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Q2 2010 HALF YEAR RESULTS – Soco International Plc

Soco International Plc · Aug 26, 2010 · 18 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 2010 HALF YEAR RESULTS – Soco International Plc – slide 1
    2010 Half Year Results
  2. Q2 2010 HALF YEAR 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. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 3
    Highlights Financial Oversubscribed placing of shares raised 102 million to insure financial flexibility to meet possible convertible bond redemption Two thirds of the bonds were redeemed (166 million), remainder of 84 million due…
  4. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 4
    1H10 Financial Summary (half year unaudited, US million) 1H10 1H09 2009 Cash 258.1 294.0 307.6 Profit 12.0 31.6 51.1 Operating Cash Flow1 24.5 25.8 77.0 Capex2 51.6 36.2 73.9 1 Production avgd 5,191 BOEPD in 1H10 vs 6,374…
  5. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 5
    2010 Exploration/Appraisal Drilling Programme TGD appraisal well Vietnam 1Q/2Q10 (100 mmbbls) Add support for massive sand channel play 3 Exploration wells Nganzi 3Q10 (600 mmbbls) 3/4 Vietnam Appraisal wells TGT 3Q10 To…
  6. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 6
    SOCO- Areas of Activity THAILAND VIETNAM CONGO DRCONGO ANGOLA OPERATED NON-OPERATED Page 6
  7. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 7
    Cuu Long Basin Production, Development and Appraisal Areas 30.5% WI 25% WI 58.5% WI Page 7
  8. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 8
    TGT2P/3P Reserves Distribution post PSDM reprocessing 2P Reserves Distribution based on 2006 PSTM 2P Reserves Distribution based on 2009 PSDM Page 8
  9. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 9
    Full Field TGT Facilities Development Scheme H1/H2-WHP 4 x 10 Multiphase pipelines HST-WHP 1 x 10 WI pipeline 1 x 8 Gas-lift supply pipeline TGT FPSO SSIV 1.8 km PLEM 8 km (PV G Ex s Scope 24 km ipeline ) port a…
  10. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 10
    TGD Location and Reserve Estimates TGD-2X Proposed Location Recoverable Hydrocarbons MMBOE P90: 50 P50: 100 P10: 200 Inline 1310 Proposed Location - Detail Page 10
  11. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 11
    TGDTop Supra-Volcanics Reservoir Sub-sea Structure Map X/Y: 806600 811600 816600 821600 826600 Meters TGX-1X TGT Development Area 0 4 60 0 48 0 1091700 1091700 460 0 48 0 0 46 00 1086700…
  12. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 12
    Central Africa: SOCOs Portfolio Page 12
  13. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 13
    North Congo Basin Structural Elements Page 13
  14. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 14
    NganziEstd Mean Recoverable Resources (mmbbls) A 200 B 200 C 65 D 200 Tot 665 Page 14
  15. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 15
    Albertine Graben Petroleum Activity Page 15
  16. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 16
    Block V DRCStructural Elements Block area: 7,447 sq km Basin area: 4,111 sq km 0 to 1,000 metres sediment 1,000 to 2,000 metres 2,000 to 3,000 metres 3,000 to 4,000 metres 4,000 metres Lava Flow Page 16
  17. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 17
    Summary Balance sheet strength enables complete financial flexibility in exploration programme 2010 will be the most prolific drilling campaign in terms of potential reserve adds with c700+ mmbbls possible Nganzi drilling…
  18. Q2 2010 HALF YEAR RESULTS – Soco International Plc – slide 18
    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 18

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