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HALF YEAR RESULTS – Soco International Plc

Soco International Plc · Aug 24, 2011 · 20 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. HALF YEAR RESULTS – Soco International Plc – slide 1
    24 August 2011Half Year Results
  2. 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. HALF YEAR RESULTS – Soco International Plc – slide 3
    Overview Financial Cash and equivalents balance of 213 million Operational TGT commenced production on 22 August Rigs secured for all of 2011 drilling programme Extension of TGD appraisal area Outlook Expect TGT to ramp up to…
  4. HALF YEAR RESULTS – Soco International Plc – slide 4
    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…
  5. HALF YEAR RESULTS – Soco International Plc – slide 5
    SOCO - Areas of Activity VIETNAM CONGO DRCONGO ANGOLA OPERATED NON-OPERATED 5
  6. HALF YEAR RESULTS – Soco International Plc – slide 6
    Cuu Long Basin Production, Development and Appraisal Areas 30.5% WI 25% WI 58.5% WI 6
  7. HALF YEAR RESULTS – Soco International Plc – slide 7
    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…
  8. HALF YEAR RESULTS – Soco International Plc – slide 8
    TGT FPSO flare from first oil 8
  9. HALF YEAR RESULTS – Soco International Plc – slide 9
    Central Africa: SOCOs Portfolio 9
  10. HALF YEAR RESULTS – Soco International Plc – slide 10
    North Congo Basin Structural Elements 10
  11. HALF YEAR RESULTS – Soco International Plc – slide 11
    Congo: Marine XI and XIV Blocks 11
  12. HALF YEAR RESULTS – Soco International Plc – slide 12
    Ensco 5003 under tow 12
  13. HALF YEAR RESULTS – Soco International Plc – slide 13
    Offshore Congo Drilling Programme Joint Programme on Marine XI and Marine XIV with pre-drill recoverable resource ests 250mmbbl Two firm wells MIM-1 to test Toca/Djeno on Marine XI MKM-1 to test Sendji on Marine XIV One contingent…
  14. HALF YEAR RESULTS – Soco International Plc – slide 14
    Nganzi Block: Proposed 2011 Infill Seismic Evaluation of well results completed Chela leads identified and mapped Seismic programme planned for 3Q2011 14
  15. HALF YEAR RESULTS – Soco International Plc – slide 15
    Albertine Graben Petroleum Activity Block V EIA approved in July Aeromag/gravity survey 4Q11 Lake seismic programme planned for 1Q12 15
  16. HALF YEAR RESULTS – Soco International Plc – slide 16
    Block V: area of planned activity SOCO Area of Activity, the Virunga National Park and the Mountain Gorilla Habitat Data Source: Mountain Gorilla Distribution from WWF 2010 Census Lake Edward Block V Exploration Area…
  17. HALF YEAR RESULTS – Soco International Plc – slide 17
    2011/2012 Drilling Schedule 17
  18. HALF YEAR RESULTS – Soco International Plc – slide 18
    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…
  19. HALF YEAR RESULTS – Soco International Plc – slide 19
    Summary Exponential increase in net production and cash flow in 4Q11 Phase II TGT development drilling commences in weeks Exploration drilling programme in offshore Congo offers substantial upside New ventures being pursued in…
  20. HALF YEAR RESULTS – Soco International Plc – slide 20
    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 20

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