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Q2 2015 Results – Tethys Oil

Tethys Oil · Aug 18, 2015 · 22 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. Q2 2015 Results – Tethys Oil – slide 1
    Q2 2015 18 August 2015
  2. Q2 2015 Results – Tethys Oil – slide 2
    Q2 Highlights Production increase continues: new production record with 9,434 BOPD in Q2-15 up 8% compared to Q1-15 Net sales of MSEK 265, up 63% compared to Q1-15 EBITDA of MSEK 153, up 101% compared to Q1-15 Net result MSEK 53, up…
  3. Q2 2015 Results – Tethys Oil – slide 3
    Tethys assets Country Licence Area, Tethys Partners* 2P reserves Production km2 share 31 Dec 2014 Q2 2015 (mmbo) (bopd) Producing Assets Oman Block 3 & 4 34,610 30% CC Energy, Mitsui 17.8 9,329 Lithuania Gargzdai 884 25% Odin Energi,…
  4. Q2 2015 Results – Tethys Oil – slide 4
    Reserves Reserves Oman (31 Dec 2014, mmbo) mmbo 1P 2P 3P Farha South 8.3 11.2 13.3 Saiwan East 0.5 1.3 2.9 Lower Buah area 3.0 5.3 8.9 Total 11.8 17.8 25.1 Independent petroleum consultant DeGolyer and MacNaughton (D&M) reviews Tethys…
  5. Q2 2015 Results – Tethys Oil – slide 5
    Average daily production in Oman 12 000 10 000 9 601 9 581 8 796 8 000 6 000 4 000 2 000 0 May July October November December May September April April January August June…
  6. Q2 2015 Results – Tethys Oil – slide 6
    Cash flow Tethys Oils operations continue to yield positive cash flow also at current oil prices Blocks 3 and 4 investments expected to continue to be covered from cash flow from operations During the first half 2015, the cash flow…
  7. Q2 2015 Results – Tethys Oil – slide 7
    Production Barrels BOPD Barrels BOPD 3 000 000 2 804 239 9 000 1 000 000 10 000 858 453 8 000 900 000 784 207 9 000 2 500 000 772 722 768 226 800 000 658 123 8 000 7 000 700 000 7 000 2 000 000 6 000 1 709 706 600 000 6 000 5…
  8. Q2 2015 Results – Tethys Oil – slide 8
    Sold barrels Barrels Barrels 1 600 000 600 000 1 464 228 545 019 1 400 000 500 000 1 200 000 434 035 399 352 400 000 1 000 000 350 059 850 926 308 892 776 248 800 000 300 000 600 000 200 000 400 000 100 000 200 000 0 0…
  9. Q2 2015 Results – Tethys Oil – slide 9
    Sales MSEK MSEK MSEK 1 200 350 1 046 296 310 300 1 000 265 245 250 800 200 584 592 600 163 150 400 100 200 50 0 0 2012 2013 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Sales of oil and gas Sales of oil and…
  10. Q2 2015 Results – Tethys Oil – slide 10
    Average selling price per barrel USD/bbl USD/bbl 115,0 110,0 107,6 105,9 100,0 97,1 110,0 110,4 90,0 80,0 106,6 105,0 70,0 103,9 63,8 60,0 57,8 100,0 50,0 2012 2013 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Ave…
  11. Q2 2015 Results – Tethys Oil – slide 11
    EBITDA MSEK MSEK 800 250 90% 753 232 78% 700 78% 80% 200 200 192 70% 600 65% 153 509 60% 500 479 58% 150 46% 50% 400 40% 100 300 76 30% 200 20% 50 100 10% 0 0 0% 2012 2013 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015…
  12. Q2 2015 Results – Tethys Oil – slide 12
    Expenses MSEK MSEK 350 120 8 300 100 18 31 250 80 9 200 60 8 31 150 8 102 264 93 40 28 75 100 152 57 46 50 20 96 0 0 2012 2013 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Operating expenses Administrative expenses…
  13. Q2 2015 Results – Tethys Oil – slide 13
    Adjusted net back* and opex per barrel USD/bbl USD/bbl 70,0 60,0 60,0 50,0 50,0 40,0 40,0 43,2 43,4 34,5 41,3 30,0 45,5 41,0 30,0 22,1 17,7 20,0 20,0 10,0 10,0 16,0 14,1 11,8 12,5 11,1 12,3 11,9 13,0 0,0 0,0 2012…
  14. Q2 2015 Results – Tethys Oil – slide 14
    Net result after tax MSEK MSEK 400 180 167 350 350 160 314 140 300 120 250 240 107 100 200 80 150 53 60 39 100 40 18 50 20 0 0 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 2012 2013 2014 Result for the period Result for the…
  15. Q2 2015 Results – Tethys Oil – slide 15
    Balance Sheet Q2 2015 (MSEK) 2015-06-30 2015-03-31 2014-12-31 Cash 323 400 372 Long term liabilities 28* 29* 25* Total assets 1,888 2,061 1,816 Shareholders 1,744 1,888 1,675 equity Strong cash position of MSEK 323 The up to…
  16. Q2 2015 Results – Tethys Oil – slide 16
    Oil and gas investments MSEK MSEK 600 140 131 493 120 101 100 400 80 290 69 259 60 50 45 200 40 20 0 0 2012* 2013 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Oil and Gas Investments Oil and Gas Investments…
  17. Q2 2015 Results – Tethys Oil – slide 17
    Wells in Oman 45 14 39 12 40 12 37 35 11 35 10 9 30 8 8 25 20 6 15 4 4 10 2 5 0 0 2012 2013 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Wells drilled Wells drilled 9 wells drilled in Q2 2015 7 wells on Farha South…
  18. Q2 2015 Results – Tethys Oil – slide 18
    Block 3 and 4 overview 18
  19. Q2 2015 Results – Tethys Oil – slide 19
    Farha South field, 30 June 2015 19
  20. Q2 2015 Results – Tethys Oil – slide 20
    Shahd Oil field Producing areas Prospects / prospective areas 20
  21. Q2 2015 Results – Tethys Oil – slide 21
    Conclusion Oil production continues to increase Tethys Oil continues to make good money Tethys Oil has a strong balance sheet Tethys Oil continues to grow organically Tethys Oil is in a strong predatory position Tethys Oil pays…
  22. Q2 2015 Results – Tethys Oil – slide 22
    Q2 2015 18 August 2015

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