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Corporate Presentation – Ithaca Energy Inc.

Ithaca Energy Inc. · May 31, 2014 · 11 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. Corporate Presentation – Ithaca Energy Inc. – slide 1
    Corporate Presentation May 2014
  2. Corporate Presentation – Ithaca Energy Inc. – slide 2
    Building a highly profitable 25kboe/d North Sea oil and gas company Maximise cashflow and production from existing assets Clear Grow via lower risk undeveloped discoveries and production acquisitions Strategy Deliver first…
  3. Corporate Presentation – Ithaca Energy Inc. – slide 3
    Balanced production and development asset portfolio 58MMboe1 2P reserves Sproule independent reserves assessment 2P Reserves1 2P Reserves Replacement Rate Over 12-years 2P reserves life Balanced production / development assets…
  4. Corporate Presentation – Ithaca Energy Inc. – slide 4
    Strong production growth profile from diverse asset base 2014 production guidance 11-13kboe/d, 95% oil Timing of production enhancement activities Production (kboe/d)1 weight volumes towards H2-2014 30 kboe/d Next step in…
  5. Corporate Presentation – Ithaca Energy Inc. – slide 5
    2014 investment programme focused on delivering production growth Dons Causeway 350M Total forecast 2014 capital expenditure / Fionn 200M GSA - delivering next production step-up Broom SW Heather 140M Targeting high return…
  6. Corporate Presentation – Ithaca Energy Inc. – slide 6
    Fully funded business plan with robust balance sheet Funding & Peak Debt (M)1 710M senior bank debt facilities and 70M oil sales pre-payment option in place M 780M 800 Oil sales pre-payment option with Shell provides 70 Oil…
  7. Corporate Presentation – Ithaca Energy Inc. – slide 7
    54.67% Working Greater Stella Area development next major value step Interest PHASE 1 INFRASTRUCTURE 30MMboe net 2P1 reserves delivering 16kboe/d forecast net initial annualised production 4 initial Stella field start-up…
  8. Corporate Presentation – Ithaca Energy Inc. – slide 8
    Development status solid progress on delivery of major milestones Drilling Campaign Subsea Infrastructure FPF-1 Modifications First two Stella development wells 65% overall subsea programme Good progress on key milestones…
  9. Corporate Presentation – Ithaca Energy Inc. – slide 9
    Forward work programme start-up of hub scheduled for mid-2015 Drilling Campaign Subsea Infrastructure FPF-1 Modifications Stella development wells 3 and 4 Installation activities to be Topsides processing plant works - Well 3…
  10. Corporate Presentation – Ithaca Energy Inc. – slide 10
    North Sea outlook UK North Sea Reserves & Resources1 Robust commodity price environment Northern North Sea 2.9 Bnboe Further improving landscape for mid-cap oil and gas operators Government implementation of Wood Report Fiscal…
  11. Corporate Presentation – Ithaca Energy Inc. – slide 11
    Key messages Lower risk North Sea production and development growth Focused strategy Disciplined financial management Driving value from Executing high return production enhancement activities existing portfolio Delivery of…

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