Interim Presentation 2013 Fourth Quarter and Full Year
2013 highlights Record levels of operating revenue of NOK 2.97 billion and of operating cash flow of NOK 1.73 billion Operating profit of NOK 580 million following one-off charges for goodwill and impairments; absent charges, record…
CWI production 2013 full year average 39,170 boepd 2012 full year average 38,354 boepd 3,907 4,143 5,745 Kurdistan 10,736 Oman Yemen 24,527 28,466 2013 quarterly production 60,000 Kurdistan Oman Yemen 50,000 40,000…
Continuing to grow wellhead capacity at Tawke 300,000 Horizontal drilling is a field wide initiative and expected to take 250,000 wellhead capacity from 155,000 bopd to 270,000 bopd by yearend Gross wellhead capacity bopd…
Facilities expansion at Tawke Connected to new Kurdistan export pipeline at Fish Khabur New single day record for deliveries (pipeline and tanker) of 136,600 barrels Utilize early production packages to double facilities capacity to…
Progress at the Dohuk license Completed and tested Summail-1 well Summail-3 well now drilling and Summail-2 well to spud in second quarter Initial deliveries of 30-50 million cubic feet per Dohuk day (MMcfd) in first quarter…
Progress at the Erbil license Benenan-4 well drilled as both appraisal and production well ld Proved up oil outside mapped closure in several Cretaceous Najmeh intervals Expect material uplift in oil-in-place volumes Temporary…
Progress across portfolio Continue to de-risk, high grade and actively manage the portfolio Completed acquisition of interest in Sfax and Ras El Besh offshore Tunisia Acquired Block SL18 in Somaliland and farmed down to 60 percent…
Current drilling program (firm and contingent) 20.02.2014 2013 2014 2015 Q4 Q1 Q2 Q3 Q4 Q1 Rig-9 Benenan-4 Tawke-24 Tawke 29 (Jurassic) Benenan-5 Rig-10 Tawke-22 Summail-3 Summail-2 Tawke-25 Tawke-28 Summail-4 (gas) or -5 (oil)…
Interim Presentation 2013 Exploration and Appraisal Activities
Prospective resources to be drilled in 2014 Prospective Resources Targeted 2014 E&A Drilling Program Gross Un-risked DNO Interest MMbbls Percentage Kurdistan Peshkabir 225 55.00 Tawke Jurassic 150 55.00 Yemen Salsala (BL 32) 7…
Peshkabir Peshkabir-1 well discovered moveable oil in the Jurassic 200 km2 of new 3D seismic data Peshkabir-1A Peshkabir-1 greatly improved imaging of northern and southern flanks of the structure Significant bulk volume…
Tawke Jurassic Tawke-17 well confirmed oil in the Jurassic Sargelu interval which flowed 1,500 bopd of 26-28 API oil Tawke-29 well to appraise potential extent of Jurassic reservoir Map of deep exploration potential top…
Yemen Block 32 Appraise Salsala oil discovery in 2014 (Salsala-1 well tested 5,900 bopd) Block 43 Nabrajah-18 S2 side-track to test Shuqra formation Block 72 Gabdain-3 well to test basement prospectivity Block 84 Evaluation…
Oman Block 36 Block 36 shares the same petroleum systems as the prolific Rub al Khali Basin Large closures mapped on existing data Majority of block in oil window Reprocessing of existing 2D seismic data underway with…
Tunisia Sfax and Ras El Besh Three existing discoveries with estimated combined resources of 35 to 60 MMbbls Several exploration opportunities have also been identified Plan to drill Jawhara-3 exploration well in Q3 to test…
Increasing investments 3,000 Continue to invest to grow Development Exploration 2,500 2013 investments of NOK 1,756 million 2,000 2014 planned investments of NOK NOK million 1,500 2,700 million (of which exploration NOK…
Robust capital structure Strong financial position Capacity to execute work program and capitalize on new opportunities Cash position Net debt/cash Equity ratio 1482 1,800 500 428 1,645 1,618 400 60 % 57 % 1,600 1,508 55 %…
Financial results summary NOK million Q4 2013 Q3 2013 Q4 2012 FY2013 FY2012 Higher production in Sales 811.7 810.2 1,434.3 2,967.0 2,841.8 Oman helped Cost of goods sold -293.8 -317.8 -373.5 -1,224.8 -1,212.7 increase revenues Expensed…
2013 cash flow statement NOK million Q4 2013 Q3 2013 Q4 2012 FY 2013 FY 2012 Disciplined Profit before income tax -440.8 366.6 996.0 523.2 1,322.5 capital allocation Non cash items & changes in 1,071.9 136.1 28.1 1,681.4 563.1…
Interim Presentation 2013 Fourth Quarter and Full Year
Important notice This presentation (the Presentation) has been prepared and delivered by DNO International ASA (DNO or the Company). The Presentation and its contents is strictly confidential and may not be reproduced or redistributed, in…
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