2014: A Year of Delivery for SOCO TGT development programme with eight wells drilled in 2014 H5 development ahead of the first oil schedule in September/ October 2015 Production performance of 13.6 KBOEPD (slightly below…
2015 Outlook and Current Trading Independent audit by Gaffney, Cline & Associates confirms managements estimates of Commercial Reserves and Contingent Resources for the Companys Vietnam assets as of 31 December 2014 released at Full…
Partner Reaction to Oil Price and Uncertainty 140/bbl Reduced partner appetite to commit to spending development capital in current oil 130/bbl price environment 120/bbl 110/bbl 2015 production target of 10.5-12 KBOEPD below…
TGT Field Potential Large Areal Extent of TGT TGT is a complex field with vast remaining potential To realise full field potential requires: Active reservoir management through additional water shut-offs and perforations…
SOCO Reserves and Contingent Resources (4) MMboe TGT CNV Congo Group SOCO WI Oil and Gas 2P Commercial Reserves (1)(2)(3) 1 January 2014 87.5 29.8 12.8 130.1 Production (4.2) (0.8) - (5.0) 2P Reserves, 31/12/2014 (pre revision and…
TGT Production Profiles Underpinning Reserves and Contingent Resources 90 KBOPD SOCO Initiatives 80 KBOPD 2C Full Development ERCE study completed building a TGT 240MMbbl Ultimate Recovery field wide model incorporating all data 70…
Africa: Focusing on High Impact Options Licence Status Analysis of the Lidongo X Marine-101 exploration well completed Marine XI SOCO in dialogue with Congo authorities regarding commercialisation Seismic reprocessing ongoing and…
Track Record of Realising Value Oct 1999 Aug 2001 Feb 2002 Nov 2004 Apr 2005 Feb 2008 Jul 2010 Asset Sales UK Onshore Russia Vietnam farm- Tunisia Mongolia Yemen Thailand 18ms 50m out 25m 93m 465m 105m Market cap (bn)…
SOCO International plc 48 Dover Street London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.com June 2015 11
Appendix June 2015 12
2014 Financial Summary Income Statement Items US millions, unless otherwise stated 2014 2013 Commentary 2014 production of 13,605 BOEPD vs. 2013 production of Sales revenue 448.2 608.1 16,694 BOEPD Oil price realised (/bbl)…
2014 Financial Summary Cash Flow Items US millions, unless otherwise stated 2014 2013 Commentary Operating cash flow before working 344.4 472.0 capital, interest and tax Change in working capital 37.6 3.3 2014 includes positive…
Production Detail Production of oil and gas by field (BOEPD unless stated otherwise) January January- -May May2015 2015 FY 2014 FY 2014 GROSS BASIS TGT Field Production 33,788 38,462 Oil (BOPD) 30,862 34,875 Gas 2,926 3,587…
Loading...
