ENI IS EXPLORATION LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +23%

  £1,515,287 → £1,863,647

• Net assets

  0%

  £169,977,573 → £169,977,573

• Employees

  —

  Not reported

• Operating profit

  -101.1%

  £25,601,405 → -£279,584

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. ENI IS EXPLORATION LIMITED 2023-03-01 → present
2. BP EXPLORATION (ALGERIA) LIMITED 2005-04-20 → 2023-03-01
3. BP EXPLORATION (IN SALAH) LIMITED 1995-11-03 → 2005-04-20
4. B P PETROLEUM DEVELOPMENT OF INDONESIA LIMITED 1970-02-19 → 1995-11-03

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has a net current asset position of $2,594,000 as of 31 December 2024 (2023: $2,594,000) and a cash and cash equivalent balance of $2,493,000 (2023: $2,027,000). The directors are satisfied that the company has adequate financial resources to continue to operate for the foreseeable future being not less than twelve months from the date of signing these financial statements and meet its obligations as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. ENI IS EXPLORATION LIMITED · parent
   1. Eni In Salah Limited 60.5% · Nassau (Bahamas) · Development and production of gas in Algeria through In Salah project

Significant events

• “On 6 September 2022, Eni Algeria Exploration B.V. signed an agreement with BP Exploration Operating Company Limited ("BP") and ARCO EI-Djazair Holdings Inc. to acquire BP's upstream business in Algeria... The completion date of the transaction was 28 February 2023. On 1 March 2023, the name of the company was changed from BP Exploration (Algeria) Limited to Eni IS Exploration Limited. Following completion of the transaction the immediate parent undertaking is Eni Algeria Exploration B.V.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.