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H1 2015 Financial Results – Ithaca Energy Inc.

Ithaca Energy Inc. · Aug 13, 2015 · 8 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. H1 2015 Financial Results – Ithaca Energy Inc. – slide 1
    H1-2015 Financial Results 13 August 2015
  2. H1 2015 Financial Results – Ithaca Energy Inc. – slide 2
    H1-2015 highlights Production 12.6 kboe/d Cashflow from on-going operations1 160M Unit operating expenditure 35/boe Net drawn debt 30 June…
  3. H1 2015 Financial Results – Ithaca Energy Inc. – slide 3
    Solid H1-2015 performance Production (kboe/d) Realised Hydrocarbon Price (/boe) Unit Operating Expenditure (/boe) 96 /boe 78 /boe1 12.6 kboe/d 10.9 kboe/d 51 /boe 35 /boe1 15% 19% 31% 2014 1H-2015 2014 1H-2015…
  4. H1 2015 Financial Results – Ithaca Energy Inc. – slide 4
    H1-2015 financial results Financial Summary H1-2015 H1-2014 Revenue1 M 116.4 202.9 Production up, but oil prices down 45% (from 109/bbl to 60/bbl) Hedging Cash Gain M 110.5 (2.5) 22/bbl hedging gains relating to the period plus 60M…
  5. H1 2015 Financial Results – Ithaca Energy Inc. – slide 5
    Lower peak debt outlook prior to Stella start-up Cashflow Evolution(M) Capital Expenditure (M) 950M 763M 788M 150M Fin. Fees & Working Cap. RBL Cashflow from Capex Facilities Operations H1-2015 Capex 100M GSA…
  6. H1 2015 Financial Results – Ithaca Energy Inc. – slide 6
    Stella development programme highly advanced Drilling Campaign Subsea Infrastructure FPF-1 Modifications 5 Stella development wells drilled and Infrastructure installation works Vessel sail-away from Poland to Stella ready to…
  7. H1 2015 Financial Results – Ithaca Energy Inc. – slide 7
    FPF-1 modifications programme sail-away end Q1-2016 Construction of major topsides infrastructure Pre-commissioning works on-going preparation nearing completion for start-up of main commissioning phase Pipework pressure testing /…
  8. H1 2015 Financial Results – Ithaca Energy Inc. – slide 8
    H1-2015 summary executing on a clear plan CHANGE PHOTO Solid cashflow generation from existing asset base Production in line with guidance, reducing cost base, strong hedging protection Stella development on track Drilling…

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