Skip to main content 2011 Earnings Call – Roc Oil Investor Presentation | Shale Experts
Loading...
Database
Slide Database

2011 Earnings Call – Roc Oil

Roc Oil · Feb 27, 2012 · 25 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. 2011 Earnings Call – Roc Oil – slide 1
    2011 Financial Results Alan Linn CEO Anthony Neilson CFO
  2. 2011 Earnings Call – Roc Oil – slide 2
    2011 Key Messages Underlying business performed in line with expectations Production of 2.75 MMBOE (7,527 BOEPD) was within guidance Sales of US285.8 million (average realised oil price of US110.93/BBL before hedging) Trading profit…
  3. 2011 Earnings Call – Roc Oil – slide 3
    Operational Results Production 2.75 MMBOE (7,527 BOEPD); 13% lower compared to 2010 Zhao Dong development drilling completed within budget Development Beibu Gulf project development commenced Cliff Head CH-12 workover completed in…
  4. 2011 Earnings Call – Roc Oil – slide 4
    Key Financial Drivers 2011 2010 Working Interest Production (MMBOE) 2.75 3.10 % Government share of production 7.4 6.6 Sales Volume (MMBOE) 2.6 3.0 Sales Revenue (USM) 285.8 235.4 Operating Cash Flow (USM) 43.4 58.4 Average…
  5. 2011 Earnings Call – Roc Oil – slide 5
    FY11 Financial Results Overview Anthony Neilson (CFO) 5
  6. 2011 Earnings Call – Roc Oil – slide 6
    Financial Results USM Comment Sales Revenue 285.8 Average realised oil price of US110.93/BBL (before hedging) Production costs of US46.9 million (US17.07/BOE) Trading Profit 108.0 Amortisation of US84.5 million (US30.76/BOE)…
  7. 2011 Earnings Call – Roc Oil – slide 7
    Segment Results Zhao Cliff Head Blane Enoch Chinguetti (3) BMG Total Dong USM Sales 168.4 43.8 57.2 11.0 6.0 0.3 286.7 Production Costs 17.9 20.8 4.4 1.0 2.8 - 46.9 Amortisation 64.9 6.9 9.6 2.0 1.1 - 84.5 Trading Profit/(Loss)…
  8. 2011 Earnings Call – Roc Oil – slide 8
    Profit and Loss 2011 2010 USM USM Sales 285.8 235.4 Trading Profit 108.0 69.1 EBITDAX + Impairments 166.6 114.2 Exploration Expense (13.5) (20.5) EBITDA + Impairments 153.1 93.7 Amortisation/Depreciation (85.3) (77.6)…
  9. 2011 Earnings Call – Roc Oil – slide 9
    Profit and Loss Movements USm P&L Movement from 2010 to 2011 (USm) 7.2 60 97.4 (25.8) 26.2 40 (47.1) (10.5) (4.1) (0.5) 20.8 20 27.7 0 - - - - - - - - - (35.9) -20 -40 NPAT 2010 Increase in Decrease in…
  10. 2011 Earnings Call – Roc Oil – slide 10
    Hedging 2011 marked the completion of ROCs historic hedge book, with the final old hedges being settled at US63.60/BBL. ROCs remaining hedge positions from 1 January 2012 to 31 December 2012 are 150,000 BBLs Brent Oil Price Swaps, at…
  11. 2011 Earnings Call – Roc Oil – slide 11
    Taxes, Levies & Royalties During 2011 there were some changes to fiscal terms that impacted ROCs operating assets. ROC expensed US96.0 million in income taxes, levies and royalties during 2011 Income taxes of US52.9 million relate to:…
  12. 2011 Earnings Call – Roc Oil – slide 12
    Cash Flow 2011 2010 USM USM Opening Cash 81.0 67.1 Net Cash from Operating Activities 43.4 58.4 Net Repayments of Borrowings (35.0) - Investment & Financing Activities Development Expenditure (35.4) (27.6) Initially Capitalised…
  13. 2011 Earnings Call – Roc Oil – slide 13
    Cash Flow Movements USm Operating Cash Flow Movement from 2010 to 2011 (USm) 58.4 (29.8) 60 69.3 43.4 45 (21.5) 30 15 (25.0) 0 -15 (3.3) (4.8) -30 Cash Generated Increase in BMG NPP Increase in Income Increase…
  14. 2011 Earnings Call – Roc Oil – slide 14
    Balance Sheet 2011 2010 USM USM Cash Assets 39.6 81.0 Capitalised Exploration Expenditure 1.2 4.9 Oil and Gas Assets 218.3 247.6 Interest Bearing Debt (13.1) (49.7) Net Deferred Tax Liability (26.7) (34.4) Derivative…
  15. 2011 Earnings Call – Roc Oil – slide 15
    2P Reserves MMBOE Remaining 2P Reserve Movement from 2010 to 2011 (MMBOE) 18 16 16.2 (2.7) 1.3 15.1 14 0.3 12 10 8 6 4 2 0 Opening balance Less Production Reserves Aquired Reserve Revisions Remaining 2P Reserves…
  16. 2011 Earnings Call – Roc Oil – slide 16
    Delivering Growth Alan Linn (CEO) 16
  17. 2011 Earnings Call – Roc Oil – slide 17
    2011 Achievements During the year, ROC delivered significant outcomes to support the Companys future growth and achieved many of the goals outlined in the new strategy Appointed new CEO (Feb) FID for Beibu Gulf Project (Feb)…
  18. 2011 Earnings Call – Roc Oil – slide 18
    2011 Objectives Share Price x Achieve positive share price performance compared to peer group Generate Opportunities Conduct reviews and/or bid on new business opportunities x Deliver risked recoverable 2C resources from new…
  19. 2011 Earnings Call – Roc Oil – slide 19
    2011 HSEC Performance Health & Safety 2011 Injuries 2011 Incidents Asset Integrity Management programme implemented 0 LTIFR in 2011 (1.7 million man hours) APPEA five-year average is 0.9 1.2 TRIFR in 2011 (1.7 million man hours)…
  20. 2011 Earnings Call – Roc Oil – slide 20
    Malaysia Entry Risk Service Contract (RSC) for Balai Cluster fields awarded A cluster of oil and gas fields in the areas around the Balai and West Acis discoveries Contractor group interests are ROC 48%, Dialog 32% and PETRONAS…
  21. 2011 Earnings Call – Roc Oil – slide 21
    China Expansion An important element of ROCs strategy is to generate future growth through the commercialisation of near field opportunities through existing infrastructure. In March 2011, the Zhao Dong block was expanded through the…
  22. 2011 Earnings Call – Roc Oil – slide 22
    Africa Exit Africa exit has allowed the redeployment of capital and resources to pursue opportunities more consistent with ROCs strategy to generate future growth through exploration, appraisal and pre- development opportunities…
  23. 2011 Earnings Call – Roc Oil – slide 23
    2012 Objectives Share Price Deliver positive share price performance on absolute and comparative basis Identify and deliver new appraisal/development opportunities in focus region Generate Opportunities Review, identify and secure…
  24. 2011 Earnings Call – Roc Oil – slide 24
    2012 & 2013 Activity 2012 2013 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 4x Beibu Gulf Wells Exploration Activity Block H Well (EG)* Kaheru Well (NZ) Balai Cluster Pre-Development Activity Appraisal Activity Zhao Dong New Block Well Balai…
  25. 2011 Earnings Call – Roc Oil – slide 25
    www.rocoil.com.au For further information contact: Matthew Gerber General Manager, Corporate Affairs & Planning +61 2 8023 2000 mgerberrocoil.com.au

From the store

Browse maps, data & reports in the Shale Experts store