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…
Overview Financial Highlights Net cash of 178.0 million (31 December 2011: 113.5 million) Record revenues of 263.2 million (31 December 2011: 234.2 million) Operating profit increased 29% over full year 2011 (156.95 million) to…
1H12 Financial Summary (unaudited) ( US million, unless otherwise indicated) 1H12 1H11 2011 Sales revenue 263.2 26.4 234.2 WI Prod 12,197 boepd vs 2,339 (5,437-FY11) Realisations 120.68/bbl vs 118.09/bbl Cash, Equivalents & Liquid…
VietnamCuu Long Basin Blocks Acqd 20% non- controlling interest in SOCO Vietnam for 95 million TGT is largest development project in Companys history; H4 WHP brought on- stream one month early TGT 30.5% WI CNV 25% WI…
Te Giac Trang Field Layout FPSOTGT 1 H1WHP FPSO Storage Capacity: 4 x 10 Multiphase Pipelines 620,000 BBLS 10 Water Injection Pipeline Processing Capacities: 8 Gaslift Pipeline Crude oil rate 55,000 BOPD Produced water rate…
TGT Five Year Development Well Plan 2012 H1.1, H2N, H2, H2S 2 Infill 1 Producer 1 Appraisal H3N, H4S 5 Development 2013 H2S, H3, H4S, H5 2 Appraisal 2+1 Infill or Water Injector 1 Alternative Appraisal 2014 H1.1, H1.2, H2…
Project Update 8
North Congo BasinPre-salt Play Portfolio Cabinda 17%WI MXI 40.39% WI MXIV 29.4% WI Nganzi 65% WI 9
Marine XIProspects and Discoveries Loubana Sendji SE TOCA Subcrop Mpouli Douk Daka Lideka East Viodo 10
Congo BLideka East Prospect Estd mean predrill recoverable resources c. 70 mmbbl in primary target Sendji formation COS 40% Lideka Estd mean upside East Prospect recoverable resources c. 60 mmbbl in secondary formations…
Cabinda North Completed extensive seismic acquisition programme across the entire block Currently reviewing prospect portfolio for well location selection for drilling in late 2012/early 2013 12
Nganzi Block Activity Shallow (Chela) leads identified and mapped Preparing for potential drilling late 2012 13
Block V Activity Completed detailed environmental study together with relevant DRC authorities Preparing for Phase 1 exploration activity of high definition aeromagnetic aerogravity survey on the DRC side of Lake Edward in…
Primary Areas of New Venture Focus VIETNAM CONGO DRCONGO ANGOLA OPERATED NON-OPERATED 15
Positioned to Deliver Significant Value Record cash generation transforms balance sheet Continue to drive value enhancements within existing portfolio while using strong revenue to expand Excellent position to benefit from focus…
Outlook Very strong financially and will be generating more cash with stable production of ca. 16,000 boepd. Offers more options in enhancing shareholder value through development of the current portfolio adding new ventures…
SOCO International plc From 19th March 2012 48 Dover Street London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.com 18
Loading...
