AGM presentation Building a platform 18 May 2011 f growth for th
DRAGON OIL TODAY Dragon Oil is a leading independent international oil and gas g exploration, development and production company Premium listing on the London Stock Exchange and primary listing on Russia Kazakhstan the…
2010 HIGHLIGHTS A REMARKABLE RECORD YEAR Net profit up 49% Record exit production rate of over 57,000 bopd achieved and maintained in 1Q11 Integrated network of 30-inch trunkline, associated in-field pipelines and expanded CPF…
DRILLING FACILITIES AND INFRASTRUCTURE UPGRADE D h it Dzheitune (L ) (Lam) 9 platforms Third new platform (C) expected in Q4 2011 54 new wells completed Dzhygalybeg (Zhdanov) 3 platforms First new platform (A) expected…
DRILLING FACILITIES AND INFRASTRUCTURE UPGRADE (continued) Major j infrastructure upgrade pg completed p 30-inch 40 km subsea trunkline from Block 2 to the CPF Three associated in-field pipelines in the Dzheitune (Lam) Western…
SUBSTANTIAL DRILLING PROGRAMME 2011 drilling programme: 11 wells planned three wells are already completed Workover programme is ongoing Well Rig Completion Depth Type of Initial test date (metres) completion rate (bopd)…
MARKETING ARRANGEMENTS Dragon Oil strategically has used two marketing routes in the past, via Neka, Iran and Baku, Azerbaijan When the Wh h IIranian i swap agreement expired, i d we were able bl to secure a new contract for…
RESERVES AND RESOURCES Gas reserves of 260 mboe on 31 December 2010 conversion of gas resources to 1.6 TCF of gas reserves Proved and Probable Oil and Gas Remaining Recoverable Condensate (TCF) Reserves (m bbls) Gross oil &…
STRONG PRODUCTION GROWTH Average gross production in 2010 rose 5.5% to 47,211 bopd (2009: 44,765 bopd) Constrained by infrastructure bottlenecks, bottlenecks which have been removed following the switch over to the integrated…
GAS MONETISATION 2013-14 Chemical Plant Gas Export GTP to be 2011-12 constructed OLD 12 to Govt Network TRUNKLINE Compressor station Process gas to and connecting various export specifications Planned Gas pipeline to be…
DIVERSIFICATION STRATEGY Oil and gas Corporate and asset reservoirs shallow reservoirs, acquisitions water, offshore and onshore operations North, West and East Africa, the Assets with appraisal Middle East, Central…
2010 INCOME STATEMENT USm 2010 2009 Change Comments R Revenue 780 4 780.4 623 5 623.5 25% 17% iincrease iin realised li d crude d oilil prices i and d 3% increase in sales volumes Cost of sales (264.7) (282.3) 6% Movement in…
2010 CASH FLOW Cash flow in 2010 (USm) Investing Operations Net cash from operations up 19% +27 Capital expenditure in 2010 was US460m - 424 Financing and US424m cash outflow after movement in +595 payables +1 Cash maintained…
DIVIDEND POLICY Historically, cash generated has been reinvested in business to fund development of asset in Cheleken Contract Area, Turkmenistan The Board of Directors of Dragon Oil decided to introduce a dividend policy in…
Corporate Social Responsibility www.dragonoil.com 17
DEPENDABLE AND ETHICAL CITIZEN Our people Employing and developing Turkmen nationals Professional P f i l training t i i courses andd iinternships t hi iin HQ Targeted programmes for high-potential employees Centre of…
Outlook www.dragonoil.com 19
OUTLOOK FOR 2011 AND MEDIUM TERM 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 2011-13 Drilling g Lam 28/152 One well from Three wells Four wells from Upp to 40 wells, and Lam B/153 Platform B; from Platforms Platforms 28, B incl.…
OUTLOOK FOR 2011 AND MEDIUM TERM (continued) 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 2011-13 Gas Proceed with the plan for optimising the GTP, conduct a tender and proceed with GTP with initial developments construction capacity of…
CONTACT DETAILS For further information please contact Media enquiries + 44 (0)20 7638 9571 Citigate Dewe Rogerson Martin Jackson George Cazenove Investor and analyst enquiries + 44 (0)20 7647 7804 Dragon Oil plc Anna…
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