Skip to main content Q4 2011 RESULTS – Awilco Drilling Plc Investor Presentation | Shale Experts
Loading...
Pm

Q4 2011 RESULTS – Awilco Drilling Plc

Awilco Drilling Plc · Mar 1, 2012 · 20 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. Q4 2011 RESULTS – Awilco Drilling Plc – slide 1
    Q4 2011 Presentation Oslo, 1st of March 2012
  2. Q4 2011 RESULTS – Awilco Drilling Plc – slide 2
    Disclaimer This presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (relevant persons). Any person who is not a relevant person should not act or rely on these…
  3. Q4 2011 RESULTS – Awilco Drilling Plc – slide 3
    Agenda 1. Highlights Q4 2011 2. Contract Overview 3. Q4 2011 Financial Results and 2011 Preliminary Results 4. Market Outlook 5. Summary 6. Q&A 3
  4. Q4 2011 RESULTS – Awilco Drilling Plc – slide 4
    1. Highlights Q4 2011
  5. Q4 2011 RESULTS – Awilco Drilling Plc – slide 5
    Q4 2011 Highlights Both rigs in continued drilling operations during Q4 Signed 4 new contracts with total value of approx. USD 130 million Total Q4 Revenue approx. USD 40 million; EBITDA USD 24 million Q4 Opex per rig…
  6. Q4 2011 RESULTS – Awilco Drilling Plc – slide 6
    2. Contract Overview
  7. Q4 2011 RESULTS – Awilco Drilling Plc – slide 7
    Contract Status AWILCO DRILLING PLC CONTRACT STATUS March April May June July August September October November December WILHUNTER : MPX - Orlando well 2 4 5 ,0 0 0 MPX - Timon well 245,000 Ithaca 225,000 Endeavour - Rochelle…
  8. Q4 2011 RESULTS – Awilco Drilling Plc – slide 8
    3. Q4 2011 Financial Results and 2011 Preliminary Results
  9. Q4 2011 RESULTS – Awilco Drilling Plc – slide 9
    Q4 2011 Income Statement Condensed statement of comprehensive income in USD thousands, except earnings per share Full Year Full Year Q4 2011 2 011 Q4 2010 2 010 (unaudited) (unaudited) (unaudited) (audited) Contract revenue 39 492…
  10. Q4 2011 RESULTS – Awilco Drilling Plc – slide 10
    Q4 2011 Balance Sheet Condensed statement of financial position in USD thousands 31.12.2011 31.12.2010 (unaudited) (audited) Rigs, machinery and equipment 262 573 209 323 Other non-current assets 0 262 573 209 323 Trade and…
  11. Q4 2011 RESULTS – Awilco Drilling Plc – slide 11
    Dividend Prospects 2012 scheduled debt repayment approx. USD 46 million 2013 scheduled debt repayment approx. USD 11 million Strong free cash flow generated in 2013 and onwards should enable significant dividend payments…
  12. Q4 2011 RESULTS – Awilco Drilling Plc – slide 12
    4. Market Outlook
  13. Q4 2011 RESULTS – Awilco Drilling Plc – slide 13
    The UK Market is TightE Source: Fearnley 13
  14. Q4 2011 RESULTS – Awilco Drilling Plc – slide 14
    ..and this is Expected to Continue in 2013E 14
  15. Q4 2011 RESULTS – Awilco Drilling Plc – slide 15
    Ebut intl markets also improving limited influx going forward Source: Fearnley and ODS-Petrodata 15
  16. Q4 2011 RESULTS – Awilco Drilling Plc – slide 16
    Limited Rig Availability during 2012 AWDR well positioned UK FLOATER MARKET CONTRACT STATUS 2012 2013 Company Rig name Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb J.W.Mc Lean Sedco 712 GSF Arc tic III on contract Sedco 704…
  17. Q4 2011 RESULTS – Awilco Drilling Plc – slide 17
    Buoyant UK Market Dayrates are increasing More and longer drilling programmes are coming to the market Little influx of new rigs to the UK Financial markets are again engaging with the small operators 17
  18. Q4 2011 RESULTS – Awilco Drilling Plc – slide 18
    5. Summary
  19. Q4 2011 RESULTS – Awilco Drilling Plc – slide 19
    Summary Weve experienced some short term wavesE Ebut long term fundamentals are robust 19
  20. Q4 2011 RESULTS – Awilco Drilling Plc – slide 20
    Q&A 20

From the store

Browse maps, data & reports in the Shale Experts store