Q2 2014 and year-to-date highlights Foot still firmly on the accelerator in Q2 Record gross production of 138,569 barrels of oil equivalent per day (boepd), up 76 percent from Q1 Record company working interest (CWI) production of…
CWI production 90,000 Kurdistan local sales Kurdistan volumes delivered at Fish Khabor for transport to Ceyhan Oman Yemen 81,669 80,000 2,764 7,691 70,000 60,000 24,110 45,744 50,000 2,505 39,965 39,170 40,000 38,354…
Charging ahead at Tawke In Q2, three new single day records set at Tawke: daily production of 133,192 barrels, daily export deliveries of 126,048 barrels and daily local sales of 114,760 barrels Average quarterly production increased…
Dohuk and Erbil update Dohuk license Sales of gas from the Summail field to the Dohuk power plant commenced in late May and currently average 40 mmcf/d from first well Second well suspended for further evaluation and stimulation…
Oman and UAE Oman Block 8 West Bukha-5 well returned to service following extensive workover and tested 2,600 bopd and 10 mmcf/d of gas, increasing Block 8 deliveries to around 10,000 bopd and 45 mmcf/d New development well planned…
Yemen and Tunisia Yemen Labor union strike ended after ten days, minor production effect Q2 CWI production averaged 2,764 bopd Civil unrest continues to delay drilling and development activity Tunisia Sfax offshore permit…
Drilling activity overview Production and development drilling schedule 2014 2015 Country Well name DNO interest Q2 Q3 Q4 Q1 Q2 Tawke-24 55.00 % Tawke-26 55.00 % Tawke-25 55.00 % Kurdistan Tawke-28 55.00 % Tawke-27 55.00 % Summail-2…
Expanding a successful MENA franchise DNO present in MENA since 1998 MENA offers significant oil and gas potential Notwithstanding the challenges of operating in a region in ongoing turmoil Staying ahead of our competition and ahead of…
Continuing commitment to Kurdistan This past quarter marked the 10th anniversary of DNOs entry into Kurdistan First Western exploration and production company in the region when security conditions were challenging like today, albeit…
Financial results key figures Q2 revenues up 27 percent on increased production Increase in netback to USD 101 million in Q2 YTD financial results do not include contribution of value from Tawke oil exports Revenues (USD Million)…
Q2 2014 revenue and gross profit distribution Revenues USD Million Gross Profit USD Million Oman: 3.7 Oman: 24 Yemen: 4.4 Yemen: 17 Kurdistan: 103 Kurdistan: 59.9 Interim Presentation 2014 - Second Quarter 15
Financial Summary USD Million Q2 2014 Q1 2014 Q2 2013 YTD 2014 YTD 2013 Highlights YTD sales Sales 143.4 112.8 130.9 256.2 234.2 increase on higher Cost of goods sold -78.9 -71.1 -57.0 -150.0 -106.8 local sales from Tawke Gross profit…
Increasing investments in line with plan Capex and capitalized exploration 110 Kurdistan Oman Yemen UAE Tunisia Other Capex and capitalized exploration increased 100 to USD 97 million in Q2, mainly for capacity 90 expansion and…
Q2 cash flow movements Q2 cash flow from operations reduced by build-up in working capital Capital expenditures in the quarter still mainly funded by cash flow 350 300 71.7 -9.5 -4.8 250 200 242.2 -97.2 -7.8 195.1…
Robust capital structure Maintained strong balance sheet with low leverage Capacity to execute work program and capitalize on new opportunities Cash deposits (USD Million) Financial assets* (USD Million) Equity ratio (percent) 300…
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