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MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc

Soco International Plc · Jan 2, 2012 · 24 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. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 1
    January 2012 - Macquarie's Oil & Gas Explorers Conference
  2. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – 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. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 3
    About SOCO Managed by experienced professionals trained in the major oil companies Focused on oil exploration projects that can be commercialised in a 5-10 year time frame Fund exploration off the balance sheet Manage risk…
  4. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 4
    Overview Brought largest development project in Companys history into production on time and on budget in August 2011: Phase 1 from northern platform currently c. 35,000 BOPD, plan to bring production up 55,000 BOPD to be presented…
  5. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 5
    1H10 Financial Summary (half year unaudited, US million) 1H11 1H10 2010 Cash 213.1 258.1 260.4 Profit (from cont ops) 6.8 3.73 12.33 Operating Cash Flow1 13.2 24.5 36.7 Capex2 65.0 51.6 151.9 1 Production avgd 2,339 BOEPD…
  6. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 6
    Net Reserve Summary (mmbbls net working interest as at 31 December) 2010 2009 2P 2P Vietnam 123.4 124.2 Congo 9.2 9.2 Thailand1 --- 7.0 132.6 140.4 1 Disposal as at 20 Sept 2010 for 105 million 6
  7. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 7
    SOCO - Areas of Activity VIETNAM CONGO DRCONGO ANGOLA OPERATED NON-OPERATED 7
  8. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 8
    Cuu Long Basin Production, Development and Appraisal Areas 30.5% WI 25% WI 58.5% WI 8
  9. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 9
    Full Field TGT Drilling and Development Scheme H1/H2-WHP 4 x 10 Multiphase pipelines 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. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 10
    TGT Early Reservoir Testing 10
  11. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 11
    2012 HL/HVJOC Drilling Schedule 11
  12. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 12
    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…
  13. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 13
    TGD Fan Potential 13
  14. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 14
    Central Africa: SOCOs Portfolio 14
  15. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 15
    North Congo Basin Structural Elements 15
  16. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 16
    Congo: Marine XI and XIV Blocks 16
  17. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 17
    Nganzi Block: Proposed 2011 Infill Seismic Evaluation of well results completed Chela leads identified and mapped Seismic programme planned for 1Q2012 17
  18. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 18
    Albertine Graben Petroleum Activity 18
  19. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 19
    Block V: area of planned activity BLOCK V AND THE VIRUNGA NATIONAL PARK KEY The Virunga National Park The Mikeno Gorilla Sector (part of the Virunga National Park) The boundaries of Block V, SOCOs licence area for…
  20. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 20
    2011/2012 Exploration Drilling Schedule 20
  21. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 21
    Revenue/Cash profile ( CNV + Phase I TGT only, 100mm Capex, no future exploration success) 1200 1000 800 600 MM 400 200 0 2010 2011 2012 2013 2014 2015 Revenue (90/bbl) Y/E cash balance (90/bbl) Revenue…
  22. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 22
    Substantial Shareholders (in millions of shares) Name of Holder Number % Pontoil Intertrade Limited 80.8 23.9 BlackRock, Inc. 34.0 10.0 Chemsa Ltd (Previously the Estate of P. Maugein, former SOCO Chairman) 24.4 7.2 Legal &…
  23. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 23
    Summary Significant increase in net production and cash flow in 4Q11 Additional TGT development drilling expected to solidify value New ventures being pursued in SE Asia and Africa Considerable amount of near term news flow…
  24. MACQUARIE'S OIL & GAS EXPLORERS CONFERENCE – Soco International Plc – slide 24
    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 24

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