Aurora Oil & Gas Limited 2012 Full-Year and Fourth Quarter Results February 28, 2013
Non-IFRS Financial Measures References are made in this presentation to certain financial measures that do not have any standardized meanings prescribed by International Financial Reporting Standards (IFRS). Such measures are neither…
Disclosure of Reserves; Defined Terms The reserves shown in this presentation are estimates only and should not be construed as exact quantities. Proved reserves are those reserves which can be estimated with a high degree of certainty…
2012 Key Highlights highly profitable development & growth 1 Production growth average boe/d up 274% to 10,700 boe/d gross, 75% liquids 2 Earnings growth pre tax earnings up 198% to US96 million 3 Reserves growth Proven reserves…
2012 Results at a Glance Increase from 2011 Revenue: US295 MM 293% EBITDAX(1): US167 MM 320% Funds From Operations(1): US140 MM 251% NPBT: US96 MM 198% NPAT: US59 MM 92% Production: 3.9 MMboe 274% 1P Reserves(3): 95 MMboe 23%(2)…
Premier Position in Eagle Ford Volatile Oil & Condensate Windows Aurora Oil & Gas(1) ConocoPhillips Marathon Oil Low risk, repeatable and scalable EOG Resources Murphy Oil Eagle Ford inventory 789(2) gross proved wells on…
2012 Development drilling & Infrastructure capacity Development Drilling at Sugarkane 160 wells spudded 216 wells tied in and on production (50 net) Acreage effectively held by production (90%) Spud to spud times improved by 10 days…
2012 Quarterly Production Growth 20,000 18,000 2012 CQGR = 52% 2012 Avg. Rate: 2012 Exit Rate: 2012 CAGR = 274% 10,700 boe/d gross 18,800 boe/d gross Barrels of Oil Equivalent per day (boe/d) 16,000 7,880 boe/d net 13,850 boe/d…
Accessible routes to market via existing infrastructure Centralized processing facilities nine operational across the field Karnes Scalable capacity for future production profile Large 3rd party gas and oil lines presently under…
Pilot Program status Additional activities include: Production logging Micro seismic High rate well test producing Tracer monitoring Well orientation Four wells at 40 acre Four wells at 40 acre spacing - producing spacing…
Reserves Net Proved Reserves at Year-End 2012 Type Oil Condensate NGLs Nat Gas MMBOE (mmbbl) (mmbbl) (mmbbl) (mmcf) Proved Developed 5.7 3.5 3.0 22.3 15.9 Proved Undeveloped 17.4 11.9 10.7 83.3 54.0 Total Proved Reserves 23.1…
Framework for Growth Net Profit Revenue (mm) After Tax (mm) 112.5 +40% CQGR 23.8 + 42% CQGR 85.5 16.0 7% Residue Gas 54.3 38% NGLs and 10.3 39.5 Natural Gas 8.7 Q1'12 Q2'12 Q3'12 Q4'12 Q1'12 Q2'12 Q3'12 Q4'12…
Netbacks and Commodity Mix Netbacks Operating Netback US46.72/boe NPAT US15.06/boe NPAT/ boe 90 EBITDAX US42.85/boe Revenue 80 Revenue and other income/ boe NGL Gas 6% 4% 70 19.86 Royalty Cond 60 26% Oil 64% US / boe Prod…
2012 Balance Sheet Introduction of debt for development as production increased 9.875% Senior unsecured notes issued US365 million due Feb 2017 Secured reserve based revolving credit facility of US275 million, undrawn amount of US215…
Financial Liquidity December 31, 2012 mm Cash on hand 68 Trade and other receivables 90 Trade and other payables (181) Working capital (23) Revolving credit facility (RBL) availability (1) 245 Pro forma Financial Liquidity…
Hedging Profile Total Volume Swaps Zero Cost Collars Hedged WTI (1) LLS (2) WTI (1) bbl/d Oil Gross Oil Hedge Gross Oil Floor Cap Gross Hedge price hedged value hedged price value hedged price price value (mbbls) /bbl mm (mbbls)…
Acquisitions Completed in 2012 Acquisition criteria: WI Post Ability to conservatively fund acquisition price and WI Pre 6% Sugarloaf WI Post future development profile Acquisitions AMI Eureka Sugarloaf WI 15.8% 21.8% 28.1% Value…
Outlook - Oil and Condensate Capital Program Sugarkane Field 2013 Operations Approximately 35-40 net wells planned oil and condensate focus Increasing lateral length reducing average per foot well cost Pad drilling efficiencies time…
Key Highlights 1 Pure Eagle Ford Shale producer 2 Rapid production and reserve growth 3 Oil and condensate focused 4 Strong management team and experienced partner 5 Significant asset value with potential for accretive A&D and…
Appendix www.auroraoag.com.au TSX: AEF ASX: AUT 23
Financial Summary Selected Financial Data Selected financial data Qtr Qtr Qtr Qtr 12 Months to (US i n thous a nds ) Ma r-12 Jun-12 Sep-12 Dec-12 Dec-12 PRODUCTION: Tota l net producti on (boe) - pre-roya l ty 438,726 761,135…
EBITDA/EBITDAX Reconciliation(1) Twelve months ended Three months ended Dec-12 Dec-12 Sep-12 Jun-12 Mar-12 US'000 US'000 US'000 US'000 US'000 Net profit after tax 58,846 23,798 16,013 10,330 8,705 Adjustments: Share based payment…
Funds from Operations Reconciliation(1) Twelve months ended Dec 31, 2012 Dec 31, 2011 US'000 US'000 Net profit after tax 58,846 30,584 Add/(less) non-cash items Depletion, Depreciation and amortisation expense 39,161 4,367…
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