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H1 2012 Earnings Call – Roc Oil

Roc Oil · Aug 29, 2012 · 18 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. H1 2012 Earnings Call – Roc Oil – slide 1
    Roc Oil Company Limited 1H 2012 results presentation page 1 1H 2012 results presentation for the half year ended 30 June 2012 Mr Alan Linn - CEO Mr Anthony Neilson - CFO
  2. H1 2012 Earnings Call – Roc Oil – slide 2
    Roc Oil Company Limited 1H 2012 results presentation page 2 key messages Delivering results Continued profitability with US28.6 million net profit for half First half production at the upper range of guidance at 6,798 boepd Sales…
  3. H1 2012 Earnings Call – Roc Oil – slide 3
    Roc Oil Company Limited 1H 2012 results presentation page 3 operational results production 1.2 MMBOE (6,798 BOEPD); in-line with 2012 guidance Beibu Gulf project facilities 65% complete at end of July and drilling expected to…
  4. H1 2012 Earnings Call – Roc Oil – slide 4
    Roc Oil Company Limited 1H 2012 results presentation page 4 1H 2012 results financial overview Mr Anthony Neilson - CFO
  5. H1 2012 Earnings Call – Roc Oil – slide 5
    Roc Oil Company Limited 1H 2012 results presentation page 5 key financial metrics 1H12 2H11 1H11 Working Interest Production (MMBOE) 1.2 1.4 1.4 % Government share of production 6.1 9.0 5.6 Sales Volume (MMBOE) 1.2 1.4 1.2…
  6. H1 2012 Earnings Call – Roc Oil – slide 6
    Roc Oil Company Limited 1H 2012 results presentation page 6 financial drivers 1H12 Comment USM Sales Revenue 135.3 Average realised oil price of US118.33/BBL (before hedging) Production costs of US16.5 million (US13.36/BOE)…
  7. H1 2012 Earnings Call – Roc Oil – slide 7
    Roc Oil Company Limited 1H 2012 results presentation page 7 segment results USM Zhao Dong Cliff Head Blane Enoch Chinguetti (3) Total Sales 86.4 29.4 12.5 2.5 4.5 135.3 Production Costs (7.1) (4.0) (2.0) (1.7) (1.7) (16.5)…
  8. H1 2012 Earnings Call – Roc Oil – slide 8
    Roc Oil Company Limited 1H 2012 results presentation page 8 profit & loss 1H12 2H11 1H11 USM USM USM Sales 135.3 154.8 131.0 Continued Trading Profit 67.2 56.5 51.5 profitability EBITDAX + Impairments 96.6 93.9 72.7 driven by…
  9. H1 2012 Earnings Call – Roc Oil – slide 9
    Roc Oil Company Limited 1H 2012 results presentation page 9 cashflow 1H12 2H11 1H11 Healthy cash and debt USM USM USM position to fund existing projects and Opening Cash 39.6 43.4 81.0 activities Net Cash from Operating…
  10. H1 2012 Earnings Call – Roc Oil – slide 10
    Roc Oil Company Limited 1H 2012 results presentation page 10 balance sheet at 30 June at 31 Dec at 30 June USM 2012 2011 2011 Cash Assets 49.3 39.6 43.4 Net assets Capitalised Exploration Expenditure 1.6 1.2 6.3 increased 18%…
  11. H1 2012 Earnings Call – Roc Oil – slide 11
    Roc Oil Company Limited 1H 2012 results presentation page 11 other items of note Hedging ROCs remaining hedge positions from 1 July 2012 to 31 December 2012 are 75,000 BBLs Brent Oil Price Swaps, at a weighted average Brent price…
  12. H1 2012 Earnings Call – Roc Oil – slide 12
    Roc Oil Company Limited 1H 2012 results presentation page 12 1H 2012 results Delivering results Operational momentum Strategic milestones Mr Alan Linn - CEO
  13. H1 2012 Earnings Call – Roc Oil – slide 13
    Roc Oil Company Limited 1H 2012 results presentation page 13 delivering 2012 objectives Year-to-date progress Share Price Deliver positive share price performance on absolute and comparative basis Share price up 19% at 28 August…
  14. H1 2012 Earnings Call – Roc Oil – slide 14
    Roc Oil Company Limited 1H 2012 results presentation page 14 strategic milestones: rebalancing portfolio of assets New Zealand exit Africa divestment nearing completion Successful China expansion with new block awarded (Bohai Bay…
  15. H1 2012 Earnings Call – Roc Oil – slide 15
    Roc Oil Company Limited 1H 2012 results presentation page 15 strategic milestones: Beibu Gulf progressing Development: WZ 6-12 and WZ 12-8 West Oil Field Development, (ROC: 19.6%) Awaiting NDRC approval expected 3Q12 Development…
  16. H1 2012 Earnings Call – Roc Oil – slide 16
    Roc Oil Company Limited 1H 2012 results presentation page 16 strategic milestones: Malaysia appraisal activity progressing Pre-development and appraisal: Balai Cluster Risk Service Contract, offshore Sarawak, Malaysia (ROC: 48%)…
  17. H1 2012 Earnings Call – Roc Oil – slide 17
    Roc Oil Company Limited 1H 2012 results presentation page 17 2012 & 2013 activity 2012 2013 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Exploration activity Up to 4 x Beibu Wells Block H Well1 (EG) Bohai Bay 09/05 Appraisal activity Balai…
  18. H1 2012 Earnings Call – Roc Oil – slide 18
    Roc Oil Company Limited 1H 2012 results presentation page 18 looking ahead - momentum Pursuing further growth opportunities in the focus region, which includes: Mature field redevelopment projects in Malaysia Additional exploration…

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