Forward looking statements and risks This presentation contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Orcas control, including the impact…
Orca summary Target Increasing shareholder value through low-risk organic growth Growth Currently expanding gas production Planning a major long term expansion Listing TSXV ORC.B (Cdn 3 per share) Gas Production Gross 50 70 mmscfd at…
Tanzania asset background Vertically integrated gas company z Has rights to Songo Songo reserves z Operates upstream and downstream Songo Songo project z Gas wells with 210 mmscfd capacity z 90 mmscfd gas processing facility z…
Songo Songo gas chain Power Songo Songo Wells Gas Pipeline from Dar Field processing Songo Songo distribution plant to Dar system Infrastructure Orca Orca Songas ownership TPDC TPDC Industrial Operatorship Orca Songas…
Downstream gas markets expansion Two large permanent power stations on line (292 MW) One 45 MW power station under construction, one 245 MW station in planning stages Two leased short term plants potentially being decommissioned…
Gas production growth: status and plans mmscfd 90 Daily Protected and Additional Gas: Jan-Dec 2008 80 Village Electrification Former facility limit 70 Wazo Hill 60 Songas 50 Wartsila 100MW Dowans Site B 40 Dowans Site A 30 Aggreko…
Cash situation, valuation, and share price Current cash of US11 million no term debt Cash flow during 2009 expected to generate funds before working capital changes of US 15 18 million Budgeted capex of US11 million in 2009 The…
Financial and operating highlights: steady growth 2008 2007 2006 2005 US000 except where otherwise stated 9 mo Revenue 17,411 18,777 13,828 5,759 Profit before taxation (7,831) 3,775 4,261 953 Profit per share diluted (US) (0.32)…
Base Case expansion basis Development of the Songo Songo field whilst minimising the need for new funding Peak demand of approx 200 mmscf/d and an average maximum rate of approx 160 mmscf/d z Infrastructure (gas processing and…
Life of field remaining reserves growth Life of Field, Audited reserves (BCF) Orca Reserves growth 1,200 Possible continues as a result of Probable production and drilling Proved, in excess of PG data Protected Gas 1,000…
Development Songo Songo field Songo Songo North Development Prospect Orca Management Base Case z Songo Songo + Songo Songo North ultimate recoverable reserves: 1.1 TCF z Requires the drilling of SS North (SS 11) in 2010/11,…
Exploration - Songo Songo West SS West prospect is 4km to the west of main field 2 suitable locations for drilling have been identified z EIA underway 2 suitable jackup rigs have been identified z Drilling deferred until 2010 when…
Indicative Base Case growth in sales volumes Target average gas sales per day (Mmscf/d) 180 CNG CNG for vehicles 160 Industrials New power 140 Existing power (PGSA and ARGA) Wazo Hill cement plant 120 Protected Gas Mmscf/d…
Additional Gas prices 16.00 14.00 12.00 10.00 US/mcf Industrial prices 8.00 Power prices 6.00 4.00 2.00 0.00 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Two long term power…
Indicative capital expenditure Base Case indicative forecast gross capital expenditure 70 SSN drilling and tie in 60 Main field drilling and tie in Downstream 50 Field compression US million 40 30 20 10 - 2009 2010…
Indicative Base Case cash flows Indicative Base Case target cash flows for the Tanzanian operations after TPDC back in 100 Profit Gas Cost Gas Additional Profits Tax 80 Admin & marketing Opex Capex Post tax net cash flows 60 US…
New Opportunities Immediate focus is on exploration and expansion of natural gas in Tanzania Uganda Block 5 exit z After seismic acquisition, technical evaluation indicated that the level of risk was higher than expected z Orca is…
Loading...
