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Q3 2012 Earnings Call – Aurora Oil & Gas Ltd.

Aurora Oil & Gas Ltd. · Nov 14, 2012 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 1
    Aurora Oil & Gas Limited 3rd Quarter 2012 Operating and Financial Results 13 November 2012 0
  2. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 2
    2012 to date Development accelerates drilling of 123 new wells at the Sugarkane field during 2012 104 new gross wells producing year to date Production Average gross production rate YTD of approximately 8,600 boe/d (90% liquids)…
  3. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 3
    2012 to date continued Financial performance to Q3 2012: Increase from Q3 Increase Year to Date corresponding USmm from Q2 USmm period Revenue 85 50% 182 280% EBITDAX(1) (2) 50 60% 103 300% NPAT(1) (2) 16 60% 35 35%…
  4. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 4
    2012 Production Growth 7
  5. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 5
    3rd Quarter 2012 Operational Summary Operational activity during quarter 56 gross wells spudded 45 gross wells commenced production Production performance Average gross production rate for Q3 2012 of approximately 12,500 boe/d and…
  6. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 6
    Pilot Program status Q4 activity Additional activities include: Production Logging Micro Seismic High rate well test Four wells at 40 acre planned Tracer monitoring Four wells at 40 acre spacing - producing spacing drilling or…
  7. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 7
    Financial summary Selected financial data Revenue (1) EBITDAX (2) (US in thousands) (US in thousands) 85,483 49,916 57,493 39,567 31,639 27,932 23,187 21,378 17,570 13,241 13,948 7,280 9,292 3,009 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2011…
  8. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 8
    Quarterly Operating Cash Flow Trends 90 Revenue EBITDAX 80 Royalties 70 Production and Operating Expenses ( incl Sales Taxes) G&A 60 US MM 50 40 30 20 10 0 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3…
  9. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 9
    Financial summary Selected financial data Selected financial data (US in thousands) 12 months to Dec-11 Mar-12 Jun-12 Sep-12 Sep-12 Production: Total net production (boe) - pre-royalty 391,645 438,726 761,124 1,152,944 2,744,439…
  10. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 10
    Financial Liquidity USmillion Cash on hand 30 September 2012 143 Trade and other receivables 73 Trade and other payables (193) Pro forma 30 September 2012 net cash 23 Undrawn Revolver Facility 150 Financial Liquidity 30 September…
  11. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 11
    Hedging Profile Swaps Zero Cost Collars WTI (1) LLS (2) WTI (1) oil bbls hedged gross oil bbls hedged gross oil bbls Floor Cap gross hedged price value hedged price value hedged price Price value (mbbls) /bbl USmm (mbbls) /bbl…
  12. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 12
    2012 Full Year Guidance Production Range (1) Estimated annual production (MMboe) of 3.7 4.1 gross, 2.8 3.0 net Estimated December month average production rate (boe/d) 17,300 19,100 gross, 12,800 14,100 net 2012 Guidance: PRIOR…
  13. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 13
    2013 Provisional Plans(1) Pilot Program Continue spacing and completion evaluation with further wells likely Continue evaluation of deeper horizons Carry out Austin Chalk pilot program on 60 acre spacing Drilling Schedule Marathon…
  14. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 14
    EBITDA/EBITDAX reconciliation(1) Nine months ended Three months ended Sep-12 Sep-12 Jun-12 Mar-12 Dec-11 US'000 US'000 US'000 US'000 US'000 Net earnings after tax 35,048 16,013 10,330 8,705 4,533 Adjustments: Share based payments…
  15. Q3 2012 Earnings Call – Aurora Oil & Gas Ltd. – slide 15
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