Skip to main content Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. Investor Presentation | Shale Experts
Loading...
Pm

Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp.

Pacific Rubiales Energy Corp. · Aug 9, 2013 · 32 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. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 1
    Financial & Operational Results 2Q 2013
  2. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 2
    Forward Looking Statements Resources Readers should give aen,on to the es,mates of individual classes of resources and appreciate the diering probabili,es of recovery associated with each class. Es,mates of remaining recoverable…
  3. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 3
    Content 1 Opera5onal Milestones 2 Business Environment and Strategic Posi5oning 3 Explora5on Campaign 4 Financial Results Highlights 5
  4. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 4
    2Q OPERATIONAL MILESTONES 2013 6
  5. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 5
    2Q13 Highlights: Focusing on Produc5on Grow & Cash Genera5on* 127,555 Boe/d Net producon(1); 38% increase year-over-year 1,056 Million Strong Revenue Generaon; 2% increase year-over-year 604 EBITDA; 7% increased…
  6. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 6
    2Q BUSINESS ENVIRONMENT 2013 AND STRATEGIC POSITIONING 8
  7. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 7
    Produc5on Growth Prole Mboe/d Gas Produc5on L&M Oil Produc5on PAP Heavy Oil Produc5on 350 307 310 300 12 12 271 26 28 12 3 250 237 236 244 14 11 12 12 12 7 8 200 150 128 128 269 245 108 11 267 11…
  8. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 8
    Track-Record of Delivery vs. Guidance Average Net Produc5on (boe/d) Mboe/d Guidance (Low-end) Guidance (High-end) 140 99 Mboe 127 Produc5on 120 GUIDANCE Guidance 2012 Range 83 Mboe 113 GUIDANCE 100 2011 Record…
  9. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 9
    Commercial Ac5vity: Oil Pricing Environment Market Prices US/bbl WTI NYMEX ICE BRENT 130 120 110 100 3.4 90 80 World crude oil supply growth of 1.6% to 89.95 MMbbl/d in 2Q 2013, despite slow down in 70 world…
  10. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 10
    Oil & Gas Sales Trading Advantages 2Q 2013 Export Sales by Market 29% 32% USA (GOM) Colombian oil produc5on will con5nue to have 10.4 Europe strong demand in U.S.A., Caribbean, European and Asian markets MMbbl…
  11. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 11
    Strong Financial Performance Cash is King US Million Revenues EBITDA Cash Costs Non-Cash Costs 1,400 1,259 1,200 1,036 1,047 1,056 1,000 932 870 787 800 741 695 68% 617 604 586 600 542 538 560 512…
  12. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 12
    Oil Opera5ng Netbacks US/bbl Total Opera5ng Cost* PAP Provision Netback 120 110.96 102.06 101.26 101.61 99.83 100 95.84 32.03 34.9 36.91 38.55 80 43.01 32.53 0.17 60 9.21 40 78.93 66.36 64.7 63.34…
  13. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 13
    Pacic Infrastructure: Strengthening Colombias Oil Export Infrastructure IFC invests 150 MM to acquire 26.1% interest rst ever ini5a5ve of this type in Colombia IFC investment provides premium valua5on to PREs early interest…
  14. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 14
    Block Z-1 Oshore Peru Development Z-1 Field New CX-15 platform in position Corvina field development drilling program commenced July 2013 Expect Albacora field development well program to start in 3Q13 Final processing of…
  15. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 15
    STAR Pilot Demonstra5ng Increased Recovery Factor Fire Flood Fluid Flood Ver5cal Injec5on Well Ver5cal Produc5on Well Deviated Produc5on Well Successful synchroniza5on of producing wells achieved Results to…
  16. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 16
    Adding Value from Infrastructure Assets Midstream Spin-Out Project Assets: ODL (35% WI) OBC (33.38% WI) PEL (100%) Financed with Take or Pay contracts Higher mul5ples when packaged as a pure play infrastructure…
  17. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 17
    Colombia: Environmental Licensing Process Colombia's government improvement in environmental license process underway License to expand water capacity at Rubiales eld by 400 Mbbl/d (August 8th, 2012) Quifa explora5on area:…
  18. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 18
    2Q EXPLORATION 2013 20
  19. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 19
    2Q 2013 Explora5on Ac5vity - Wells 2013 2Q 2013 Exploraon Well Results Block Wells 1Q 2Q 3Q 4Q Prospect-Well Net Pay Quifa 6 1 5 Block Welll Type Result Name (o)* CPE-6 6 6 CPO-1 1 1 Guama Capure-1X Exploratory…
  20. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 20
    Lower Magdalena Basin - Connuing Success Guama Block Guama Map Pedernalito NE The Capure-1X well was drilled to a total depth West Guama of 7,400 V. Pedernalito Profundo Petrophysical evalua5on indicated a total of…
  21. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 21
    Colombia - La Creciente Block New Natural Gas Discovery La Creciente Map Drilling of LCI-1X explora5on well reached TD of 8,620 V. Preliminary petrophysical evalua5on indicated 63 feet of net pay in the Cienaga de Oro…
  22. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 22
    Llanos Basin - Yamu Block New Light Oil Discovery The Potrillo-1 explora5on well was drilled to to a total depth of 11,076 V. The well found 14 V. of net pay, resul5ng in a new light oil discovery Produc5on rate of 580…
  23. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 23
    Brazil - Karoon Blocks Expanded Resources S-M-1166 Map The Bilby-1 explora5on well was drilled to a total depth of 14,489 V. The petrophysical evalua5on indicated presence of 33 API oil, within an oil bearing column of 400…
  24. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 24
    Peru - Block 138 Yahuish Tes5ng & Evalua5on in Progress Peru 138 Block. Yahuish-1 exploration well The Yahuish-1X explora5on well was drilled to a total depth of 8,417 V. The wells preliminary results showed fair to good…
  25. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 25
    2Q FINANCIAL RESULTS HIGHLIGHTS 2013 27
  26. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 26
    Financial Results P&L 2Q 2013 (Million of US) Cash Costs Non-Cash Costs 1,056 375 77 345 604 15 37 25 28 58 101 53 5 Revenues Opera5ng G&A EBITDA DD&A Foreign Finance Other expenses Income tax Net…
  27. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 27
    Revenues Three Months Ended June 30th (in thousands of US) 2013 2012 Net Crude Oil and Gas Sales 1,022,370 949,704 Trading Revenue 33,203 86,150 Total Revenue 1,055,573 1,035,854 per boe oil and gas 90.91 95.30 per bbl…
  28. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 28
    Opera5ng Cost Three months ended Three months ended Three months ended Crude Oil Variaon June 30, 2013 March 31, 2013 June 30, 2012 Crude Natural Crude Natural Crude Natural Q2 2013 Q2 2013 Combined Combined Combined vs.…
  29. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 29
    Strong Balance Sheet, Liquidity Ra5os and Produc5on Growth Financial Results (Million of US, except amount per share) 2013 2012 2Q 1Q FY 4Q 3Q 2Q 1Q DEBT / EBITDA-ANNUALIZED 0.90 0.90 0.77 0.77 0.68 0.51 0.62 EBITDA /…
  30. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 30
  31. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 31
    G&A Comparison G&A Comparison (in thousands of US) 2Q13 1Q13 2Q12 Revenues 1,055,573 1,258,762 1,035,854 G&A 76,743 72,327 67,167 % 7% 6% 6% 33
  32. Q2 2013 EARNINGS CALL – Pacific Rubiales Energy Corp. – slide 32
    DD&A by Field 1Q 2013 2Q 2012 2Q 2013 8% 16% 26% 18% 16% 52% 58% 56% 16% 18% 16% Rubiales Quifa C&C + PMD Others DD&A by Field 2Q 13 1Q 13 2Q 12 Field DD&A (USMM) % DD&A (USMM) % DD&A (USMM) %…

From the store

Browse maps, data & reports in the Shale Experts store