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2009 PRELIMINARY RESULTS – Soco International Plc

Soco International Plc · Mar 24, 2010 · 16 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. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 1
    2009 Preliminary Results
  2. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 2
    PREFACE This presentation, which is confidential and is being supplied in the United Kingdom only to persons with professional experience in matters relating to investments for the purposes of the Financial Services and Markets Act…
  3. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 3
    Overview Record net profit from continuing operations Strong balance sheet allows us flexibility to meet requirements of potential bond redemption, yet comfortably fund Capex and operating requirements PSDM seismic reprocessing in…
  4. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 4
    2009 Financial Summary (audited, US million) 2009 2008 Cash, Equivalents & Liquid Invest 307.6 303.4 Net Profit1 51.1 411.1 Operating Cash Flow2 77.0 45.1 Capex3 73.9 217.6 1 Net profit on 2008 disposal=356.7; 30.6 from…
  5. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 5
    Net Reserve Summary (mmbbls net working interest as at 31 December 2009) 2009 2008 2P 2P Vietnam 124.2 125.2 Congo 9.2 11.9 Thailand 9.1 7.0 142.5 144.1 Page 5
  6. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 6
    2010 Exploration/Appraisal Drilling Programme TGD appraisal well Vietnam 1Q/2Q10 (100 mmbbls) Add support for massive sand channel play 2/3 Exploration wells Nganzi 3Q10 (600 mmbbls) 3/4 Vietnam Appraisal wells TGT 3Q10 To…
  7. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 7
    SOCO- Areas of Activity THAILAND VIETNAM CONGO DRCONGO ANGOLA OPERATED NON-OPERATED Page 7
  8. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 8
    Cuu Long Basin Production, Development and Appraisal Areas Page 8
  9. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 9
    TGT2P/3P Reserves Distribution post PSDM reprocessing 2P Reserves Distribution based on 2006 PSTM 2P Reserves Distribution based on 2009 PSDM Page 9
  10. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 10
    TGD Fan Regional Section SW NE TGB-1X 11 TGD-1X-ST1 TGD-1X-ST1 TGD-1X TGD-1X (2) (3) 01 01 1 TGT-4X 02 TGT-1X TGT-1XTGT-2X 01 02 5236 m 18403 m 6964 m 2004_2D_901, 5429.62 Line: 1300.0 1300.0 1300.0 1300.0 1300.0 1300.0…
  11. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 11
    TGD 2X Location TGD 2X Page 11
  12. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 12
    North Congo Basin Structural Elements Page 12
  13. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 13
    NganziEstd Mean Recoverable Resources (mmbbls) A 200 B 200 C 65 D 200 Tot 665 Page 13
  14. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 14
    NganziDip Line 2008-13 Prospect B Prospect A Prospect C 3 1 Kilometer Page 14
  15. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 15
    Summary 2009 a record year for profitability from continuing operations 2010 will be the most prolific drilling campaign in terms of potential NET reserve adds with c600+ mmbbls possible Nganzi drilling potential adds NET 500…
  16. 2009 PRELIMINARY RESULTS – Soco International Plc – slide 16
    SOCO International plc St Jamess House 23 King Street London SW1Y 6QY United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.co.uk Page 16

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