1st Quarter 2014 Operating and Financial Results April 2014
Q1 2014 Results at a Glance (vs. Q1 2013) +36% EBITDAX of US102mm (1) Last 12 months EBITDAX US355mm +54% Production of 2.58 mmboe gross +54% Production 21,100 boe/d net of royalties (1) See Non-IFRS Financial Measures…
Eagle Ford Focused Developing highly contiguous 80,200 gross (22,200 net) acres in the Sugarkane field KEY METRICS 97% held by production Market Cap(1) (US) 1.7 billion Q1 2014 average production: Cash (US) 48 million 21,100 net…
Q1 2014 Update Average daily production of 21,100 boe/d (net) up 54% compared to the Q1 2013 32 gross new producing wells during Q1 2014 15 net wells spud; 8.5 net wells placed on production 3 net operated wells spud; 4 net operated…
Baytex transaction Scheme update The Scheme booklet & proxy forms were dispatched to shareholders by 17 April 2014 FIRB and HSR Regulatory conditions satisfied Voting will take place at the Scheme Meeting to be held at 9:30am (Perth…
Operational Overview
Quarterly Production Growth www.auroraoag.com.au ASX: AUT TSX: AEF 10
Well Status Summary Sugarkane Field Project Areas Axle Tree & Gross Well Status Sugarloaf Longhorn Ipanema Excelsior Non-Operated Heard Ranch Total Mar 31, 2014 (28.1%)(2) (31.9%)(2) (36.4%)(2) (9.1%)(2) Sub total (100%)(1)…
Operated Position 100% operated interest in 2,800 net acres in Karnes, Atascosa, and Live Oak Sugarkane field Aurora Oil & Gas (1) ConocoPhillips Marathon Oil counties EOG Resources Murphy Oil All held by production 23 net wells…
Non-Operated Position Low risk, fully delineated Eagle Ford position 19,400 net acres Sugarkane field Aurora Oil & Gas (1) ConocoPhillips Marathon Oil WI% from 28% to 36% in Karnes, 9.1% in EOG Resources Murphy Oil Atascosa, and…
Financial Overview
Development Driving Profitability Quarter by Quarter Growth Rates Revenue(1) (USmm) EBITDAX(2) (USmm) Average Production (boepd) CQGR 9% CQGR 11% CQGR 8% 28,671 Q1'14 21,138 182.4 Q1'14 102.5 Q1'14 24,677 Q4'13 18,215 157.4…
Aurora Production Mix and Netbacks Q1 2014 High Valued, Liquids Weighted NGL 15% Gas 19% Operating Netback(1) US42.29/boe (gross) Condensate 18% Production EBITDAX(1) US39.72/boe (gross) Oil NPAT US16.68/boe (gross) 48%…
Financial Metrics Strong liquidity with US48mm US millions Mar 31 2014 cash and US196mm available under credit facility Cash 48 No principal maturities on Senior Revolving Credit Facility draw 104 Notes until 2017 9.875 % Senior…
Hedging Summary as of April 1, 2014 Aurora utilizes hedging to help preserve financial liquidity by limiting exposure to commodity price risk (1) Annualised hedge prices are weighted averages for the period and Annualised floor…
Summary Pure Eagle Ford Shale producer Solid production, revenue and profit growth Oil and condensate focused growth in reserves Strong management team and experienced partner Well funded with capital allocation flexibility…
Appendices
Financial Summary Selected Financial Data Selected financial data Qtr Qtr Qtr Qtr Qtr 12 Months to (US in thousands, except when noted) Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Mar-14 PRODUCTION: Tota l producti on (boe) - pre-roya l ty…
Funds from Operations Reconciliation Three months ended LTM Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2014 US'000 US'000 US'000 US'000 US'000 Net profit after tax 43,047 36,452 24,674 25,694 129,867 Add/(less)…
EBITDA/EBITDAX Reconciliation Three months ended LTM Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2014 US'000 US'000 US'000 US'000 US'000 Net profit after tax 43,047 36,452 24,674 25,694 129,867 Adjustments: Share…
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