Second Quarter 2015 Supplemental Information NYSE:EGY
Second Quarter and Recent Highlights Reported GAAP net loss of 5.2 million, or 0.09 loss per diluted share; Adjusted Net Income(1) of 0.6 million, or 0.01 per diluted share Grew total Gabon production 7% from 1Q 2015 due to successful…
SE Etame & North Tchibala Fields Project New SEENT Platform 4 pile, 8 slot platform in water depth of 85 meters Targeting 7 MMBO gross 2P reserves SE Etame Transocean Constellation II jackup rig SE Etame Gamba well depth 1,900…
Avouma and South Tchibala Fields Avouma and South Tchibala Discovery well completed August 2004 Fields Production commenced in January 2007 Two planned 3Q 2015 workovers Avouma 3-H South Tchibala 2-H Wells currently not…
Adjusted EBITDAX(1) per BOE of Sales (2) (2) (2) (3) (4) (4) (4) Adjusted EBITDAX increased 18 per BOE Q215 vs Q115 (1) Non-GAAP reconciliations located in Appendix, excludes Gabonese income taxes paid as a…
Production Expenses 22.50/BOE(1) 19.07/BOE 85% of production expense is fixed vs. 15% variable Incremental production is more profitable due to low variable costs (1) Q1 2015 excludes 3.57/BOE related to the non-cash,…
2015 Cost Reduction Initiatives Production Expense General & Administrative Expenses Sustainable reductions driven by improvement in Staffing and administrative cost review working efficiencies Workforce rationalization Single…
2015 Guidance (As of August 7, 2015) Production (BOEPD) 4,100 4,600* *3rd Quarter Guidance 4,400 4,700 Production Expense(1) 30.0 - 33.0 MM* *3rd Quarter Guidance 8.0 MM - 9.0 MM Workovers(2) 5.0 - 12.0 MM* *3rd Quarter…
Strong Financial Position (s in millions) Liquidity 6/30/2015 Cash Balance (Includes 17MM Restricted) 78 Current Undrawn IFC Facility 50 Total Liquidity (Includes Restricted) 128 Financial Performance (2nd Quarter 2015)…
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