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SUMITOMO CORPORATION M&A CALL – 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. SUMITOMO CORPORATION M&A CALL – Ithaca Energy Inc. – slide 1
    Acquisition of Three UK Producing Oil Fields 23 June 2014
  2. SUMITOMO CORPORATION M&A CALL – 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. SUMITOMO CORPORATION M&A CALL – 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. SUMITOMO CORPORATION M&A CALL – 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. SUMITOMO CORPORATION M&A CALL – 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. SUMITOMO CORPORATION M&A CALL – 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. SUMITOMO CORPORATION M&A CALL – 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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