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Q2 2014 EARNINGS CALL – Tethys Oil

Tethys Oil · Aug 19, 2014 · 20 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 2014 EARNINGS CALL – Tethys Oil – slide 1
    Q2 2014 19 August 2014
  2. Q2 2014 EARNINGS CALL – Tethys Oil – slide 2
    Q2 Highlights Record net sales of MSEK 245, up 26% compared to Q1 EBITDA of MSEK 192, up 48% compared to Q1 Net result MSEK 107, up 86% compared to Q1 Earnings per share SEK 3.02 for Q2 MSEK 400 bond loan redeemed after MUSD 100…
  3. Q2 2014 EARNINGS CALL – Tethys Oil – slide 3
    Tethys assets Country Licence Area, Tethys Partners* 2P reserves Production km2 share (mmbo) Q2 2014 (bopd) Producing Assets Oman Block 3 & 4 34,610 30% CC Energy, Mitsui 15.2 7,116 Lithuania Gargzdai 884 25% Odin Energi, 1.7 116…
  4. Q2 2014 EARNINGS CALL – Tethys Oil – slide 4
    Independent petroleum consultant Reserves DeGolyer and MacNaughton (D&M) reviews Tethys Oils reserves in Reserves Oman Oman annually. (31 Dec 2013, mmbo) 1P 2P 3P Following successful drilling during the Farha South 8.9 11.7 13.5…
  5. Q2 2014 EARNINGS CALL – Tethys Oil – slide 5
    Average daily production in Oman 9 000 8 239 8 000 7 326 6 959 7 065 7 000 6 000 5 000 4 000 3 000 2 000 1 000 0 October April July Januari April July May August May March November…
  6. Q2 2014 EARNINGS CALL – Tethys Oil – slide 6
    Production Barrels Barrels 1 800 000 5 000 700 000 8 000 1 600 000 4 500 600 000 7 000 1 400 000 4 000 6 000 3 500 500 000 1 200 000 3 000 5 000 1 000 000 400 000 2 500 4 000 800 000 300 000 2 000 3 000 600 000 1 500 200 000…
  7. Q2 2014 EARNINGS CALL – Tethys Oil – slide 7
    Sales in barrels Barrels Barrels 900 000 850 926 10 000 400 000 0 776 248 350 059 800 000 0 350 000 -5 000 700 000 609 -10 000 -10 000 -13 261 300 000 271 175 280 782 -15 000 600 000 -20 000 -19 804 250 000 -20 000 500 000 -30 000…
  8. Q2 2014 EARNINGS CALL – Tethys Oil – slide 8
    Sales MSEK MSEK 700 300 584 592 600 245 250 500 193 195 200 400 150 142 300 110 100 200 104 50 100 0 0 2011 2012 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Sales of oil and gas Sales of oil and gas Net oil…
  9. Q2 2014 EARNINGS CALL – Tethys Oil – slide 9
    Average selling price per barrel USD/bbl USD/bbl 115,0 115,0 110,0 110,4 110,0 108,5 107,4 107,3 106,6 106,6 105,9 105,0 105,0 102,1 100,0 100,0 2011 2012 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Ave selling…
  10. Q2 2014 EARNINGS CALL – Tethys Oil – slide 10
    EBITDA MSEK MSEK 600 88% 250 80% 509 78% 78% 500 87% 479 86% 77% 192 200 76% 75% 74% 400 84% 148 150 72% 130 300 82% 96 70% 81% 81% 100 83 68% 200 80% 68% 67% 66% 84 50 64% 100 78% 62% 0 76% 0 60% 2011 2012 2013 Q2 2013…
  11. Q2 2014 EARNINGS CALL – Tethys Oil – slide 11
    Expenses MSEK MSEK 200 70 175 6 31 60 150 50 8 125 6 28 40 8 100 30 59 75 152 12 46 20 42 50 96 37 25 10 17 20 0 0 0 2011 2012 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Operating expenses Administrative expenses…
  12. Q2 2014 EARNINGS CALL – Tethys Oil – slide 12
    Adjusted net back and opex per barrel* USD/bbl USD/bbl 70,0 60,0 60,0 50,0 50,0 40,0 40,0 41,1 41,9 40,0 44,4 43,8 45,9 41,5 30,0 30,0 20,0 20,0 10,0 10,0 14,1 14,7 13,2 14,5 11,3 11,0 11,2 0,0 0,0 2012 2013 Q2 2013…
  13. Q2 2014 EARNINGS CALL – Tethys Oil – slide 13
    Cash flow MSEK MSEK 600 175 530 146 500 150 127 124 125 400 336 100 300 79 75 68 200 50 114 100 25 0 0 2011 2012 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Cashflow from operations Cashflow from operations…
  14. Q2 2014 EARNINGS CALL – Tethys Oil – slide 14
    Net result after tax MSEK MSEK 350 120 314 107 300 100 250 240 80 200 58 60 52 150 45 39 40 100 69 50 20 0 0 2011 2012 2013 Q2 Q3 Q4 Q1 2014 Q2 Result for the period Result for the period Result is up 86% Q-o-Q…
  15. Q2 2014 EARNINGS CALL – Tethys Oil – slide 15
    Balance Sheet Q2 2014 (MSEK) 2014-06-30 2014-03-31 2013-12-31 Cash 33 363 295 Long term debts 30 423 422 Net debt -3 60 127 Total assets 1,367 1,625 1,563 Shareholders equity 1,284 1,127 1,100 A four-year, up to MUSD 100,…
  16. Q2 2014 EARNINGS CALL – Tethys Oil – slide 16
    Oil and gas investments MSEK MSEK 1000 140 875 122 120 800 100 600 79 80 73 59 400 60 290 45 40 200 20 44 0 0 2011 2012 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Oil and Gas Investments Oil and Gas Investments…
  17. Q2 2014 EARNINGS CALL – Tethys Oil – slide 17
    Wells in Oman 40 37 16 15 35 35 14 12 30 12 10 25 22 10 9 8 20 8 15 6 10 4 5 2 0 0 2011 2012 2013 Q2 Q3 Q4 Q1 2014 Q2 Wells drilled Wells drilled 12 wells drilled in Q2 2014 5 appraisal/exploration wells in Block 4 3…
  18. Q2 2014 EARNINGS CALL – Tethys Oil – slide 18
    Current activities Drilling on Raseiniai license in Lithuania later this year Farha South water injection programme nearing completion Exploration/appraisal in Farha South and South B4EW7 Farha South Exploration drilling of…
  19. Q2 2014 EARNINGS CALL – Tethys Oil – slide 19
    Current operations Lower Buah areas and Saiwan East field (Khufai) 19
  20. Q2 2014 EARNINGS CALL – Tethys Oil – slide 20
    Q2 2014 19 August 2014

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