2014 Outlook 2014 production growth of 47% over 2013 Mid-point 2014 Guidance: 30,500 boe/d gross or 22,500 boe/d net production 11.1mmboe gross or 8.2mmboe net total volumes US475mm capex Increased development activity in the latter…
2014 Outlook continued 2014 to be Auroras largest non-operated well development program Anticipate scaling back operated activity during the year to maintain a strong balance sheet and financial flexibility while achieving…
2014 Guidance Lower overall capital expenditures than 2013, driven by lower well costs, drives strong production growth in 2014 Focusing capital on non-operated assets in 2014 Significant well inventory is expected to grow further as…
2014 Guidance Estimated Drilling Plan Drilling plan based on the mid-range spud guidance of an estimated 51 net wells 13% increase over 2013 program Operated drilling program fully discretionary as acreage is held by production and…
Free Cash Flow Within Reach High margin liquids are driving rapid, consistently profitable growth Completed well costs continue to decline Investment in new wells and infrastructure will, based on the commodity price assumptions…
Gearing Strategy Corporate funding strategy for planned development programs is the matching of the significant equity invested to date with appropriate debt levels, terms and timing of repayment. The generation of significant free…
EBITDAX and Debt Sensitivities Annual EBITDAX(1) sensitivities to production levels and Total Debt/Annual EBITDAX sensitivities to various WTI prices(2) various annual capex ranges(3) Annual EBITDAX (USMM) Total Debt/Annual EBITDAX…
Appendices
EBITDA/EBITDAX Reconciliation Three months ended LTM Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Sep 30, 2013 US'000 US'000 US'000 US'000 Net profit after tax 24,674 25,694 29,611 103,777 Adjustments: Share based payments expense…
Funds from Operations Reconciliation Three months ended LTM Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Sep 30, 2013 US'000 US'000 US'000 US'000 Net profit after tax 24,674 25,694 29,611 103,777 Add/(less) non-cash items Depletion,…
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