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Q3 2012 EARNINGS CALL – OGX Petroleo

OGX Petroleo · Nov 9, 2012 · 17 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 CALL – OGX Petroleo – slide 1
    Q3 RESULTS PRESENTATION Rio de Janeiro November 9, 2012
  2. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 2
    1 COMPANY STRATEGY
  3. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 3
    COMPANY STRATEGY OGX is Brazils largest private oil and natural gas exploration company focused on accessing Brazils substantial, untapped reserves World class portfolio consisting of 32 prime shallow water and onshore blocks 28…
  4. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 4
    2 RESULTS SUMMARY
  5. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 5
    FINANCIAL HIGHLIGHTS KEY FINANCIAL METRICS 3Q 2012 YTD 2012 First revenues of R150.7 million booked from sale of 800,000 Revenues (R mm) 150.7 150.7 barrels EBITDA Pro forma (R mm) (51.6) (305.1) Strong cash position of R5.1 billion…
  6. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 6
    FINANCIAL HIGHLIGHTS Cash Flow Statement (US million) Cash Flow (US million)1,2 1,500 (157) (597) Financing activities 3,608 (474) 268 (463) Operating activities (65) 203 (585) 2,862 2,939 Investing activities 2,492 1,800 -…
  7. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 7
    FPSO OSX-1 FINANCIAL RESULTS Pro Forma EBITDA Reconciliation Delivered cargos 1st 2nd 3rd 4th Total Delivery Date 03/28/2012 4/21/2012 07/26/2012 10/15/2012 Operation Period 51 days 27 days 98 days 80 days Production related to the…
  8. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 8
    OPERATIONAL HIGHLIGHTS Production Exploration Production advancing on schedule 80% success rate in exploratory and appraisal program in 2012 Campos Basin: Total production of 856,800 boe in the quarter Campos Basin: Commenced…
  9. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 9
    OPERATIONAL HIGHLIGHTS Tubaro Azul Field Development Tubaro Martelo Field Development BM-C-41 BM-C-39 TUBARO AZUL TUBARO MARTELO Exploration wells drilled Exploration wells drilled Production wells drilled Production wells…
  10. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 10
    3 2013 OUTLOOK
  11. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 11
    2013 OUTLOOK Prospect Block Total Estimated Recoverable Volume Working Interest OGX Estimated Recoverable Volume Spud date Exploratory wells to be drilled (PMean) (PMean) Cozumel BM-C-37 209-270 mmboe 70% 146-189 mmboe 4Q12 Santos…
  12. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 12
    UPCOMING EVENTS CAMPOS BASIN PARNABA BASIN Campos Basin: Connection of the third production well in the Tubaro Azul Field Drilling important prospects in blocks BM-C-37 and BM-C-38 in the Campos Basin Parnaba Basin: Beginning of…
  13. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 13
    APPENDIX
  14. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 14
    FINANCIAL STATEMENTS R ('000) INCOME STATEMENT 9M12 9M11 3Q12 3Q11 Net revenue 150,686 - 150,686 150,686 - 150,686 Cost of goods sold (COGS) (124,599) - (124,599) (124,599) - (124,599) Exploration expenses (172,567) (125,157)…
  15. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 15
    FINANCIAL STATEMENTS R ('000) BALANCE SHEET Sep 30, 2012 Dec 31, 2011 Sep 30, 2012 Dec 31, 2011 ASSETS LIABILITIES AND EQUITY Current assets Current Liabilities Cash and cash equivalents 5,058,579 5,367,451 Trade payables 755,296…
  16. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 16
    FINANCIAL STATEMENTS R ('000) R ('000) FIXED ASSETS LOANS AND FINANCING Balance as of December 31, 2011: 6,172,783 Balance as of December 31, 2011: (4,772,414) (+) CAPEX (-) New fundings (2,537,689) Campos Basin 2,073,746 (-)…
  17. Q3 2012 EARNINGS CALL – OGX Petroleo – slide 17

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