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Q3 2012 EARNINGS REVIEW – Endeavour International Corp

Endeavour International Corp · Nov 1, 2012 · 13 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 2012 EARNINGS REVIEW – Endeavour International Corp – slide 1
    Third Quarter 2012 Earnings Review November 1, 2012
  2. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 2
    2012 Third Quarter Highlights - Operational Sales Volumes and Entitlement Production Q3 sales volumes averaged over 11,000 barrels of oil equivalent per day (boepd) up 370% from the comparable quarter in 2011 with U.K. crude oil…
  3. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 3
    Average Daily Sales Volumes and Entitlement Production (BOE per day) 2012 2011 Q1 Sales = 4,174 Q3 Sales = 11,006 Q3 Sales = 2,972 20% 18% 25% 74% 80% 81% US Gas US Oil UK Oil UK Gas Year-to-date sales volumes up 215%…
  4. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 4
    New Blocks Acquired in the 27th Licensing Round Current Production Enoch Development Projects MacCulloch Rubie Nicol Renee Alba Bacchus Rochelle Columbus Bittern The new licenses covering ten blocks are located in…
  5. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 5
    Pennsylvania Marcellus Assets Post Exchange 31,000 net acres;100% END-operated Existing gathering flowing to Emporium < 1 MMCF/d (market constrained) Phase I expansion up to 10 MMCF/d additional capacity by Q4 2013 Three…
  6. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 6
    2012 Third Quarter Highlights - Financial Completed a 54 million Tack On offering to the 12% Senior Notes due 2018 Proceeds of 58 million used to redeem all the outstanding 12% Senior Subordinated Notes due 2014 Increased the…
  7. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 7
    Summary Financial Results Three Months Ended Nine Months Sept. 30, Ended Sept. 30 Measure ( in millions, except per share data) 2012 2011 2012 2011 Total natural gas, NGL and crude oil sales 83.3 10.3 121.4 43.5 Production costs…
  8. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 8
    Key Business Metrics Three Months Nine Months Ended Sept. 30, Ended Sept. 30 Measure ( expense per boe) 2012 2011 2012 2011 Depreciation, depletion and amortization(DD&A) Consolidated 23.46 19.65 23.26 22.17 U.K. 27.29 50.29 31.43…
  9. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 9
    Adjusted EBITDA Three Months Ended Nine Months Sept. 30, Ended Sept. 30 Measure ( in millions, except per share data) 2012 2011 2012 2011 Net Income (loss) (33.7) (63.3) (119.8) (86.4) Unrealized (gain) loss on derivatives 1.2…
  10. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 10
    Adjusted Net Income (Loss) Three Months Nine Months Ended Ended Sept. 30, Sept. 30 Measure ( in millions, except per share data) 2012 2011 2012 2011 Net Income (loss) (33.7) (63.3) (119.8) (86.4) Impairment of U.S. oil and gas…
  11. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 11
    Debt Maturity Schedule 500 450 400 350 300 554 250 200 63 150 10 100 135 50 115 0 2013 2014 2015 2016 2017 2018 Revolving Credit Facility due 2013 Undrawn Credit Facility Convertible Notes due 2016 (18.51…
  12. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 12
    Capex Update Three Months Nine Months Ended Sept. 30, Ended Sept. 30 Measure ( in millions, except per share data) 2012 2011 2012 2011 Development Capital U.K. 39.3 21.3 116.1 41.1 U.S. 0.9 - 5.0 4.8 Exploration Capital U.K. 3.2…
  13. Q3 2012 EARNINGS REVIEW – Endeavour International Corp – slide 13
    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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