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FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas

New Zealand Oil & Gas · Aug 22, 2012 · 19 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. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 1
    FY 2012 Annual Results Briefing Presentation Andrew Knight CEO, Andre Gaylard CFO 22 August 2012 New Zealand Oil & Gas Limited
  2. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 2
    FY 2012 Summary Kupe field Strong earnings Reserves increased Tui field Performing to expectations Reserves reduced Expanded Portfolio Indonesia - Bohorok won / Kisaran drilling imminent Tunisia - Cosmos concession added New…
  3. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 3
    Financial Highlights New Zealand Oil & Gas Limited 3
  4. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 4
    FY2012 Financial Results FY 2012 FY 2011 Change Production mmboe 1.1 1.1 -3% Ave Sales Price (oil & light oil) US/bbl 114.8 96.0 20% In NZ million Revenue 116.4 106.5 9% EBITDAX * 70.5 58.4 21% Exploration write-offs (2.4) (3.4)…
  5. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 5
    Production Forecast Two existing fields providing long term cash flows 1.200 1.000 (millions of barrels of oil equivalent) 0.800 Production 0.600 Kupe Gas Kupe LPG Kupe Oil 0.400 Tui Oil 0.200 - FY2012…
  6. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 6
    FY2011 Investment, Cash and Debt Investment excluding Pike River Coal (NZ) Approx 13 million (FY2011: 8 million) Exploration & Evaluation expenditure 10 million Oil & Gas capex 1 million Cash Position at 30 June 2012 (NZ) 209…
  7. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 7
    Dividend Strong performance in FY2012 Fully imputed dividend of 6 cents per share Record date 14 September Payment date 28 September Dividend Reinvestment Plan available New Zealand Oil & Gas Limited 7
  8. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 8
    Operational Highlights New Zealand Oil & Gas Limited 8
  9. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 9
    Kupe NZOGs largest revenue source FY12 Revenue: 74.3m FY12 Production (NZOGs 15% share) 2.86 PJ sales gas 12,500 tonnes 269,500 barrels of oil FY13 Production Forecast (NZOGs 15% share) 2.75 PJ sales gas 12,250 tonnes 216,500…
  10. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 10
    Tui FY12 Revenue: 42.0m FY12 Production (NZOGs 12.5% share): 276,000 barrels of oil Reduction in estimated initial developed proved and probable (2P) reserves to 41 mmbbls Work well advanced on accessing additional volumes of…
  11. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 11
    Portfolio expanded, refocused Objective to build a suite of opportunities with varying degrees of risk, cost exposure, reward New Zealand exploration remains core focus Taking more active role as permit operator Foreign…
  12. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 12
    NZ Exploration Permit NZOG Stake Taranaki Basin PMP 38158 Tui 12.5% PML 38146 Kupe 15% PEP 51311 Kakapo 90% (Operator) PEP 52181 Kaheru 60% (Operator) PEP 51558 Kanuka 50% New Zealand Oil & Gas Limited 12
  13. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 13
    Kakapo PEP 51311 NZOG 90% Kakapo prospect a stacked series of Miocene coastal sands Estimated mean prospective resources over 200 mmbbls NZOG seeking suitable drilling rig and additional partner New Zealand Oil & Gas…
  14. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 14
    Indonesia Strong progress in building a Sumatra focussed portfolio of interests Strategic relationship with Bukit Energy Kisaran drilling imminent Bohorok permit won / 2D seismic to be acquired Other prospects being considered…
  15. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 15
    Kisaran and Bohorok Kisaran: 22.5% stake 2 wells drilled in next 8 months Conventional targets and unconventional possibilities Bohorok: 45% stake 3 year initial work programme seismic acquisition and evaluation New Zealand…
  16. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 16
    Tunisia Good prospectivity alongside established exploration and production Reasonable fiscal terms and ease of doing business Work progressing well in Diodore 40% of Cosmos concession New Zealand Oil & Gas Limited 16
  17. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 17
    Cosmos & Diodore Cosmos: Cosmos Existing oil discovery with NZOG 40% upside US3m payment made to fund development study, US19m contribution to partners costs if development proceeds Decision by years end Diodore: 2 year…
  18. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 18
    Returns for Shareholders Strong balance sheet can fund capital investment in growth: Dividend of 6 cents per ordinary share declared Dividend Reinvestment Plan available NZOG remains focussed on growing shareholder wealth by:…
  19. FY 2012 ANNUAL RESULTS – New Zealand Oil & Gas – slide 19
    Disclaimer New Zealand Oil & Gas Limited has prepared this presentation to provide information about the company. The information presented here does not, in any way, constitute investment advice. It is of a general nature and…

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