Pacific Energy : Appendix 4D - Half Year Report

Pacific Energy Limited (PEA)

22 009 191 744

Appendix 4D - Half Year Report for six months ended 31 December 2016

1.	Details of reporting periods:
Current reporting period	: Six (6) months to 31 December 2016
Previous corresponding period	: Six (6) months to 31 December 2015

1. Results for announcement to the market:

   Six Months 31 December 2016 $'000	Six Months 31 December 2015 $'000	% Change
   Revenues	29,019	24,430	19%
   Profit after tax	9,006	7,296	23%
   Profit after tax attributable to members.	9,006	7,296	23%

   Commentary on the above figures is included in the accompanying ASX Announcement and the attached Interim Financial Report for the half year ended 31 December 2016.

   Dividends / distributions	Amount per security (cents)	Franked amount per security (cents)	Amount $'000	Amount per security of foreign sourced dividends (cents)	Record date	Date paid / payable
   Interim dividend - current period	1.0	1.0	3,702	-	06/03/17	10/04/17
   Interim dividend - previous period	1.0	1.0	3,701	-	07/03/16	13/04/16

2. Statement of comprehensive income

   Refer to attached Interim Financial Report for the half year ended 31 December 2016.

3. Statement of financial position

   Refer to attached Interim Financial Report for the half year ended 31 December 2016.

4. Statement of cash flows

   Refer to attached Interim Financial Report for the half year ended 31 December 2016.

5. Dividend payments

   The Company paid a final 30 June 2016 fully franked dividend of 1.5 cents per share, $5.6 million on 13 October 2016 (2014: $5.5 million).

6. Dividend reinvestment plans

   Not applicable.

7. Statement of changes in equity

   Refer to attached Interim Financial Report for the half year ended 31 December 2016.

8. Net tangible assets per security

   31 December 2016 Cents	30 June 2016 Cents
   Net tangible assets per ordinary security	33.8	32.3

9. Gain or loss of control over entities

   Refer to attached Interim Financial Report for the half year ended 31 December 2016.

10. Associates and joint ventures

    Not applicable.

11. Other significant information

    Not applicable.

12. Foreign entities

    Not applicable.

13. Status of audit

The Interim Financial Report for the half year ended 31 December 2016 has been audit reviewed and is not subject to dispute or qualification.

PACIFIC ENERGY LIMITED ABN 22 009 191 744 INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2016 Corporate Directory

Directors Mr M Cliff Lawrenson Non-Executive Chairman Mr James D Cullen Chief Executive Officer & Managing Director Mr Kenneth J Hall Executive Director Mr A Stuart Foster Non-Executive Director Mr Linton Putland Non-Executive Director Joint Company Secretary Ms Adela Ciupryk Mr Michael Kenyon Registered & Principal Office 338 Gnangara Road LANDSDALE WA 6065 AUSTRALIA Telephone: [phone] Facsimile: [phone] Email: [e-mail] Website: www.pacificenergy.com.au www.kps.com.au www.kpspowerafrica.com Postal Address PO Box 5 KINGSWAY WA 6065 AUSTRALIA

Share Registry Computershare Investor Services Pty Limited GPO Box 2975 MELBOURNE VIC 3001 AUSTRALIA Telephone: [phone] (within Australia) [phone] (outside Australia) Facsimile: [phone] Auditor Crowe Horwath Perth Level 5, 45 St Georges Terrace PERTH WA 6000 AUSTRALIA Bankers Australian & New Zealand Banking Group Limited 77 St Georges Terrace PERTH WA 6000 AUSTRALIA Solicitor DLA Piper Level 31, Central Park 152-158 St Georges Terrace PERTH WA 6000 AUSTRALIA Stock Exchange Listing Australian Securities Exchange ASX Code: PEA

PACIFIC ENERGY LIMITED Interim Financial Report 31 December 2016