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#q 2015 Earnings Call – Tethys Oil

Tethys Oil · Nov 3, 2015 · 21 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. #q 2015 Earnings Call – Tethys Oil – slide 1
    Q3 2015 3 November 2015
  2. #q 2015 Earnings Call – Tethys Oil – slide 2
    Q3 Highlights Production increase continues: new production record with 10,087 BOPD in Q3-15 up 7% compared to Q2-15 Net sales of MSEK 307, up 16% compared to Q2-15 EBITDA of MSEK 153, in line with Q2-15 Net result MSEK 70, up 32%…
  3. #q 2015 Earnings Call – Tethys Oil – slide 3
    Tethys assets Country Licence Area, Tethys Partners* 2P reserves Production km2 share 31 Dec 2014 Q3 2015 (mmbo) ** (bopd) Producing Assets Oman Block 3 & 4 34,610 30% CC Energy, Mitsui 17.8 9,983 Lithuania Gargzdai 884 25% Odin…
  4. #q 2015 Earnings Call – Tethys Oil – slide 4
    Average daily production in Oman 12 000 10 000 8 000 6 000 4 000 2 000 0 July October November December May July September April September January August February August…
  5. #q 2015 Earnings Call – Tethys Oil – slide 5
    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 nine month period 2015, the…
  6. #q 2015 Earnings Call – Tethys Oil – slide 6
    Production Barrels BOPD Barrels BOPD 3 000 000 9 000 1 000 000 928 047 12 000 2 804 239 858 453 772 722 8 000 900 000 768 226 784 207 2 500 000 10 000 800 000 7 000 700 000 2 000 000 6 000 8 000 1 709 706 600 000 5 000 1 500…
  7. #q 2015 Earnings Call – Tethys Oil – slide 7
    Sold barrels Barrels Barrels 1 600 000 700 000 1 464 228 1 400 000 584 399 600 000 545 019 1 200 000 500 000 434 035 1 000 000 399 352 850 926 400 000 776 248 800 000 308 892 300 000 600 000 200 000 400 000 200 000 100…
  8. #q 2015 Earnings Call – Tethys Oil – slide 8
    Sales MSEK MSEK MSEK 1 200 350 1 046 310 296 307 300 1 000 265 250 800 200 584 592 600 163 150 400 100 200 50 0 0 2012 2013 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Sales of oil and gas Sales of oil and…
  9. #q 2015 Earnings Call – Tethys Oil – slide 9
    Average selling price per barrel USD/bbl USD/bbl 115,0 110,0 107,6 100,0 97,1 110,0 110,4 90,0 80,0 106,6 105,0 70,0 103,9 63,8 61,8 60,0 57,8 100,0 50,0 2012 2013 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Ave…
  10. #q 2015 Earnings Call – Tethys Oil – slide 10
    EBITDA MSEK MSEK 800 753 250 90% 232 700 78% 80% 200 200 70% 600 509 153 479 153 60% 500 150 65% 58% 50% 400 50% 46% 40% 300 100 76 30% 200 50 20% 100 10% 0 0 0% 2012 2013 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015…
  11. #q 2015 Earnings Call – Tethys Oil – slide 11
    Expenses MSEK MSEK 350 160 7 140 300 31 120 250 8 100 18 200 80 9 31 145 150 264 60 8 28 102 100 93 40 75 152 57 50 96 20 0 0 2012 2013 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Operating expenses Administrative…
  12. #q 2015 Earnings Call – Tethys Oil – slide 12
    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 43,4 34,5 45,5 41,3 30,0 41,0 30,0 22,1 18,0 21,4 20,0 20,0 10,0 10,0 16,0 14,1 13,0 12,5 11,1 12,1 10,7 11,9 0,0 0,0 2012…
  13. #q 2015 Earnings Call – Tethys Oil – slide 13
    Net result after tax MSEK MSEK 400 180 167 350 350 160 314 140 300 120 250 240 100 200 80 70 150 60 53 100 39 40 50 18 20 0 0 2012 2013 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Result for the period Result for the…
  14. #q 2015 Earnings Call – Tethys Oil – slide 14
    Balance Sheet Q3 2015 (MSEK) 2015-09-30 2015-06-30 2014-12-31 Net cash 485 323 372 Total assets 2,142 1,888 1,816 Shareholders 1,838 1,744 1,675 equity Strong net cash position of MSEK 485 A large part of cash and cash…
  15. #q 2015 Earnings Call – Tethys Oil – slide 15
    Oil and gas investments MSEK MSEK 600 140 131 493 120 101 100 400 85 80 290 259 60 50 45 200 40 20 0 0 2012* 2013 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Oil and Gas Investments Oil and Gas Investments…
  16. #q 2015 Earnings Call – Tethys Oil – slide 16
    Wells in Oman 45 14 13 40 39 37 12 35 11 35 10 9 30 8 8 25 20 6 15 4 4 10 2 5 0 0 2012 2013 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Wells drilled Wells drilled 13 wells drilled in Q2 2015 7 wells on Farha South…
  17. #q 2015 Earnings Call – Tethys Oil – slide 17
    Block 3 and 4 overview 17
  18. #q 2015 Earnings Call – Tethys Oil – slide 18
    Farha South field, 30 September 2015 18
  19. #q 2015 Earnings Call – Tethys Oil – slide 19
    Shahd Oil field Producing areas Prospects / prospective areas 19
  20. #q 2015 Earnings Call – Tethys Oil – slide 20
    Conclusion Milestone passed production in excess of 10,000 BOPD in Q3 2015 Tethys Oil continues to yield positive financial results: Sales MSEK 307 up 16% Q-o-Q EBITDA MSEK 153, in line with Q2-15 Net result MSEK 70, up 32% Q-o-Q…
  21. #q 2015 Earnings Call – Tethys Oil – slide 21
    Q4 2015 Will be published 9 February 2016

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