1H 2015 Interim Results 5 August 2015 August 2015 1
Steady Progress in 2015 Operational Highlights Strategic Highlights 2015 H1 average production of 11.9 KBOEPD Strong financial position, with no debt on the balance sheet and attractive Vietnam production Full year guidance revised…
H5 Development Project Ahead of Schedule H5 Topside Sail-away H5 progressing well with topsides installed on 15 July and hook-up and commissioning ongoing First oil now expected before mid August, significantly ahead of…
MoU with SOVICO Holdings and PetroVietnam Blocks 125-126 Highlights Shallow to deep water with multiple structural and stratigraphic plays observed on the available seismic data Geological observations indicate: Good potential for…
1H 2015 Financial Summary Income Statement Items US millions, unless otherwise stated 1H 2015 1H 2014 FY 2014 Commentary 1H 2015 production of 11,856 BOEPD (1H 2014: 13,960 BOEPD) Sales revenue 116.6 246.4 448.2 1H 2015 realised oil…
1H 2015 Financial Summary Cash Flow Items US millions, unless otherwise stated 1H 2015 1H 2014 FY 2014 Commentary Operating cash flow before 78.2 199.0 344.4 working capital, interest and tax Change in working capital 0.5 9.7…
Production 1H 2015 production averaged 11.9 KBOEPD TGT Field Production TGT 10.1 KBOEPD (33.6 KBOEPD gross) CNV 1.8 KBOEPD Full year guidance revised to 11-12 KBOEPD from 10.5-12 KBOEPD H5 perforation plans and level of oil and…
Delivering TGT Full Field Potential Large Areal Extent of TGT Updated RAR/FDP to be submitted in Q3/Q4 Updated Expected to include additional wells and potential RAR/FDP facilities debottlenecking Successful run of straddle…
Africa: Focusing on High Impact Options Licence Status Analysis of the Lidongo X Marine-101 exploration well completed Marine XI SOCO in dialogue with Congo authorities regarding commercialisation Seismic reprocessing ongoing and…
2015 Outlook Production guidance for 2015 revised to 11-12 KBOEPD from 10.5-12 KBOEPD TGT partners working with the JOC to submit updated RAR/FDP for TGT in Q3/Q4 respectively Scope of updated FDP will depend on oil price outlook and…
Track Record of Realising Value Oct 1999 Aug 2001 Feb 2002 Nov 2004 Apr 2005 Feb 2008 Jul 2010 Asset Sales UK Onshore Russia Vietnam farm- Tunisia Mongolia Yemen Thailand 18 million 50 million out 25 million 93 million 465…
SOCO International plc 48 Dover Street London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.com August 2015 13
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