2nd Quarter 2013 Operating and Financial Results August 7, 2013
Q2 2013 Results at a Glance (vs. Q1 2013) 6% EBITDAX(1) US80mm Last 12 months EBITDAX(1) US270mm 10% Production 1.85mmboe Production grew to over 15,000 boe/d (net of royalties) (1) See Non-IFRS Financial Measures above.…
Eagle Ford Focused Developing highly contiguous 79,900 gross (22,000 net) acres in the Sugarkane field KEY METRICS Market Cap (1) (US) 1.33 billion 94% held by production Cash (US) 165 million Q2 2013 average production: Total…
2013 Update Mid-year operations update 79 gross new producing wells during first half of 2013 16 net new wells 11 acquired net wells Average daily production for quarter increased 9% to 15,040 net boe/d vs. first quarter 2013 8…
2013 Update (continued) Additional reserve potential of Sugarkane Positive preliminary Austin Chalk results from 4 pilot wells Evaluating Wilcox and Pearsall Mid-year financial performance 6 months EBITDAX(1) of US156mm Development…
Operational Overview
Quarterly Production Growth Aurora Quarterly Net and Gross Daily Production 2012 / 2013 25,000 Average daily liquids hydrocarbons (boe/d) 20,000 Average daily gas rate (boe/d) Average Daily Production (boe/d) 15,000…
Operational Highlights New drilling techniques enhance already strong economics Longer laterals Pad drilling Down-spaced operated Eagle Ford to 40 acres Expect 4th quarter release on non-operated increased density New completion…
Operated Position 100% operated interest in 2,700 net acres in Karnes and Atascosa counties - all held by production(1) Acquired 11 producing wells 6.7 mmboe net 1P reserves, 84% liquids(2) Q2 2013 average daily gross production of…
Non-Operated Position Low risk, fully delineated Eagle Ford position 19,100 net acres (1) 800 gross proved well locations on predominantly 80 acre spacing WI% from 28% to 36% in Karnes, and 9.1% in LONGHORN - 31.9% 28,400 gross /…
Update on Increased Density and Austin Chalk Eagle Ford Down Spacing 13 wells in pilot program have 6+ months of production history Results indicate comparable performance to 80 acre type curve More than 25% of Eagle Ford wells…
Financial Overview
Development Driving Profitability Quarter by Quarter growth rates Revenue(1) (USmm) Revenue(1) (US mm) EBITDAX(2) (USmm) Average Production (boepd) CQGR 25% CQGR 26% CQGR 25% 20,380 134.2 80.4 Q2'13 15,040 Q2'13 Q2'13 127.5 75.6…
Aurora Production Mix and Netbacks Q2 2013 High Valued, Liquids weighted Gas 20% Oil 39% Based on gross Q2 2013 production of 1.85 mmboe NGL 17% Production Operating Netback US46.15/boe EBITDAX(1) US43.35/boe Cond 24% NPAT…
Well Capitalised US millions Jun 30 2013 Strong liquidity with US165mm Cash 165 cash and 200mm undrawn credit facility Credit Facility - 9.875 % Senior Notes due 2017 365 No principal maturities until 7.50 % Senior Notes due 2020…
Hedging Summary as of August 1, 2013 Collars Swaps Total Volume (no premium) WTI (1) LLS (1) WTI (2) Hedged Oil Avg. Hedge Oil Avg. Hedge Oil Avg. Floor Avg. Cap Oil % of Estimated Hedged Price Hedged Price Hedged Price Price…
Summary Pure Eagle Ford Shale producer Rapid production, revenue and profit growth Oil and condensate focused growth in reserves Strong management team and experienced partner Fully funded with capital allocation…
Appendices
Financial Summary Selected Financial Data Selected financial data Qtr Qtr Qtr Qtr Qtr 12 Months to (US in thousands) Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Jun-13 PRODUCTION: Tota l net producti on (boe) - pre-roya l ty 761,135 1,152,981…
Funds from Operations Reconciliation Three months ended LTM Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Jun 30, 2013 US'000 US'000 US'000 US'000 Net profit after tax 25,694 29,611 23,798 95,116 Add/(less) non-cash items Depletion,…
EBITDA/EBITDAX Reconciliation Three months ended LTM Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 June 30, 2013 US'000 US'000 US'000 US'000 Net earnings after tax 25,694 29,611 23,798 95,116 Adjustments: Share based payments expense…
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