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2012 Earnings Call – Roc Oil

Roc Oil · Feb 27, 2013 · 23 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. 2012 Earnings Call – Roc Oil – slide 1
    Roc Oil Company Limited FY2012 results presentation page 1 2012 results presentation for the year ended 31 December 2012 Alan Linn - CEO Anthony Neilson - CFO Successful oil appraisal at Bentara field; Balai Cluster…
  2. 2012 Earnings Call – Roc Oil – slide 2
    Roc Oil Company Limited FY2012 results presentation page 2 key messages Record net profit after tax of US61m Second successive year of profit Profit includes US27.2m of significant items net of tax; offset by US18.1m of exploration…
  3. 2012 Earnings Call – Roc Oil – slide 3
    Roc Oil Company Limited FY2012 results presentation page 3 operational results 2.4 mmboe (6,445 boepd); in-line with 2012 guidance production Achieved 100% 2P reserves replacement Beibu Gulf development project nearing completion…
  4. 2012 Earnings Call – Roc Oil – slide 4
    Roc Oil Company Limited FY2012 results presentation page 4 2012 results financial overview Mr Anthony Neilson - CFO
  5. 2012 Earnings Call – Roc Oil – slide 5
    Roc Oil Company Limited FY2012 results presentation page 5 financial results 2012 Key items USM Sales Revenue 242.1 113.60/bbl (before hedging) average realised oil price Trading Profit 106.2 35.7m (15.14/boe) production costs…
  6. 2012 Earnings Call – Roc Oil – slide 6
    Roc Oil Company Limited FY2012 results presentation page 6 key financial metrics 2012 2011 Change Working Interest Production (mmboe) 2.4 2.7 (14%) % Government share of production 9.6 7.4 30% Sales Volume (mmboe) 2.1 2.6 (17%)…
  7. 2012 Earnings Call – Roc Oil – slide 7
    Roc Oil Company Limited FY2012 results presentation page 7 segment results USM Zhao Dong Cliff Head Blane Enoch Chinguetti (1) Total Sales 157.4 54.0 23.6 2.5 4.5 242.1 Production Costs 14.9 12.6 3.9 2.6 1.7 35.7 Amortisation…
  8. 2012 Earnings Call – Roc Oil – slide 8
    Roc Oil Company Limited FY2012 results presentation page 8 profit & loss 2012 2011 Good trading profit with lower sales offset USM USM by cost savings Record net profit including significant Sales 242.1 285.8 items net of tax of…
  9. 2012 Earnings Call – Roc Oil – slide 9
    Roc Oil Company Limited FY2012 results presentation page 9 profit & loss key movements 31.1 (18.6) (1.0) 61.0 12.3 10.3 28.7 (43.6) 11.3 13.6 11.2 USM 5.7 2011 NPAT Decrease in Increase in oil Decrease in…
  10. 2012 Earnings Call – Roc Oil – slide 10
    Roc Oil Company Limited FY2012 results presentation page 10 cashflow 2012 2011 US56.8m net cash position at 31 Dec USM USM with US91m undrawn debt facility Opening Cash 39.6 81.0 Cashflow from operations of 126.3m with 94.0m…
  11. 2012 Earnings Call – Roc Oil – slide 11
    Roc Oil Company Limited FY2012 results presentation page 11 Cashflow from operations key movements 7.0 126.3 9.4 4.4 5.8 42.1 14.2 43.4 USM Cash from Increase in Cash Decrease in Decrease in Increase in Net Decrease…
  12. 2012 Earnings Call – Roc Oil – slide 12
    Roc Oil Company Limited FY2012 results presentation page 12 balance sheet USM at 31 Dec 2012 at 31 Dec 2011 Net assets increased US57m (35%) during the period: Cash Assets 56.8 39.6 +US30 m net cash position Capitalised…
  13. 2012 Earnings Call – Roc Oil – slide 13
    Roc Oil Company Limited FY2012 results presentation page 13 hedging & taxes hedging No hedging in place at the end of the year Small derivative loss during year was US0.9m with cash outflow of US0.7m taxes, levies and royalties…
  14. 2012 Earnings Call – Roc Oil – slide 14
    Roc Oil Company Limited FY2012 results presentation page 14 2012 results Delivering results, operational momentum & strategic milestones Mr Alan Linn - CEO
  15. 2012 Earnings Call – Roc Oil – slide 15
    Roc Oil Company Limited FY2012 results presentation page 15 HSE performance 2012 LTIFR 2 Health & Safety APPEA five-year Development of the ROC Asset Integrity Management system rolling average (1.3) continued within all…
  16. 2012 Earnings Call – Roc Oil – slide 16
    Roc Oil Company Limited FY2012 results presentation page 16 Reserves summary 43.6 mmboe Africa 2P UK Reserves Australia 15.0 China 22.9 mmboe 43.6 22.9 15.0 mmboe 2C Best Estimate Resources (Risked) Prospective…
  17. 2012 Earnings Call – Roc Oil – slide 17
    Roc Oil Company Limited FY2012 results presentation page 17 2012 objectives delivered 2012 outcomes Share Price Deliver positive share price performance on absolute and comparative basis Delivered: Share price increased 73% for…
  18. 2012 Earnings Call – Roc Oil – slide 18
    Roc Oil Company Limited FY2012 results presentation page 18 strategic milestones: rebalancing portfolio New Zealand exit Africa divestment nearing completion Successful China expansion with new block awarded (Bohai Bay Block…
  19. 2012 Earnings Call – Roc Oil – slide 19
    Roc Oil Company Limited FY2012 results presentation page 19 strategic milestones: Beibu Gulf project Development (ROC 19.6%) NDRC approval was granted in 3Q12 Development activity continued during 2H with onshore platform…
  20. 2012 Earnings Call – Roc Oil – slide 20
    Roc Oil Company Limited FY2012 results presentation page 20 strategic milestones: Malaysia pre development Balai Cluster Risk Service Contract, offshore Sarawak, Malaysia (ROC: 48%) Pre-development work progressed with facility…
  21. 2012 Earnings Call – Roc Oil – slide 21
    Roc Oil Company Limited FY2012 results presentation page 21 2013 Goals and Objectives Objective Measure Operational HSE Same or better than 5 year OGP averages (Asia & Australasia) for TRIFR and LTIFR, including implementation of…
  22. 2012 Earnings Call – Roc Oil – slide 22
    Roc Oil Company Limited FY2012 results presentation page 22 2013 & 2014 activity 2013 2014 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Exploration activity Block H Well1 (EG) Bohai Bay Bohai Bay 09/05 seismic 09/052 Appraisal activity Balai…
  23. 2012 Earnings Call – Roc Oil – slide 23
    Roc Oil Company Limited FY2012 results presentation page 23 2013 focus and growth Deliver Existing Maximise Near-Field Develop Opportunities Grow through Production Opportunities in New Ventures Exploration and Focus on existing…

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