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Q3 2013 RESULTS – Endeavour International Corp

Endeavour International Corp · Nov 6, 2013 · 10 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. Q3 2013 RESULTS – Endeavour International Corp – slide 1
    Third Quarter 2013 Earnings Review November 6, 2013
  2. Q3 2013 RESULTS – Endeavour International Corp – slide 2
    2013 Third Quarter Operational/Financial Results The West Rochelle well (W1) achieved first production in October The East Rochelle well (E2) has been drilled to total depth and is completed. It is expected on-line in Q4 2013…
  3. Q3 2013 RESULTS – Endeavour International Corp – slide 3
    Sales Volumes (BOE per day) 2013 2012 Q3 Sales = 4,725 Q3 Sales = 11,006 20% 25% 75% 80% US Gas US Oil UK Oil UK Gas Physical production volume for the third quarter averaged 7,980 boepd vs. 9,498 boepd for Q2 Third…
  4. Q3 2013 RESULTS – Endeavour International Corp – slide 4
    Summary Financial Results Third Quarter Ending Nine Months Ending September 30, September 30, Measure ( in millions, except per share data) 2013 2012 2013 2012 Oil and Gas Revenues 36.9 83.3 220.7 121.4 Operating Expenses 16.4 24.0…
  5. Q3 2013 RESULTS – Endeavour International Corp – slide 5
    Adjusted EBITDA Third Quarter Ending Nine Months Ending September 30, September 30, Measure ( in millions, except per share data) 2013 2012 2013 2012 Net Income (loss) (39.9) (33.7) (67.8) (119.8) Unrealized (gain) loss on derivatives…
  6. Q3 2013 RESULTS – Endeavour International Corp – slide 6
    Adjusted Net Income (Loss) Third Quarter Ending Nine Months Ending September 30, September 30, Measure ( in millions, except per share data) 2013 2012 2013 2012 Net Income (loss) (39.9) (33.7) (67.8) (119.8) Impairment of U.S. oil…
  7. Q3 2013 RESULTS – Endeavour International Corp – slide 7
    Capex Update Third Quarter Ending Nine Months Ending September 30, September 30, Measure ( in millions) 2013 2012 2013 2012 Direct Oil & Gas Capex U.K. 27.0 43.1 123.4 127.0 U.S. 2.2 1.7 4.8 13.9 Total Direct Oil & Gas Capex 29.2…
  8. Q3 2013 RESULTS – Endeavour International Corp – slide 8
    U.K. Hedged Oil Position 6,000 120 5,000 100 4,000 80 bbl/d /bbl 3,000 60 2,000 40 1,000 20 - 0 3Q2013 4Q2013 1Q2014 2Q2014 Hedged Production Ave Ceiling Ave Floor For fourth quarter and first quarter of 2014,…
  9. Q3 2013 RESULTS – Endeavour International Corp – slide 9
    Debt Maturity Schedule 500 400 300 554 mm 200 76 100 115 135 0 2013 2014 2015 2016 2017 2018 Revolving Credit Facility due 2014 Convertible Notes due 2016 (18.51 per share conversion price)…
  10. Q3 2013 RESULTS – Endeavour International Corp – slide 10
    NYSE:END LSE:ENDV www.endeavourcorp.com INVESTOR CONTACTS: Darcey Matthews Director of Investor Relations (713) 307-8711 darcey.matthewsendeavourcorp.com

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