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Second Quarter 2014 Earnings Review – Endeavour International Corp

Endeavour International Corp · Aug 5, 2014 · 12 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. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 1
    Second Quarter 2014 Earnings Review August 5, 2014
  2. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 2
    2014 Second Quarter Operational/Financial Results Physical production and sales volumes Physical production averaged 12,900 barrels of oil equivalent per day (boepd) compared to 9,500 boepd during Q2 2013 Production rates at Rochelle…
  3. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 3
    Sales Volumes and Physical Production (BOE per day) 2014 2013 Q2 Sales = 7,400 Q2 Sales = 14,500 38% 9% 52% 91% 10% US Gas UK Oil UK Gas Physical production volume for the second quarter averaged 12,900 boepd compared to…
  4. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 4
    Key Commodities - Forward Pricing* U.K. Oil U.K. Gas Brent Strip (ICE) National Balancing Point (NBP) Strip (ICE) 115 12 11 110 10 105 9 8 100 7 1 = 1.70 95 6 *Data as of August 1, 2014 5
  5. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 5
    U.K. Hedged Oil and Gas Position 6,000 120 100 5,000 80 4,000 bbl/d /bbl 60 3,000 40 2,000 20 1,000 0 1Q2014 2Q2014 3Q2014 4Q2014 Hedged Production Ave Ceiling Ave Floor The current hedging program involves…
  6. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 6
    Summary Financial Results Second Quarter Ending Six Months Ending June 30, June 30, Measure ( in millions) 2014 2013 2014 2013 Oil and gas revenues 44.9 126.2 139.0 183.8 Operating expenses 6.8 38.1 34.0 55.6 Adjusted cash flow…
  7. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 7
    Adjusted EBITDA Second Quarter Ending Six Months Ending June 30, June 30, Measure ( in millions) 2014 2013 2014 2013 Net income (loss) (36.7) (13.9) (81.5) (27.9) Unrealized (gain) loss on derivatives (2.0) 1.3 (4.7) (0.3) Net…
  8. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 8
    Adjusted Net Income (Loss) Second Quarter Ending Six Months Ending June 30, June 30, Measure ( in millions, except per share data) 2014 2013 2014 2013 Net income (loss) (36.7) (13.9) (81.5) (27.9) Impairment of U.S. oil and gas…
  9. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 9
    Capex and Asset Retirement Obligations Update Second Quarter Ending Six Months Ending June 30, June 30, Measure ( in millions) 2014 2013 2014 2013 Direct oil & gas capex U.K. 10.6 64.4 20.8 97.5 U.S. 1.0 2.0 2.1 2.8 Total direct oil…
  10. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 10
    2014 Direct Capital Expenditure Budget U.S. Other Colorado Alba U.K. Other 2014 Direct Capex = 60 million - 80 million U.K. = 40 million - 55 million U.S. = 20 million - 25 million Decommissioning costs for IVRR,…
  11. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 11
    Debt Maturity Schedule 500 400 300 554 mm 200 82 17.5 100 135 125 0 2014 2015 2016 2017 2018 Convertible Notes due 2016 (18.51 per share conversion price) Convertible Bonds due 2016 (16.52 per share…
  12. Second Quarter 2014 Earnings Review – Endeavour International Corp – slide 12
    NYSE:END LSE:ENDV www.endeavourcorp.com INVESTOR CONTACTS: Darcey Matthews Director of Investor Relations (713) 307-8711 darcey.matthewsendeavourcorp.com

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