EnerComs The Oil & Services Conference February 21, 2012
Endeavour At A Glance Near-term growth through lower risk development activities Growing cash flow from U.K. development projects Exposure to Brent crude oil and European gas Increasing liquids production near-term Balanced…
Significant Production Growth Acquisition and Near-Term Projects Pro-forma Production with Pro-forma Production with Current Production Bacchus on-line and the Greater Rochelle on-line acquisition of North Sea Assets 3,500…
Pro Forma Position of Endeavour in the U.K. Mid-Cap Market Endeavour + U.K. Acquisition 2011 U.K. Company Data END U.K.(including Bacchus and Greater Rochelle) + New U.K. Asset Acquisition Endeavour Source: Woodmac…
North Sea Asset Acquisition - Transaction Strategic Highlights Substantially grows Endeavours North Sea producing asset base, expanding exposure to favourably priced Brent crude oil Adds approximately 10,000 boepd to current…
North Sea Acquisition - Transaction Summary Deal Value: 330 million with a 28% allocation to tax basis Purchase price to be reduced by cash flow from the effective economic date to closing (Approximately 95 million after tax if…
Overview of Endeavours U.K. Assets Ivanhoe-RobRoy Rubie Enoch MacCulloch* Nicol* Alba* Greater Rochelle Renee Bacchus Columbus Bittern Current Production Development Projects * On 12/27/11, END announced…
Alba Field Overview: Block 16/26a END WI: 25.68%* Operator: Chevron (23.37% WI) Partners: Statoil (17% WI) BP (13% WI) Total (12.65% WI) CIECO/Itochu (8% WI) Discovered/1st Production 1984/1994 Current Production Rate 7,500…
MacCulloch Field Overview: Block 15/24b END WI: 40% WI Partners: ENI(40% WI) Noble Energy (14% WI) Talisman (6% WI) Discovered/1st Production 1990/1997 Current Production Rate 3,100 boepd 490ft water depth Paleocene reservoir at…
Bacchus: Block 22/06a Central North Sea END WI: 30% Operator: Apache (50% WI) Partner: First Oil (20% WI) Online: Expected Q1 2012 Drilling of the first well Drilling has reached Total Depth The liner has been cemented in place…
Greater Rochelle: Blocks 15/26b, 15/26c & 15/27 Operator: Endeavour (44% WI) Partners: Nexen (41% WI), Premier Oil (15% WI) FDP Approved: February 2011 Online: Q4 2012 Commercial terms reached with the Scott Platform owners…
Overview of Endeavours U.S. Assets Heath Shale Oil Play - MT Marcellus Play - PA Haynesville Play LA/ E. TX 13
Heath Oil Shale on the Montana Frontier 25% joint venture with two independent Montana producers 400,000+ gross acres primarily in Garfield and Rosebud Counties (85,000 net to END) 900 potential horizontal drilling locations…
The Haynesville and Marcellus Plays Low cost entry with limited drilling requirements Endeavours Marcellus and Haynesville acreage largely held by production Future capex is at Endeavours discretion, enabling the Company to wait…
Capital Structure 16
Sources and Uses of the Senior Term Notes Sources and Anticipated Uses of Funds Sources Amount First Priority Notes 350.0 Second Priority Notes 150.0 Discount (20.0) Total Sources 480.0 Uses Amount (1) Net Purchase Price of…
2012 Capital Budget Projected Capital Spending = 175 - 200 U.S. Projects million Pro forma to include the ConocoPhillips acquisition Key 2012 Projects U.K. Bacchus Greater Rochelle Alba maintenance capital U.S. Testing…
Key Investment Highlights Significant international platform of assets North Sea oil focused production Option on U.S. shale gas plays Upside from Heath oil shale Exposure to U.K. Brent and European Natural Gas pricing…
NYSE:END LSE:ENDV www.endeavourcorp.com INVESTOR CONTACTS: Mike Kirksey Darcey Matthews Chief Financial Officer Director of Investor Relations 713.307.8788 / +44.207.451.2381 713.307.8711 mike.kirkseyendeavourcorp.com…
Loading...
