Presentation team Phillip Ihenacho Chief Executive Officer Co-founder of Amaya Capital Partners, an early investor and active supporter of Seven Energy Established and ran Afrinvest for over 10 years Former chairman of the Aureos…
Operations performance OPL 905 - 90% licence interest OPL 907/917 41%/42% licence interest 54,400 bopd gross oil production 43.9 MMcfpd average gas deliveries Gas receiving facility - commissioned 5 Jun-15
South east overview Reserves and resources split Total: 129 (MMboe) 2P 2C Oil 7 5 Gas 65 52 9% Gas Oil 91% Customers average daily sales progress 70 61.1 60 9.4 50 43.9 MMcfpd 13.5 40 12.8 30 17.0 17.3…
North west overview Reserves and resources split Total: 222 (MMboe) 2P 2C Oil 68 50 Gas 80 24 53% Gas Oil 47% Q1 2015 Highlights Production 54,400 bopd daily average gross production (Q1 2014: 36,400 bopd) 69,500 bopd…
Income statement 80 2 Oil Gas 60 m Q1 2015 Q1 2014 963% 17 m 40 Revenue 54 68 66 Cost of sales 20 37 - Production expenses (42) (29) - Increase / (decrease) in underlift 29 (43) 0 Q1 2014 Q1 2015 Depletion (33) (9) Q1…
Balance sheet m Q1 2015 Year end 2014 Intangible asset additions (57 million increase) 45 million GTPL (OPL 905 50% licence interest acquired) Intangible assets 131 74 12 million Uquo North East-1 Property, plant and equipment 1,877…
Cash flow m Q1 2015 Q1 2014 Operating cash flows before movements in working 33 (17) capital Operating cash flows (24 million increase) 54 million operating cash flow provided predominantly Working capital movements 12 (36)…
2015 funding plan Accugas facility Progressed refinancing of the Accugas Project Finance and Acquisition Finance Facilities into a single combined facility On track for financial close in the early part of June Accugas working…
Key 2015 initiatives Oron to Creek Town pipeline construction Good progress made Target completion early 2016 Develop strong gas delivery position in south east Niger delta Grow deliveries to capacity of gas processing and…