Financial Year 2015 Financial Results 25 August 2015 ABN 51 009 799 455
Financial year highlights 1,310,485 barrels produced, sales of 1,214,488 barrels at an average realised price (net of hedging) Performance of US85.6 per barrel, generating revenue of US104.0 million, with operating expenditure of…
Operational results LTIFR of 0.0 (Lost Time Injury Frequency Rate), TRIFR of 0.9 (Total Reportable Injury Frequency Rate) at HSSE 30 June 2015 over a 12 month rolling 1.1m manhours. No significant loss of containment incidents…
Highlights for financial year ending June 2015 70%
Five year financial year performance Completion of Maari Growth Project in July 2015 expected to increase The outlook for 2016 in the current oil price environment remains production in 2016. positive due to the benefit of oil price…
Profit and loss 12 Months to 12 Months to Change Change June 2015 June 2014 (US million) (US million) (US million) (%) Production 1.31 mmbo 1.43 mmbo (0.1) mmbo (9%) Sales 1.21 mmbo 1.36 mmbo (0.2) mmbo (11%) Realised oil price…
Profit and loss analysis *Note - EBITDAX and EBIT are financial measures which are not prescribed by Australian Accounting Standards and represent the profit under Australian Accounting Standards adjusted for interest expense,…
Cash flow 12 months to 12 months to Change Change June 2015 June 2014 (US million) (US million) (US million) (%) Opening cash 98.9 19.0 79.9 421% Net cash from operating activities (excl 66.8 75.1 (8.3) (11%) G&A/other)…
Cash flow analysis 9
Forecast net production from Reserves + Contingent Resources as at 1 July 2015 Assumptions Development of WZ 12-8E field with production commencing 2017 Development of 12-10-1 and -2 fields in Beibu Gulf in 2018 Stanley…
Net Reserves1, Contingent Resources1 and Prospective Resources1 as at 30 June 2015 RESERVES CONTINGENT RESOURCES PROSPECTIVE RESOURCES Proven + Probable Proven + Probable Best Estimate Total: 13.1 mmboe Total: 87.1 mmboe Total:…
Hedging position and risk management Oil price hedge profile 397,500 bbls hedged through remainder 2015 to mid 2016 at average of over US94/barrel Oil price hedging program protects revenue by mitigating the effect of low oil…
Outlook for the next 12 months Corporate Outlook Barring unforeseen events, operating cashflows expected to be substantially maintained notwithstanding lower oil prices, following successful completion of the Maari Growth Projects, and…
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