STRATEGISING FOR GROWTH We aspire to be a leading upstream oil and gas company in the Asia Pacific region RH Petrogas Limited FY2014 Results Briefing March 2015
Asia focused, with a balanced upstream portfolio China FUYU-1 PSC Jilin, China W.I. 100%* Malaysia SK 331 PSC Area 255 km2 W.I. 40.8% Operator RHP Area 11,600 km2 PSC Expiry By 2038 Operator RHP *CNPC back in for 51% upon…
Achieved production growth through effective operational initiatives Production Volume 2014 production grew BOEPD 7% y-o-y 5,000 4,370 4,100 5 wells put on production from 4,000 9% 15% recent discoveries 3,000 Continual…
Stronger reserve base with resource upgrade from Fuyu development Reserve Replacement 2P,MMBOE 25 20 2013: +160% 15 +2.4 11.9 -1.6 Company is reviewing the 11.0 -1.5 reserves & resources with 10 the assistance of…
Financial performance affected by impairment & write-off amid challenging environment Group Year Year % 2014 2013 Change US'000 US'000 Revenue 75,234 86,393 (13%) Cost of sales (62,186) (58,720) 6% Gross profit 13,048 27,673…
Maintain discipline in capital management Revenue EBITDAX (1) US MM US MM 100 89.4 40 86.4 86.4 34.0 75.2 30.8 28.9 (2) 21.0 50 20 0 0 2011 2012 2013 2014 2011 2012 2013 2014 (US MM) (As at 31 December 2014) Debt…
2014 Highlights FY2014 net working interest production increased 7% from 4,100 BOEPD to 4,370 BOEPD Fall in oil price impacted on revenue and EBITDAX for FY2014 EBITDAX of US21.0 MM for FY2014 US36.7 MM cash balance at end-Dec…
Basin PSC and Island PSC Proven assets with active strategies to enhance production Basin PSC, Indonesia North Klalin received plan of development (POD) approval in Jan 2015 - 4 development wells planned South East Walio POD pending…
Fuyu- 1 PSC Forging ahead to unlock value 1H2015 2015 Preparation for Plan to drill Dec 2014 production 40 to 100 Drilled and commencement wells completed 15 Oct 2014 wells ODP approval from NDRC 1,008 low- cost shallow…
West Belida PSC Jambi Reviewing block prospectivities Central Palembang and future strategies Sub basin Surface geological mapping completed in southeast area in early 2014 Passive seismic survey results expected to be ready in…
SK 331 PSC Successfully farmed down for risk mitigation, while keeping a sizable exposure to upside Have fulfilled most work commitment under the 3- year exploration work programme Extension of exploration period by one year to Dec…
2015 Work Programme Asset Q1 2015 Q2 2015 Q3 2015 Q4 2015 Well workover and maintenance Basin PSC 4 development wells Well workover and maintenance Island PSC Pre-FEED Study for Koi and TBC Passive seismic analysis and West…
2015 Outlook Challenging oil price environment Diverse oil price projections from 20 to 100 How long will OPEC maintain supply to squeeze out the high cost producers Demand for oil is still there Operation optimization Reviewing…
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