lasmo .
the oxford dictionary of abbreviations . . encyclopedia . com . ( july 9 , 2018 ) . urltoken
eni lasmo opsus share price . lsmo - stock quote , charts , trade history , share chat , financial terms glossary .
the financial times reported that enterprise and lasmo again struggled over whether to merge in 1999 , hoping to integrate their operations . the companies ultimately decided against the merger because of differing visions and strategies . lasmo and british - borneo were later acquired by eni .
eni , the world ' s fifth largest oil company , has launched a bid for uk independent oil and gas firm , lasmo .
the two companies have already begun rationalising with lasmo planning to cut its london head office staff by up to 60 % to save £30m .
eni would also win a foothold in oil hotspot venezuela and the asian gas market , if the bid is approved by lasmo ' s shareholders .
eni recommended cash offer by lazard and j . p morgan on behalf of agip investement for lasmo ' [ 21 dec ' 00 ] - eni
all this attention is a novelty for lasmo , which has tried to sell itself to no avail over the last few years . although many oil stocks have benefited from rising prices , shares of lasmo , which is perceived as too small to remain competitive , have lagged those of competitors .
that spelt the beginning of the end of lasmo ' s days as a stand - alone company . in the process of sounding out the market about sales of particular assets , including negotiations with amerada over a stake in its venezuelan possession , the lasmo management landed an offer for the whole company .
lasmo is one of the uk ' s last remaining independent oil and gas companies , its former rival british borneo being bought up by eni in march .
now lasmo and enterprise have been forced to consider a ' defensive merger ' . aside form cutting costs a merger may help save both from bigger predators .
analysts said that only lasmo ' s 1999 purchase of rival monument oil and gas , for £460m in shares , saved it from a cashflow and debt crisis .
lasmo , on the other hand , found its fortunes declining , reaching the nadir following a disastrous 1991 takeover of another oil and gas company , ultramar . financial pundits delighted in repeating the joke of lasmo ' s strange arithmetics : how to add a £1 billion company to another £1 billion company and end up with - - a £1 billion company . losing money , seriously strapped for cash , and staggering under a backlog of debt , lasmo appeared ripe for takeover - - or so enterprise thought .
by the end of last year , lasmo ' s situation was completely changed , with the oil price at historic highs . under pressure from shareholders to give something back , lasmo said it would return money through a share buyback . it had already earmarked about £40m to return and was expected to make asset disposals to give more back .
eni is also taking on board £650m of lasmo debt and will end up providing compensation of $ 40m ( £27m ) to amerada to cover the costs of its unsuccessful bid . analysts said the total outlay meant eni would be paying around market value or about $ 5 . 80 a barrel for lasmo ' s 850m barrels of proven reserves .
eni , the former state - owned italian oil and gas group , swooped yesterday to win control of lasmo after topping an offer from amerada hess with an agreed £2 . 7 billion bid .
amerada hess , which is based in new york , said it did not intend to increase its offer after a decision by lasmo ' s board to change its recommendation in favour of eni .
lasmo was founded in 1971 to explore in the north sea . the company struck lucky three years later with the discovery of ninian oil field , one of the largest uk finds in the region . that allowed lasmo to float on the market in 1977 . during the 1990s the company , the second - largest uk independent after enterprise oil , expanded into indonesia , algeria , pakistan and venezuela .
lasmo was also in trouble for another reason at that time . it had overpaid , in 1997 , for entry into the venezuelan market when it shelled out $ 453m in cash for the dacion field .
michael spohn , an analyst at petroleum research group , a new york energy consultancy , said :
lasmo has been in the penalty zone since the enterprise bid , and the stock price has reflected that .
lasmo shares have lost around 70 % of their value from their 1998 peak at 305 pence as oil prices fell , slashing profit margins . they closed on friday at 90p , a 12 - year low .
the boards of eni and lasmo have agreed a 200 pence per share cash offer , valuing the firm at £2 . 7bn ( $ 3 . 95bn ) , around 12 % higher than the bid from amerada hess .
although yesterday ' s bid came at a 28 per cent premium to lasmo ' s closing share price on friday , there was no premium to lasmo ' s net asset value of 180p a share . the offer is 125p a share in cash , with the rest in amerada shares . analysts said the offer price was
mean
. agreed bids would normally command a premium to net asset value . nevertheless , the deal is likely to go through .
the attraction of lasmo to amerada is not so much its north sea assets , which still make up half its production , but its position in these more far - flung places . amerada is already a big north sea operator .
the acquisition of lasmo allows us to speed up our production targets . we will beat our 1 . 5m barrels per day target outlined in the strategic plan for 2003 ,
says vittorio mincato , chief executive of eni .
eni has already picked up a distressed british borneo for £263m and was involved in abortive negotiations with lasmo to buy its stakes in algeria and libya , where they are partners in the giant elephant field , before deciding to bid .
in the first half of 1998 lasmo posted a net loss of £5m , down from a profit of £26m ( $ 42 . 6m ) , while enterprise ' s pre - tax profits tumbled to £48m from £146m in 1997 .
eni , the italian national energy company , last night swiftly wrapped up an agreed £2 . 7bn cash takeover of lasmo , the independent british oil and gas group , after swamping an earlier bid from its us rival , amerada hess .
mr minchato , who paid £788m for british borneo , another uk oil
minnow
, earlier this year , said the lasmo acquisition would enable eni to reach its target of 1 . 5m barrels of oil per day two years early - in 2001 .
the lasmo project is conducted in the framework of phase vi of the research programme of the grimsel test site . gts phase vi runs from january 2003 to 2018 and is dedicated to repository - relevant ( i . e . small to large - scale , long - term ) in - situ experiments ( www . grimsel . com ) . currently ( as per 2015 ) , lasmo is a cooperation project with nagra , súrao and rwm as project partners . the project started in 2013 and is planned to last until 2018 .
joe darby , lasmo ' s chief executive , said :
we are very pleased there is a better offer on the table that reflects a higher value for the business . we have created a company with considerably more market value than the market has recognised .
lasmo rejected a takeover bid by enterprise in 1994 but now the two are talking . the difference between then and now is the world oil price which has steadily fallen in recent years to its lowest level in over a decade , just above $ 10 a barrel .
eni is paying $ 6 a barrel for lasmo , which is roughly in line with what it paid for british - borneo oil and gas p . l . c . earlier this year . eni had also had held talks with repsol ypf of spain earlier this year .
eni bought 376m shares or 28pc of the total in the market after winning irrevocable acceptances from institutions with 25 . 4pc of the equity . amerada bowed out swiftly , declaring it did not intend to increase its share and cash offer worth 180p which valued lasmo at £2 . 4 billion .
the intervention from a long - mooted lasmo suitor surprised the market and came just 10 days after a formal approach for a company unloved by investors . eni is understood to have run the rule over enterprise , the biggest independent oil and gas explorer , but decided it was too expensive .
' ' it ' s an all - cash deal in a sector that ' s been dominated by paper , ' ' said james mezies , head of corporate affairs and strategy for lasmo . ' ' from our shareholders point of view , cash is what ' s relevant . ' '
lasmo , which has 62 % of its activities in oil exploration and production and 38 % in gas , has around 56 % of its proven reserves in indonesia and venezuela , both tough regions eni is keen to exploit and where the italian group believes it can squeeze out greater productivity gains .
mr hitchens of williams de broe said :
sentiment is not strong towards lasmo . historically , it does not have a good record for shareholders . it is not in the same league as enterprise oil . they were looking to return money to shareholders , but decided to go the whole hog .
scrambling to increase oil production abroad as it faces tougher competition at home , eni s . p . a . , italy ' s state - controlled oil company , offered $ 3 . 96 billion today for lasmo p . l . c . , topping a bid from its american rival amerada hess .
in 1994 , lasmo famously saw off a hostile bid from enterprise oil , pitched at 162p a share . six years on , the oil and gas exploration independent is recommending an offer worth not much more - 180p a share , or £2 . 4bn - from amerada hess , the us integrated oil group .
the acquisition , worth £3 . 8bn with the £1 . 1bn lasmo debt eni is taking over , is being financed by a £3bn bridging loan from the italian group ' s banking advisers , jp morgan , which expects it could lead to a further round of consolidation in the global oil and gas industry .
the agreed deal represents a hefty 42 % premium to lasmo ' s closing price on november 13 , the day before amerada declared its bid , and is worth 12 % more than the us group ' s offer . it simply reserved the right to make a revised offer
in the event of changed circumstances
.
the business mix has already been changed significantly . in 1997 , 57 per cent of the capital employed was in refining and marketing . it has since sold $ 2bn of assets and , after the lasmo deal , refining and marketing will take up just 24 per cent of its capital . the rest will be upstream activities .
in a rapidly consolidating industry , a bid for the likes of lasmo was not unexpected . the historically high oil price means boom times for companies in the sector . along with the high - profile marriages of giants , such as bp and amoco , a number of independents , especially in north america , have also come together .
the amerada bid came at the opposite end of the cycle to lasmo ' s two rounds of merger negotiations with enterprise oil . oil mergers during a downturn are a defensive move , based on the need for survival . at the top of the cycle , such as today , it is an aggressive move , predicated on growth opportunities .
for eni , which is 36 percent owned by the italian government , the deal will allow the company to increase production to 1 . 5 million barrels of oil per day , from 1 . 3 million barrels . eni will also gain access to lasmo ' s valuable asian gas reserves at a time when local gas competition is intensifying .
amerada ' s output of 374 , 000 barrels a day of oil , or its gas equivalent , will be combined with lasmo ' s output of 191 , 000 barrels a day . according to amerada , that will make them the biggest independent - a so - called
super - independent
- ranking above unocal , another american player .
paul murray , lasmo ' s finance director , insisted that the independents ' business model was not flawed but admitted that such groups were out of market favour and had difficulty attracting capital funds . it effectively put itself up for sale earlier this year by embarking on a fresh round of asset disposals and share buy - backs to boost its value .
eni ' s offer of 200 pence ( $ 2 . 96 ) a share is 12 percent more than amerada hess ' s offer of cash and stock totaling 179 pence a share , as of wednesday ' s closing price . it also represents a 42 percent premium to the closing price of lasmo ' s shares before the amerada hess offer on nov . 6 .
the recent spate of mergers has largely been conducted by and among the so - called oil majors whose shares have soared after the tripling of crude prices . smaller , independent groups such as lasmo have been relatively shunned by the market , with the british group ' s stock rising just 41p in the past 12 months to 141p before amerada ' s agreed offer last month .
enfin voici le son de l’épisode 12 chanté par lasmo titre diarabi , l’annonce du morceau à été fait dans l’émission de djoutrou « episode 12 » . lasmo nous chante un morceau 100 % diarrabi qui ferra surement plaisir aux amoureux de la chaine . ♛ pour nous suivre ♛ pour ne rater aucune de mes vidéos , abonnes - toi c ' est gratuit : ) ✒ urltoken ✒ contact : h2tvmali @ urltoken ✒ télephone : + 223 93 71 85 63 ★ facebook ➜ urltoken ★ google + ➜ urltoken ★ site web ➜ urltoken 〰 . 〰 . 〰 . 〰 . 〰 . 〰 . 〰 . 〰 . 〰 . 〰 . 〰 . 〰 . 〰 • ~ merci d ' avoir regardé cette vidéo ~ • ☺ prenez soin de vous et à la prochaine ☺ vidéo non sponsorisée / aucun placement de produit © 2017 h2tv | tous droits réservés .
just a few hours after amerada effectively threw in the towel , saying it did not intend raising its 180p a share cash and stock offer , eni disclosed that it had bought a further 28 . 4 % of lasmo ' s shares on top of the 25 % irrevocables it had already acquired from institutions - giving it 53 . 4 % of the 29 - year - old british company just a week after approaching its board .
the company has not created value over the intervening years . shareholders will want to seize this offer with both hands ,
mr spohn said .
peter hitchens , an analyst at williams de broe , the city brokerage , said :
takeovers are no surprise . a lot of [ oil ] companies are awash with cash and don ' t know what to do with it .
the uk overlap between the two companies , which are both active in the north sea fields , will mean a total of about 150 job losses in this country .
the logic of mergers among exploration and production ( e & p ) independents is different to that which has governed the process among the giant companies of the industry . when two giants merge , the emphasis is all on cost - cutting . in the independent sector it is more about gaining critical mass in order to borrow more cheaply ; exploration is a capital - intensive business .
john hess , the chairman and chief executive officer of the us company , said yesterday :
our goal is to increase our reserves to over a third outside the us and north sea , which are getting ever higher cost and more mature . we need access to low - cost assets .
amerada appears to have given up the pretence that it can compete with the big integrated majors . it has downstream refining and retail interests in the us , including hundreds of petrol stations , but it clearly sees its future as an e & p upstream independent .
mr hess said :
we are trying to be a bigger fish in a smaller pond . after this deal , we will have 73 per cent of reserves in five countries . this improves the quality and life of our reserves immeasurably .
the us company will transform itself from the
no man ' s land
of being a mini - integrated operator , dwarfed by the big boys , to the upstream independent sector . here , it can claim leadership .
then , as the oil price hit another low at the beginning of 1999 , the two companies were in merger talks again , but could not agree on a deal .
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the move is part of an ongoing wave of consolidation in the oil industry that has created a new breed of ' super - majors ' including bp , totalfinaelf and exxonmobil .
that has left eni in danger of falling behind its key rivals , and it has become the centre of talk and speculation about mergers and acquisitions .
and the deal could generate synergies of about 80m euros ( £49 . 7m ) a year , according to eni ' s estimates .
state - owned eni has substantial gas interests in europe and oil exploration rights in north africa .
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monitoring systems will be necessary to help evaluate the behaviour of repository components , or the impacts of the repository on the environment ( iaea 2001 ) . a monitoring programme is typically divided into the three phases , the so called ( 1 ) baseline monitoring , ( 2 ) the monitoring during construction and operational until closure and ( 3 ) post - closure monitoring ( fig . 1 ) .
milestone 1 reflects the end of the implementation phase , which was largely completed before the emptying of lake raeterichsboden in october 2014 ( fig . 2fig . ) . milestones 2 – 4 are the completion of the first status report and annual reports for the years 2016 and 2017 , respectively . milestone 5 will be accomplished with the finalisation of the synthesis report , which is planned for 2018 .
the gts underground facilities are also available to interested 3rd parties for underground testing and research . the gts offers cost - effective access to a fully developed , well characterised underground research facility with round the year logistical support - please contact dr . ingo blechschmidt , head of the grimsel test site , for further details .
it ' s effectively game over ,
banking sources said , as vittorio minchato , chief executive of the world ' s seventh largest energy group disclosed that he expected the deal to be completed by the end of the first quarter of next year .
but the market felt the italian offer represented fair value and was a knock - out blow by a group worth £26 . 4bn . eni is promising cost - savings of €80m ( £48bn ) a year compared with the €130m set out by amerada .
© 2018 guardian news and media limited or its affiliated companies . all rights reserved .
investors in the british oil and gas independent explorer and producer rushed to sell and at the end of the day eni had picked up 53 . 4pc of the equity with its 200p - a - share offer .
the bid immediately renewed speculation about a bid for enterprise , the market leader . the shares jumped 281 / 2 to 557p , valuing the group at almost £2 . 9 billion , with lehman brothers naming enterprise as its favourite bid target among european oil companies next year and pointing out that the stock remains cheap in relation to its us rivals .
louis saha : ' a british bank lost me a six - figure sum . i’m suing’
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the last - minute all - cash bid from eni underscores the urgency among energy companies to increase production through consolidation . that desire is especially acute among european oil and gas companies as local monopolies are opened to competition .
amerada hess ' s shareholders supported the company ' s decision to avoid a bidding war with its larger rival by pushing shares up nearly 7 percent , to $ 66 . 94 .
some of that increase , however , can be attributed to risk arbitragers unwinding their positions in the wake of the deal ' s collapse .
amerada hess still faces pressure to find a partner to bolster its oil reserves and help it move away from refining and marketing activities that are growing slower than exploration and production .
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' ' over the next few years , amerada ' s production will top out , ' ' said eugene nowak , head of north american research at abn amro ' ' they need to make attractive acquisitions that will enhance their production and reserve life . ' '
mr . nowak is nevertheless recommending the stock , because he said the company had been more aggressive than most in signing contracts - - called hedges - - that will protect it against declining oil prices .
potential partners for amerada hess include enterprise oil p . l . c . of britain , and the devon energy corporation of the united states , analysts said , adding that the hess family ' s 15 percent stake in the company makes it a more likely buyer than a target .
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after much speculation , the two companies have confirmed negotiations were underway but stressed that talks were at an early stage and that a deal was by no means certain .
industry analysts say a tie - up would create europe ' s leading oil producer outside the global giants in a deal worth around £2 . 7bn ( $ 4 . 3bn ) .
companies at all levels of the oil industry , big and small , have been forced to clamp down on costs and rationalise operations . increasingly this has led to merger discussions .
global giants bp and amoco and then exxon and mobil teamed up last year in two of the biggest mergers in corporate history .
enterprise oil aspires to be the world ' s leading independent exploration and production company . our vision is to deliver a superior combination of growth in value and financial returns by harnessing the power of our creativity and knowledge with integrity and passion .
enterprise oil shares are listed on the new york stock exchange ; pierre jungels is appointed chief executive .
enterprise oil board accepts $ 6 . 2 billion purchase bid from royal dutch shell , subject to regulatory review and shareholder approval .
the united kingdom continental shelf ( ukcs ) in the north sea remained the company ' s strongest area ; at the end of 1993 , enterprise held interests in 113 blocks in the region , equating to a net acreage of 4 , 704 square kilometers , from which the company drew 72 . 8 percent of its total production . almost from its inception , enterprise concentrated on strengthening its u . k . interests through acquisition and exploration .
in 1985 during its first full year of operations , the company purchased tanks oil and gas , and agreed to a farm - in deal with conoco , and acquired saxon oil . two years later the company enhanced its international oil and gas interests and position considerably with the acquisition of imperial chemical industries ( ici ) . this coup , however , was to be overshadowed by another venture enterprise was simultaneously - - and secretively - - planning : the nelson project .
in 1989 , enterprise further consolidated its position in the ukcs by acquiring the non - u . s . interests of texas eastern . in 1991 , through a joint arrangement with the french company elf aquitaine , enterprise acquired all of occidental overseas ltd . ' s north sea license interests ; as a result , the company also obtained a one - third interest in elf enterprise petroleum ltd . ( eep ) , the holding company of occidental ' s former u . k . assets . another important ukcs interest was enterprise ' s stake in the scott oil field , which began production in 1993 .
enterprise ' s activities in the north sea include projects in norway as well . the company ' s operations on the norwegian continental shelf began in 1989 , when it formed enterprise oil norge ltd . with the norwegian interests it had acquired from texas eastern . over the next four years , enterprise built up its presence in the area . at of the end of 1993 , it held interests in 24 blocks totaling 1 , 201 square kilometers . early in 1994 the company clinched a deal to finance a three - year norwegian north sea exploration in exchange for the right to farm into three licenses held by esso norge - - thus increasing its net acreage on the norwegian continental shelf ( ncs ) by 25 percent .
by march 2001 , enterprise had interests in ten producing fields on the norwegian continental shelf and one in denmark , exceeding 100 , 000 barrels per day for the first time in 2000 . six out of seven wells drilled in the area were successfully producing . the jotun field alone produced 130 , 000 barrels per day during 2000 .
the north sea has historically been and still remains enterprise ' s primary area of operations , but the company is increasingly developing international interests as well . it first targeted italy for exploration in 1985 , with successful results . enterprise opened a rome office in 1988 and within four years had discovered three promising sites for exploitation : monte alpi , tempa rossa , and cerro falcone . with enterprise ' s later partnership with eni , the italian state oil company , in the lucrative val d ' agri development , italy became one of the company ' s three core areas of exploration and production .
enterprise lived up to its vision of applying creativity for growth in financial returns in 1996 . as stated in hart ' s petroleum finance week , elf enterprise petroleum ( eep ) sold its 63 . 7 million shares amounting to 12 . 9 percent of enterprise oil plc following reorganization . hart ' s states ,
enterprise estimates that it will assume £118 million ( us $ 177 million ) of net debt in return for mature oil and gas assets provisionally valued at £219 million ( us $ 328 . 5 million ) as a result of what amounts to a reverse merger .
enterprise continued to be pursued by possible suitors , reported the oil daily in 1996 . the company ' s
value has been pegged at us $ 2 . 5 billion to us $ 3 billion .
unsurprised , enterprise oil finance director andrew shilton said that the numerous takeover battles
have piqued interest in independents such as his firm .
in 1998 , enterprise and eex , an independent based in houston , texas , encountered hydrocarbon - bearing sands in two blocks in deep water in the gulf of mexico , the oil daily reported . in fact , enterprise set a record for the deepest well in the area at 27 , 864 feet .
people think that the gulf of mexico is played out , or overcompetitive ,
said chief executive of enterprise jungles pierre .
but even in the shallow waters , chevron announced recently the discovery of 1 tcf ( trillion cubic feet ) of gas
off the coastline of new orleans .
the market possibly does not realize that 1 tcf of gas in the shallow waters of the gulf of mexico is worth around $ 1 . 5 billion , whereas 1 tcf in the caspian is worth nothing .
because of technical problems in the north sea and delays on sites in italy , enterprise ' s share price fell when it could not meet its reduced production target of 255 , 000 boe / d for the year , about 8 percent below expectations . this setback did not keep the company from targeting an output of 350 , 000 to 360 , 000 beo / d by mid - decade .
in late 2001 , enterprise apparently received another takeover bid , but turned it down after lengthy negotiations , refusing to identify the potential buyer . however , the weekly petroleum argus speculates that the much larger italian eni may have been the bidder . the knight - ridder / tribune business news suggests that eni was prepared to pay £3 . 4 billion for the company .
in january 2002 , petroleum intelligence weekly interviewed u . k . energy minister brian wilson who said ,
the demise of enterprise would be bad news for the u . k . north sea , which , as a mature province , has become increasingly dependent on smaller players with low - cost bases squeezing value out of smaller fields .
he said the government policy of encouraging independents such as enterprise in the north sea was producing ' great results . '
he added that there was no guarantee that those projects deemed attractive to independents would appeal to a state - owned oil giant like eni .
principal subsidiaries : enterprise energy ireland ltd . ( ireland ) ; enterprise oil do brasil ltda . ( brazil ) ; enterprise oil exploration ltd . ( greece ) ; enterprise oil exploration plc ( scotland ) ; enterprise oil italiana spa ( italy ) ; enterprise oil middle east ltd . ( iran ) ; enterprise oil norge ltd . ( norway ) ; enterprise oil services inc . ( usa ) .
principal competitors : british petroleum ( bp ) ; shell oil company ; kerr - mcgee .
elf enterprise finance sells its 12 . 9 % stake in enterprise oil following reorganization ,
hobday , nicola ,
shell buys enterprise oil for $ 6 . 2b ,
washer , jim ,
sam ' s plan fails to convince enterprise investors ,
energy intelligence briefing , february 5 , 2002 , p . 1 .
source : international directory of company histories , vol . 50 . st . james press , 2003 .
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despite the widespread recognition of the vulnerability of deepwater chondrichthyan fishes ( sharks , batoids and holocephalans ) to overfishing and their potential inability to recover from depletion , there is a lack of a concise overview of the present status of knowledge concerning the biodiversity and life history of this group . this report provides a global review of this data , together with fisheries information in order to provide a sound summary to inform future research , conservation and management directions .
for the purposes of this project , deepwater chondrichthyans have been defined as those sharks , rays and holocephalans whose distribution is predominantly at , are restricted to , or spend the majority of their lifecycle at , depths below 200m . this depth is generally recognised as the continental and insular shelf edge , and therefore , deepwater species are those occurring on or over the continental and insular slopes and beyond , including the abyssal plains and oceanic seamounts .
of the global chondrichthyan fauna ( 1193 species ) , 581 species are considered to be deepwater ( 48 . 7 % of the global total ) . the deepwater fauna is divided between 278 sharks ( 55 . 8 % of global ) , 257 batoids ( 39 . 8 % of global ) and 46 holocephalans ( 93 . 9 % of global ) . the bulk of the deepwater shark fauna is attributable to the squaloid dogfishes ( order squaliformes ) and scyliorhinid catsharks ( order carcharhiniformes , family scyliorhinidae ) , together comprising 84 . 5 % of deepsea sharks . three families of skates ( arhynchobatidae , rajidae and anacanthobatidae ) dominate the deepwater batoid fauna , together comprising 89 . 9 % of deepsea batoids . a full annotated checklist of deepwater chondrichthyans is incorporated into the report .
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