Dana Gas Presentation to ADX Brokers 26 June 2013 www.danagas.com 1
Presentation Index Company Overview Q1 2013 Performance Highlights Summary Production Update Financial Update Receivables Update Business Performance Egypt Kurdistan Region of Iraq UAE Stock Performance…
Dana Gas: An Overview First regional private-sector natural gas company in the Middle East with around 300,000 investors Market Capitalization of 1 billion (AED 3.70 billion) Average Daily Traded Volume of 34 million (2nd rank in…
Q1 2013 Performance Highlights www.danagas.com 5
Performance Highlights Production up at 61,200 BOEPD, up 3% on Q-o-Q basis; marginal decline (3%) on Y-o-Y basis Further upside in Egypt as newly discovered wells and compression facilities are being brought on stream LPG production…
Production Highlights Q1 2013 Vs Q1 2012 Production (Boepd) 70,000 Q1 2013 Q1 2012 61,400 63,000 60,000 50,000 40,000 33,700 34,500 30,000 27,700 28,500 20,000 10,000 0 Total Egypt Kurdistan (40% WI) Includes Gas…
Trade Receivables As of 31 March 2013 (all figures in US mm) 400 380 354 300 236 236 200 100 9 9 0 Dana Gas Egypt PPCL UGTC Q1 2013 Q4 2012 www.danagas.com 9
Billing & Collection As of March 2013 (all figures in US mm) Dana Gas Egypt Pearl Petroleum (40%) 95% 55% 300 180 171 163 258 160 250 140 200 120 US Million US Million 100 150 143 80 100% 60 100 56% 41 41 57 40…
Business Performance - Egypt www.danagas.com 11
Egypt: Q1 2013 Results Discoveries: Begonia -1 potential under evaluation; full interpretation of testing results expected to be completed by Q2 2013 New Development Leases: - Sama Amendment (West Sama) - El Basant Amendment…
EBGDCO: Q1 2013 Results Production: Gas plant throughput started averaged 75 MMSCFD until February 2013 since when it is averaging 85-90 MMSCFD Extensive communication with the Ministry and EGPC ongoing to achieve the contracted…
Business Performance Kurdistan, Iraq www.danagas.com 14
Kurdistan, Iraq: Q1 2013 Results Pearl Petroleum Company Ltd ownership: Dana Gas 40% Q1 2013 RESULTS & PLANS Crescent Petroleum 40% OMV 10% MOL 10% Production via: Early Production Facility Train 1 & 2 Gas production 320 330…
UAE Project www.danagas.com 16
Sharjah Western Offshore Concession Development Plan of 140 million includes: Install platform and 25km flow-line Gas processing plant onshore Re-entry of existing wells and/or drilling of one well Initial flow rate of 40…
Stock Performance www.danagas.com 18
Significant Outperformance in Recent Times www.danagas.com 19
Significant Outperformance to MSCI EM www.danagas.com 20