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Q1 2014 EARNINGS CALL – Tethys Oil

Tethys Oil · May 6, 2014 · 26 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. Q1 2014 EARNINGS CALL – Tethys Oil – slide 1
    Q1 2014 6 May 2014 www.tethysoil.com
  2. Q1 2014 EARNINGS CALL – Tethys Oil – slide 2
    Q1 Highlights 25% Increase in average daily production quarter on quarter 65% Increase in average daily production compared with Q1-13 2 www.tethysoil.com
  3. Q1 2014 EARNINGS CALL – Tethys Oil – slide 3
    Average daily production in Oman 8 000 7 000 6 720 6 803 6 418 6 000 5 000 4 000 3 000 2 000 1 000 0 July April May September October November December January January February March…
  4. Q1 2014 EARNINGS CALL – Tethys Oil – slide 4
    Q1 Highlights Exploration and appraisal continues: New oil discovery onshore Oman Exploration well on area 6 flows in excess of 2,200 bopd Appraisal well 7 on area 4 confirms reservoir extension to south east High drilling activity…
  5. Q1 2014 EARNINGS CALL – Tethys Oil – slide 5
    Production 1 800 000 5 000 700 000 8 000 1 600 000 4 500 7 000 600 000 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 2 000 400 000 1…
  6. Q1 2014 EARNINGS CALL – Tethys Oil – slide 6
    Sales in barrels Barrels Barrels 900 000 850 926 10 000 300 000 280 782 30 000 271 175 776 248 24 123 800 000 0 20 000 250 000 700 000 609 -10 000 -13 261 209 538 213 397 10 000 600 000 -20 000 200 000 0 500 000 -30 000 156 816…
  7. Q1 2014 EARNINGS CALL – Tethys Oil – slide 7
    Sales MSEK MSEK 700 250 584 592 600 195 200 193 500 146 142 150 400 110 300 100 200 104 50 100 0 0 2011 2012 2012 Q1 2013 Q2 Q3 Q4 Q1 2014 Sales of oil and gas Sales of oil and gas Net oil sales of MSEK195 in Q1, up 1%…
  8. Q1 2014 EARNINGS CALL – Tethys Oil – slide 8
    Average selling price per barrel USD/bbl USD/bbl 115,0 115,0 110,0 110,4 110,0 108,5 107,6 107,3 107,4 106,6 106,6 105,0 105,0 102,1 100,0 100,0 2011 2012 2013 Q1 2013 Q2 Q3 Q4 Q1 2014 Ave selling price Ave selling…
  9. Q1 2014 EARNINGS CALL – Tethys Oil – slide 9
    EBITDA MSEK MSEK 600 88% 160 152 148 120% 509 140 104% 130 500 87% 479 86% 100% 120 400 84% 96 80% 100 75% 77% 83 68% 67% 300 82% 80 60% 81% 81% 60 200 80% 40% 40 100 84 78% 20% 20 0 76% 0 0% 2011 2012 2013 Q1 2013 Q2 Q3 Q4 Q1…
  10. Q1 2014 EARNINGS CALL – Tethys Oil – slide 10
    Expenses MSEK MSEK 200 70 175 6 31 60 5 150 50 125 6 29 40 8 100 30 59 75 152 57 12 42 20 37 50 96 25 10 17 20 0 0 2011 2012 2013 Q1 2013 Q2 Q3 Q4 Q1 2014 Administrative expenses Operating expenses Administrative…
  11. Q1 2014 EARNINGS CALL – Tethys Oil – slide 11
    Cash flow MSEK MSEK 500 467 175 442 150 150 400 134 125 111 300 100 83 74 75 200 50 91 100 25 0 0 2011 2012 2013 Q1 2013 Q2 Q3 Q4 Q1 2014 Cashflow from operations before Cashflow from operations before changes in working…
  12. Q1 2014 EARNINGS CALL – Tethys Oil – slide 12
    Net result after tax MSEK MSEK 350 120 314 105 300 100 250 240 80 200 58 60 52 150 45 39 40 100 69 50 20 0 0 2011 2012 2013 Q1 2013 Q2 Q3 Q4 Q1 2014 Result for the period Result for the period Result is up 29% Q-o-Q…
  13. Q1 2014 EARNINGS CALL – Tethys Oil – slide 13
    Balance Sheet Q1 2014 2014-03-31 2013-12-31 Cash (MSEK) 363 295 Total assets 1,625 1,563 Long term debts (MSEK) 423 422 Shareholders equity 1,127 1,100 A four-year, up to MUSD 100, senior revolving reserve based lending…
  14. Q1 2014 EARNINGS CALL – Tethys Oil – slide 14
    Investments MSEK MSEK 1000 120 114 875 100 800 80 80 600 60 60 400 45 290 40 35 208 200 20 0 0 2011 2012 2013 Q1 2013 Q2 Q3 Q4 Q1 2014 Investments Investments Majority of investments were made on Blocks 3 & 4…
  15. Q1 2014 EARNINGS CALL – Tethys Oil – slide 15
    Wells in Oman 40 16 15 37 35 35 14 30 12 10 25 10 9 22 8 8 20 8 15 6 10 4 5 2 0 0 2011 2012 2013 Q1 2013 Q2 Q3 Q4 Q1 2014 Wells drilled Wells drilled 15 wells completed in Q1 2014 fourth rig in operations January…
  16. Q1 2014 EARNINGS CALL – Tethys Oil – slide 16
    Reserves in Oman Reserves 31 December 2013, mmbo (Audited by DeGoyler and MacNaughton) 1P 2P 3P Farha South 8.9 11.7 13.5 Saiwan East* 0.7 1.3 2.8 Area 4 1.2 2.2 3.7 Total 10.8 15.2 20.0 *Includes Area 3, Oman Farha South field…
  17. Q1 2014 EARNINGS CALL – Tethys Oil – slide 17
    Block 3 and 4 stratigraphy 17 www.tethysoil.com
  18. Q1 2014 EARNINGS CALL – Tethys Oil – slide 18
    Oman Block 3 & 4 update Appraisal well 7 on area 4 confirms reservoir extension to the south east New oil discovery onshore Oman exploration well on area 6 flows in excess of 2,200 bopd Appraisal and exploration on Lower Buah…
  19. Q1 2014 EARNINGS CALL – Tethys Oil – slide 19
    Current projects 19 www.tethysoil.com
  20. Q1 2014 EARNINGS CALL – Tethys Oil – slide 20
    Farha South Oil Field Situation end December 2013 20 www.tethysoil.com
  21. Q1 2014 EARNINGS CALL – Tethys Oil – slide 21
    Farha South Oil Field Farha Old 3D Producing Barik FB: 17 Farha New 3D Leads South Farha South 21 www.tethysoil.com
  22. Q1 2014 EARNINGS CALL – Tethys Oil – slide 22
    Lower Buah exploration areas 22 www.tethysoil.com
  23. Q1 2014 EARNINGS CALL – Tethys Oil – slide 23
    Area 4 Structure 23 www.tethysoil.com
  24. Q1 2014 EARNINGS CALL – Tethys Oil – slide 24
    Lithuania Gargzdai licence drilling of infill wells in order to stabilize/increase the production Rietavas licence exploration well Kalnujai-1 drilled in the southern part of the licence work programme focused on analysis and…
  25. Q1 2014 EARNINGS CALL – Tethys Oil – slide 25
    Outlook Oman and Lithuania Further appraisal of exploration areas 4 and 6 ongoing New Lower Buah prospect drilling Far field exploration drilling in Masirah Graben in western part of Block 4 to commence Farha South water…
  26. Q1 2014 EARNINGS CALL – Tethys Oil – slide 26
    www.tethysoil.com

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