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2014 Acquisition of Three UK Producing Oil Fields – Ithaca Energy Inc.

Ithaca Energy Inc. · Jun 23, 2014 · 7 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. 2014 Acquisition of Three UK Producing Oil Fields – Ithaca Energy Inc. – slide 1
    Acquisition of Three UK Producing Oil Fields 23 June 2014
  2. 2014 Acquisition of Three UK Producing Oil Fields – Ithaca Energy Inc. – slide 2
    Acquisition overview Asset Acquisition of non-operated interests in three producing Package oil fields Cook 20% Pierce 7.48% Wytch Farm 7.43% 2P reserves1: 12 MMboe / 90% oil 2.5 kboe/d2 forecast pro-forma 2014 production from…
  3. 2014 Acquisition of Three UK Producing Oil Fields – Ithaca Energy Inc. – slide 3
    Delivering upon core strategic objectives Dons Delivering continued, sustainable growth through selective asset acquisitions Causeway / Fionn Broadening of producing asset portfolio Broom increased to 13 fields SW Heather High…
  4. 2014 Acquisition of Three UK Producing Oil Fields – Ithaca Energy Inc. – slide 4
    Strong asset additions Solid base production - increasing with re-start of Pierce field in Q3-2014 Pierce field shut-in since June 2013 for FPSO Production (kboe/d) modification / refurbishment works to enable tie-in of third party…
  5. 2014 Acquisition of Three UK Producing Oil Fields – Ithaca Energy Inc. – slide 5
    Further broadening and strengthening of the business 2P Reserves1 Production Operating Costs MMboe kboe/d /boe 70 13.5 15.5 11.0 - 13.0 58 10.4 40 39 38 Excl. Incl. 2013 2014 Excl. Pro-Forma 2013 2014 Excl.…
  6. 2014 Acquisition of Three UK Producing Oil Fields – Ithaca Energy Inc. – slide 6
    Asset summaries Cook Pierce Wytch Farm Acquired working interest: 20.0% Acquired working interest: 7.48% Acquired working interest: 7.43% Operator: Shell Operator: Shell Operator: First oil 1979 First oil 1999 First oil 2000 Subsea…
  7. 2014 Acquisition of Three UK Producing Oil Fields – Ithaca Energy Inc. – slide 7
    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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