Skip to main content Q2 2012 PRESENTATION – Dno International Asa | Shale Experts
Loading...
Pm

Q2 2012 PRESENTATION – Dno International Asa

Dno International Asa · Aug 22, 2012 · 31 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 2012 PRESENTATION – Dno International Asa – slide 1
    DNO International Q2 2012 Presentation 22 August 2012
  2. Q2 2012 PRESENTATION – Dno International Asa – slide 2
    Q2 2012: Operational and financial highlights Company Working Interest production dropped to 23,234 boepd but expected to recover in second half Net loss of NOK 176 million on revenues of NOK 155 million following reconciliation of…
  3. Q2 2012 PRESENTATION – Dno International Asa – slide 3
    Production trend and lifting cost 90,000 Lifting cost YTD 2012: USD 7.26/bbl 80,000 YTD 2011: USD 3.59/bbl 81,446 70,000 73,905 60,000 62,966 59,452 50,000 52,814 48,582 40,000 41,621 42,116 39,945 36,773 30,000…
  4. Q2 2012 PRESENTATION – Dno International Asa – slide 4
    Key numbers 1H 2012 compared with 1H 2011 1,200 1,013 1,000 867 800 711 664 600 531 YTD Q2 2011 408 YTD Q2 2012 400 200 131 48 0 Operating revenue EBITDA Net profit Netback Q2 2012 Presentation 4
  5. Q2 2012 PRESENTATION – Dno International Asa – slide 5
    Renewed focus on Yemen Block 53 Block 32 DNO holds 24.45% (32.60% paying) DNO holds 38.95% (41.00% paying) Operated by Dove Operated by DNO Gross production around 5,600 bopd Gross production around 2,900 bopd Block 72 Block 43 DNO…
  6. Q2 2012 PRESENTATION – Dno International Asa – slide 6
    Yemen drilling and field development back on track Drilling Tasour-27 (Block 32) spudded on 3 July and in production on 30 July Nabrajah-21 (Block 43) spudded 9 August. Four more wells on 2012 drilling schedule for DNO in Yemen…
  7. Q2 2012 PRESENTATION – Dno International Asa – slide 7
    Tasour-27 (Block 32): Fast track low cost infill drilling Spud: 03.07.12 On production: 30.07.12 Current production: 250 bopd Q2 2012 Presentation 7
  8. Q2 2012 PRESENTATION – Dno International Asa – slide 8
    Nabrajah-21 (Block 43): First horizontal Qishn infill well Top Qishn Depth Map Q2 2012 Presentation 8
  9. Q2 2012 PRESENTATION – Dno International Asa – slide 9
    Maintaining a lead position in Kurdistan Tawke capacity approaching 100,000 bopd Active drilling campaign supported by three high performance rigs First stage of the Benenan/ Bastora development commenced through Benenan-3…
  10. Q2 2012 PRESENTATION – Dno International Asa – slide 10
    Tawke: Extensive short term drilling plan Tawke-18 currently drilling Tawke-13 Tawke-19 after Tawke-18 Tawke-14 Tawke-17 Tawke-14 side track under consideration Tawke-17 (Tawke Deep) expected Tawke-19 to spud in September with new…
  11. Q2 2012 PRESENTATION – Dno International Asa – slide 11
    Tawke-18 A combined producer and exploration well Tawke N-Fault is the major thrust fault with approx 800m displacement in this section of the structure Tawke-18 has a primary objective of increasing Cretaceous production capacity in…
  12. Q2 2012 PRESENTATION – Dno International Asa – slide 12
    Peshkabir-1 Confirmed movable oil in Jurassic. Further testing planned in 2012 Discovery notice submitted to KRG 200 sq km 3D seismic survey initiated as part of a comprehensive appraisal program Q2 2012 Presentation 12
  13. Q2 2012 PRESENTATION – Dno International Asa – slide 13
    Tawke-17 (Tawke Deep) Production capacity well in discovered Cretaceous fault-block Exploration test in Jurassic and Triassic Q2 2012 Presentation 13
  14. Q2 2012 PRESENTATION – Dno International Asa – slide 14
    Summail 3D seismic completed Declaration of Commerciality in progress Gas development considerations ongoing Heavy oil study initiated Q2 2012 Presentation 14
  15. Q2 2012 PRESENTATION – Dno International Asa – slide 15
    Developing the Benenan/Bastora oil discoveries Benenan/Bastora development initiated by spudding the Benenan-3 horizontal well Designed to further appraise the Benenan discovery and contribute to additional production First stage…
  16. Q2 2012 PRESENTATION – Dno International Asa – slide 16
    Restoring and increasing production from West Bukha WB-5, the first of a three well drilling campaign, completed 4.3 km pipeline replaced Production expected to resume by end August Accelerated recovery of deferred production
  17. Q2 2012 PRESENTATION – Dno International Asa – slide 17
    West Bukha-4 Planned TD: 5910m MD BRT (4050m TVD SS) Target Formation: Lower Mishrif and Mauddud Long tangent section at 47deg Q2 2012 Presentation 17
  18. Q2 2012 PRESENTATION – Dno International Asa – slide 18
    Investigating options for developing our onshore Oman licenses DNO DNO DNO Q2 2012 Presentation 18
  19. Q2 2012 PRESENTATION – Dno International Asa – slide 19
    Block 31 Oman onshore Al Jariya high impact prospect ALJARIYA Prospect Line NV03-109 BLOCK 31 Top Carbonates Regional Time Map Very interesting HPHT prospect with significant volume potential Will be matured for possible…
  20. Q2 2012 PRESENTATION – Dno International Asa – slide 20
    Ras Al Khaimah Key Facts Saleh/Rak B Saleh Field Revised Development Strategy Ownership(1) DNO, 70% (operator) RAK Gas, 30% Gas / condensate - in production 1984 -1996 109 bcf of gas and 14.4 mmbbls of condensate produced to Fiscal…
  21. Q2 2012 PRESENTATION – Dno International Asa – slide 21
    Building new business in Tunisia Fkirine Commenced 260 km 2D seismic acquisition Reprocessing 300 km of previous seismic Hammamet Offshore Reviewing block potential Applied to enter second term of license Q2 2012…
  22. Q2 2012 PRESENTATION – Dno International Asa – slide 22
    Key operating priorities in second half of 2012 Full speed ahead in Kurdistan 100,000 bopd in Tawke capacity by year-end Develop Benenan and Bastora Further appraise Peshkabir and Summail Restore production in Oman Previously…
  23. Q2 2012 PRESENTATION – Dno International Asa – slide 23
    YTD Q2 2012: Positive underlying financial performance YTD key financials 1200 YTD financial results and cash Revenues Netback Operating Profit flow sustained by solid operations 1000 Q2 P&L results reduced by Tawke revenue…
  24. Q2 2012 PRESENTATION – Dno International Asa – slide 24
    YTD Q2 2012: YTD growth, adjusted for one-offs YTD key financials 1400 Growth in YTD revenues, Revenues Netback Operating Profit operating profit and cash flow, 1200 adjusted for Tawke revenue reconciliation in Q2. 1000…
  25. Q2 2012 PRESENTATION – Dno International Asa – slide 25
    Condensed income statement Restated Restated NOK mill Q2 2012 Q1 2012 Q2 2011 YTD 2012 YTD 2011 Sales 155.4 711.5 732.0 866.9 1,013.3 Cost of goods sold -232.3 -260.3 -353.9 -492.6 -544.0 Gross profit -76.9 451.2 378.1 374.3 469.3 Dry…
  26. Q2 2012 PRESENTATION – Dno International Asa – slide 26
    Cash flow statement Restated Restated NOK mill Q2 2012 Q1 2012 Q2 2011 YTD 2012 YTD 2011 Profit/(loss) before income tax -163.2 390.8 187.4 227.6 115.0 Non cash items and changes in 618.3 -1.9 159.8 616.4 218.2 working capital Taxes and…
  27. Q2 2012 PRESENTATION – Dno International Asa – slide 27
    Q2 2012: Robust cash position maintained Cash Net Interest-Bearing Debt Q1 2011 Q2 2011 Q1 2012 Q2 2012 Q1 2011 Q2 2011 Q1 2012 Q2 2012 1,800 200 1,638 1,602 97 1,600 100 6 1,400 1,245 0 1,200 -100 NOK million NOK…
  28. Q2 2012 PRESENTATION – Dno International Asa – slide 28
    Solid balance sheet Assets Equity and liabilities 8,000 Non-current assets Other current assets 8,000 Shareholders equity Non-current liabilities Current liabilities Cash and cash equivalents 7,000 7,000 Short-term interest bearing…
  29. Q2 2012 PRESENTATION – Dno International Asa – slide 29
    Capital expenditure Yemen Kurdistan Oman UAE Other 300 Capex NOK 264 million in Q2 Kurdistan NOK 139 million 250 Oman NOK 106 million 200 Yemen NOK 23 million NOK million 150 100 50 0 Q1 2011 Q2 2011 Q3 2011 Q4…
  30. Q2 2012 PRESENTATION – Dno International Asa – slide 30
    Investments in line with guidance 2012 Guidance NOK million Significant increase in investments 600 Development CAPEX NOK 1 billion Exploration NOK 250 million 500 YTD 2012 Actual investments 400 Development CAPEX and capitalized…
  31. Q2 2012 PRESENTATION – Dno International Asa – slide 31
    IMPORTANT NOTICE The information contained in this results presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy,…

From the store

Browse maps, data & reports in the Shale Experts store