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Q3 INTERIM PRESENTATION 2014 – Dno International Asa

Dno International Asa · Nov 13, 2014 · 14 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 INTERIM PRESENTATION 2014 – Dno International Asa – slide 1
    Third Quarter 2014 Interim Presentation 13 November 2014
  2. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 2
    Operational review Q3 2014 and year-to-date highlights Production at Tawke field in Kurdistan continued without interruption DNO Q3 gross production of 124,396 barrels of oil equivalent per day (boepd) and quarterly company…
  3. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 3
    Operational review CWI production Kurdistan local sales Kurdistan volumes delivered at Fish Khabur for transport to Ceyhan Oman Yemen 80,000 70,000 66,772 2,712 60,000 7,968 boepd 50,000 39,965 39,170 23,852 38,354…
  4. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 4
    Operational review Tawke Install new 24 inch pipeline Current facilities capacity 130,000 bopd Planned increase to 200,000 bopd Tawke-25 and Tawke-26 wells completed in Q3 Tie-in to KRG export system and initially tested at…
  5. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 5
    Operational review Dohuk and Erbil Dohuk license Summail-2 well completed as a gas producer in the Cretaceous reservoir, delivering 14 million cubic feet per day (mmcfd) to the Dohuk power plant. Other two wells currently…
  6. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 6
    Operational review Oman and UAE Oman Gross production from offshore Block 8 increased to 17,211 boepd in Q3 Evaluating new drilling targets in West Bukha field Onshore, completed new 1,000-km 2D seismic acquisition program in…
  7. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 7
    Operational review Tunisia and Yemen Tunisia In Sfax Offshore Exploration Permit, completed 1,000 sq km 3D seismic acquisition program Jawhara-3, first of several exploration and appraisal wells, commenced drilling in…
  8. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 8
    Operational review Exploration well Development drilling activity Appraisal well Production/development well Production and development drilling schedule 2014 2015 Country Well name DNO interest Q3 Q4 Q1 Q2 Q3 Tawke-25…
  9. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 9
    Financial review Financial results key figures Revenues Netback Operating profit USD million USD million USD million 160 160 120 143 140 135 134 140 80 64 113 116 55 120 120 101 40 30 100 100 77 80 80 80 0 60 Q3'13…
  10. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 10
    Financial review Q3 revenue and gross profit distribution Revenues Gross profit USD million USD million Kurdistan Oman Yemen Kurdistan Oman Yemen 15 2 4 23 78 28 Page 13 13 November 2014 Third Quarter 2014 - Interim…
  11. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 11
    Financial review Financial summary USD Million Q3 2014 Q2 2014 Q3 2013 YTD 2014 YTD 2013 Sales 115.7 143.4 135.2 371.9 369.4 Cost of goods sold -84.9 -78.9 -53.1 -234.9 -159.9 Gross profit 30.8 64.5 82.2 137.0 209.5…
  12. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 12
    Financial review Investment program Capex and capitalized exploration Kurdistan Oman Yemen UAE Tunisia Other 97.4 100 85.4 80 73.0 70.1 60 52.1 40 20 0 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Investments of USD 52.1…
  13. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 13
    Financial review Q3 cash flow 300 250 45.4 195.1 -15.8 -4.6 200 165.7 -52.1 -2.6 150 100 50 0 Cash at start Cash generated Income taxes Interest Exploration & Purchase of Cash at end period from operations…
  14. Q3 INTERIM PRESENTATION 2014 – Dno International Asa – slide 14
    Financial review Capital structure Cash deposits Financial assets* Equity ratio USD million USD million 300 300 70% 262 266 60% 59% 242 60% 57% 57% 57% 250 250 195 50% 200 200 166 40% 150 150 30% 104 95 97 100 100…

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