First Half 2012 Results Presentation August 2012 1
Presenting Team Donald Wolcott Thomas Reed Position at RusPetro CEO CFO Career highlights Founding shareholder of Founding shareholder of RusPetro RusPetro 26 years of experience in the oil Private equity, M&A advisor and and…
What is RusPetro World-class on-shore reserve base Proved reserves of 183 million barrels RusPetros blocks 2P reserves of over 1.5 billion barrels Neighbouring blocks Krasnoleninsky Oil-in-place of over 6.5 billion barrels Arch…
Milestones: H1 2012 First Quarter Second Quarter IPO raised 214 million, elevated to 14 wells drilled (5 completed) FTSE250 at end March Proved reserves increase to 183 million Completed 27 km sales pipeline barrels Developed…
Proved Reserves Growth Evolution of Proved Reserves (MMbbl) 200 +16% 183 150 +30% 157 100 +112% 121 50 57 0 (1) (2) D&M, 2009 D&M, 2010 D&M, Aug 2011, as presented at IPO (3) D&M, June 2012 (4) 2P reserves…
Five Drilling Rigs Operational from September Pad 2 Pad Pad 1 21 Future well Pad locations 19 Production wells Pad 27 Exploration wells * Rigs 6
The Way Forward 7
Progressing our approach Challenges Solutions Geological Build the team Geological team upgrade geophysical component of Refine the geological model geological model Reprocess seismic (2-6 months) Identify high grade bottom hole…
Key Hires Since IPO Name Position Robert Stewart Director of Production and Operations John Richardson Drilling Manager Nick DeAth Subsurface team leader John Krupa Senior Geophysicist Graham Tribble Workover and Operations…
Water Flood To Increase Production Water flood expected to impact production from January 2013 Water flood increases recovery by up to 28% Well conversions selected to maintain water flood response 10
Improving Subsurface Understanding Our 2012 drilling programme has reconfirmed our geological model Refining the geophysical component of the geological model is now taking place Seismic reprocessing underway This will enable us to…
Financial Results 12
Financial Highlights Revenues of 33.82 million (H1 2011: 11.04 million) Operating cash flow before working capital adjustments of -6.4 million (H1 2011: -1.3 million) Capital expenditure of 52.7 million (H1 2011: 12.5 million)…
Summary Financials: Income Statement Revenue (m) Revenue increased to 33.8 million in H1 2012 38.7 compared to 11.0 million in H1 2011 40 33.8 Revenue driven by increase in sales 30 Sales: 712,809 bbls 20 12.5 11.0 Improving…
First Half 2012 Production and Sales Volumes 750,000 750,000 77,195 Condensate Domestic Crude Sales Crude Domestic Condensate Sales 406,338 Export Sales 500,000 500,000 642,831 45,320 250,000 250,000 261,151 0 0…
Summary Financials: Cash Flow Statement Operating Cash Flow, before working capital adjustments Operating cash flow affected by low (m) EBITDA and working capital consumption Capex program progressing Capital Expenditure 1H 2012…
Cash Flow Profile Closing Cash Balance as at 30 June 2012 (m) 250.0 200.0 6.4 9.3 52.7 150.0 55.6 213.7 100.0 0.7 50.0 90.1 1.3 0.0 Opening Cash Equity Financing Operating Cash Change in Capex Loans and…
Balance Sheet Highlights Overview Initial public offering and liability restructuring has improved capital structure Net debt as at 30 June 2012 - 277.0 million (405.2 million as at 31 Dec 2011) Cash and cash equivalents of 90.1…
Outlook Production will accelerate strongly through to the end of 2012 Production Target unchanged for 2012 production exit rate of 10,400 bopd Well Deliver improved well-performance, better targeted drilling and faster…
Investor Calendar Date Event November 2012 Q3 IMS January 2013 Q4 Operations update 21
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