Third Quarter 2014 Financial Results December 1st, 2014
Presentation team Phillip Ihenacho Chief Executive Officer Co-founder and partner in Amaya Capital Partners, an early investor and active supporter of Seven Energy Established and ran Afrinvest for over 10 years Former chairman of…
First nine months 2014 Summary Highlights Corporate Placement of 400 million of Senior Secured Notes in October; including 100 million placed with Nigerian Sovereign Investment Authority (NSIA) Formal Presidential commissioning of…
Overview of operations * Gas receiving facility - commissioned * Matsogo licence sale completed in October 2014 5
North west Niger Delta core area update OMLs 4, 38 & 41 highlights Gross oil production averaged approximately 56.0 Mbopd in the third quarter of 2014; Gross oil production averaged approximately 49.5 Mbopd (2013: 49.9 Mbopd) for the…
South east Niger Delta core area update Drilling UNICEM deliveries Currently drilling Averaged 13.5 well North-East 1 in MMcpfd 6 months to Uquo 30 September 2014 Gas receiving facility - commissioned Ibom Power deliveries…
Financial highlights NINE MONTHS 2014 VS. NINE MONTHS 2013 (In million) 9 Months 2014 9 Months 2013 Change Gross Revenue 241 262 (8) % Gross Profit 140 93 51 % Profit after tax 41 4 985 % EBITDA 164 95 71 % Gas receiving…
Income statement First nine First nine Reduction in revenue of 21m months months Primarily due to timings of liftings, offset 2014 2013 by new gas revenues Unaudited Unaudited 000 000 Revenue 240,521 261,950 Increase in…
Balance sheet September December Non-current assets increase by 662m 2014 2013 Tangible asset increase primarily due to; Unaudited Audited EHGC acquisition 264m 000 000 SAA Capex 257m Non-current assets 1,824,265 1,162,265…
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