Annual General Meeting Chairmans Address Australian National Maritime Museum, Sydney Thursday 17 May 2012 In 2011, the Company had two areas of focus: firstly, to ensure that the existing business performed to expectations, both…
The ongoing natural production decline across the portfolio will be offset in 2013 by the anticipated ramp-up of production from the Beibu Gulf project, the development of which is presently progressing on schedule and within budget. ROC…
China accounts for around 60% of ROCs production and revenue; it is a key hub of ROCs business and the relationships we have with our Chinese partners, PetroChina and CNOOC, continue to be beneficial. Both these partners have been very…
ROCs exit from Africa progressed well during the year and is largely complete. The completion of the Mauritania and Mozambique Channel asset divestments is anticipated in 2012. The only remaining African exposure is an uncapped carried…
Conclusion The Board and management are confident that a positive track record will continue to emerge over the remainder of the year, as we continue to deliver on our stated strategy for growth and generate positive shareholder…
2012 annual general meeting AGM presentation 17 May 2012
Andrew Love Chairman
2011 Overview Delivering performance strategy growth Share price 3 The year ahead
Alan Linn Chief Executive Officer
Roc Oil Company Limited 2012 Annual General Meeting 5 2011 Business Performance 356.9 4.0 3.7 285.8 3.5 Production and Costs on Track 3.1 235.5 2.7 208.1 204.4 Net production 2.75 MMBOE (7,527…
Roc Oil Company Limited 2012 Annual General Meeting 6 2011 HSEC Performance 3 2 2011 LTIFR Health & Safety 1 12 month RA LTIFR 0 Progress in implementing the Asset Integrity Jan Jun Dec Management project 2011 LTIFR 0 LTIFR…
Roc Oil Company Limited 2012 Annual General Meeting 7 2011 Achievements ROC has delivered outcomes designed to underpin the Companys regional growth strategy Appointed new CEO (Feb) Awarded Balai Cluster RSC in Malaysia (Aug) FID…
Roc Oil Company Limited 2012 Annual General Meeting 8 Malaysia Entry Balai Cluster Risk Service Contract (RSC) awarded in August 2011 BENTARA BALAI Strong relationship formed with PETRONAS and DIALOG Group through the process…
Roc Oil Company Limited 2012 Annual General Meeting 9 Balai Cluster RSC Progress
Roc Oil Company Limited 2012 Annual General Meeting 10 Balai Cluster RSC Progress (cont.)
Roc Oil Company Limited 2012 Annual General Meeting 11 China Expansion The ROC regional growth strategy supports the commercialisation of near field opportunities through existing infrastructure. In March 2011, the Zhao Dong block…
Roc Oil Company Limited 2012 Annual General Meeting 12 China Expansion (cont.) In February 2011, the Final Investment Decision for the Beibu Gulf project was approved In February 2012, the Environmental Impact Assessment for the…
Roc Oil Company Limited 2012 Annual General Meeting 13 Beibu Gulf Project Progress
Roc Oil Company Limited 2012 Annual General Meeting 14 African Exit Africa exit has accelerated redeployment of capital and resources to pursue opportunities more consistent with ROCs regional growth strategy in China, South East Asia…
Roc Oil Company Limited 2012 Annual General Meeting 15 2011 Share Price A disappointing year for conventional oil companies with market interest focused upon non-conventional potential 2011: ROC / Peers / Energy Index 40% ROC…
Roc Oil Company Limited 2012 Annual General Meeting 16 2012 Objectives Share Price Deliver positive share price performance on absolute and comparative basis Generate Identify and deliver new appraisal/development opportunities in…
Roc Oil Company Limited 2012 Annual General Meeting 17 YTD 2012 Achievements Environmental Impact Assessment approved for Beibu Gulf project Beibu Gulf development project and near-field exploration on track CEO Alan Linn…
Roc Oil Company Limited 2012 Annual General Meeting 18 YTD 2012 Share Price YTD 2012: ROC / Peers / Energy Index ROC 70% Peer Group Value ASX Energy Index Unconventional Peer Group Value Peer Group Value (ex BPT) Brent Oil…
Roc Oil Company Limited 2012 Annual General Meeting 19 2012 & 2013 Activity * White Rose has an option to acquire ROCs interest in Block H for US16.1 million prior to spud of any well ** Dependent on declaration of project…
Roc Oil Company Limited 2012 Annual General Meeting 20 2012 Share Price Catalysts Award or acquisition of further growth opportunities in the focus region, such as Mature field rejuvenation projects in Malaysia; Additional…
Resolutions and Proxies
Roc Oil Company Limited 2012 Annual General Meeting 22 Resolution 2 That the Remuneration Report of the Company and its controlled entities for the year ended 31 December 2011 be adopted Resolution For Against Abstain/Excluded…
Roc Oil Company Limited 2012 Annual General Meeting 23 Resolution 3 That Mr Andrew Love, a Director retiring by rotation in accordance with the constitution, and being eligible, be re-elected as a Director of the Company Resolution…
Roc Oil Company Limited 2012 Annual General Meeting 24 Resolution 4 That Mr Robert Leon, a Director retiring by rotation in accordance with the constitution, and being eligible, be re-elected as a Director of the Company Resolution…
Roc Oil Company Limited 2012 Annual General Meeting 25 Resolution 6.2 That the Approval of Proportional Takeover Bid provisions contained in the Companys existing Constitution at rule 14 be renewed, with effect from the close of the…
www.rocoil.com.au For further information contact: Matthew Gerber General Manager, Corporate Affairs & Planning +61 2 8023 2000 mgerberrocoil.com.au
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