Performance Highlights Dr Patrick Allman-Ward Chief Executive Officer www.danagas.com 4
Delivery of long-term strategic plan driving robust performance Continued delivery of medium term strategy of focusing on operational excellence and continued production increases through execution of prudent growth projects Solid…
Delivery of long term strategic plan driving robust performance (contd) Recommencement of income generation in KRI Pearl Petroleum CL, the consortium in which DG holds 40% interest made first sale of liquid products locally Cash…
Financial Performance Azfar Aboobakar Head - Financial Control & Reporting www.danagas.com 7
Financial Highlights: 9M 2014 vs 9M 2013 (In million) 9M 2014 9M 2013 Change Gross Revenue 541 466 16% Gross Profit 251 209 20% Net Profit 129 121 7% EBITDAX 316 261 21% Increase in revenue mainly due to increased production in Egypt…
Profit After Tax Bridge 9M 2014 Vs 9M 2013 (all figures in million) 200 (3) (35) 13 (14) 160 78 (40) 5 2 (3) 5 120 129 121 80 40 0 9M 2013 Revenue - Revenue - Increase in Decrease in Increase in Decrease in Decrease in…
Profit After Tax Bridge 3Q 2014 Vs 3Q 2013 (all figures in million) 45 40 (3) (1) (1) 4 35 (7) 6 1 11 30 25 20 38 15 28 10 5 0 Q3 2013 Profit Revenue - Revenue - Decrease in Decrease in Decrease in Increase in…
Production Performance (BOEPD) Rounded to nearest hundred 3Q 2013 Vs 3Q 2014 2014 2013 9M 2013 Vs 9M 2014 Includes Gas Includes Gas production of 20,00 production of boepd (3Q13 21,300 boepd 21,700 Boepd) (9M 2013…
Trade Receivables (all figures in US mm) In Egypt, the cash collections were 81 million Q4 2013 Q3 2014 in 9M 2014. In 3Q 2014, Dana Gas collected 800 53 million, out of which 36 million was in 712 700 Egyptian Pounds, which is…
Egypt Operations Dr Mark Fenton General Manager www.danagas.com 15
Egypt: Nile Delta Operations Development Leases: El Wastani Onshore acreage consisting of 13 Development Leases in the prolific Nile Delta region One additional DL (Begonia) is under discussion with the government Production:…
Gas Production Enhancement Agreement helps Egypt increase production while delivering long term value to Dana Gas GPEA initiative allows Dana Gas to optimise Investment highlights: core Nile Delta asset Drilling includes 21 new wells…
Block 6 North El Arish Offshore Opportunity G&G studies prior to commencing seismic acquisition in 4Q 2014 / 2Q 2015 Environmental Impact Assessment to be completed prior to seismic operations Seismic reprocessing of vintage…
Newly awarded exploration blocks in Nile Delta enables Dana Gas to build on its core area production and utilising existing infrastructure Blocks 1 & 3 located adjacent to Dana Gas Awarded the North El Salhiya (Block 1) and El…
KRI and Zora Project Update Paul Gayton Technical Director www.danagas.com 20
Operations in Kurdistan Region of Iraq DG share of production (40%) averaged 27,705 boepd during 3Q 2014: 120 MMscfd (40%) of natural gas 5,202 bbl/d (40%) and 206 tons/d (40%) of condensate and LPG, respectively Production of…
UAE: Zora Project Update Overall project progress is in line with plans for first gas in 1H 2015 with a capacity of 40 mmscfd (6,650 boepd ) All major facilities contracts now awarded Offshore platform fabrication progress…
Summary www.danagas.com 23
Summary Dana Gas is a company that can deliver Significant investment and drilling programme in Egypt starting Q1 2015, which will be fully funded from project finance and retained earnings, will result in free cash flow by 2017 and…
Reach us: Dana Gas P. O. Box 2011, Sharjah, UAE www.danagas.com E-mail : rsinghdanagas.com Direct : +971 6 519 4401 Fax : +971 6 556 6522 www.danagas.com
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