Third Quarter 2015 Supplemental Information NYSE:EGY
Important Additional Information In connection with the consent solicitation initiated by the Group 42BLR Group, the Company may file a consent revocation statement and other documents regarding the proposals of the Group 42BLR Group…
Third Quarter and Recent Highlights Grew total production 6% from 2Q 2015 to approximately 4,800 BOE per day, above the high end of 3Q 2015 guidance of 4,400 4,700 BOE per day Successfully drilled and completed the North Tchibala 1-H…
Net Base and Development Production 6,000 4,714 4,800 5,000 4,553 4,178 3,883 4,000 1,100 1,800 Net BOE per day 3,000 4,714 2,000 4,178 3,883 3,453 3,000 1,000 0 (1) 2012 2013 2014 2015YTD Q4 2015E Base…
Offshore Gabon Net Liftings 600,000 500,000 2015E Lifting Average 420,000 2013 Lifting Average 390,000 400,000 2014 Lifting Average 340,000 Net BO 300,000 200,000 100,000 0 (2) Q12013 Q22013 Q32013 Q42013…
2015 Cost Reduction Initiatives Net Production Expense Sustainable reductions driven by work efficiencies Helicopter Usage Reduction 1.1 million Marine Vessel Reduction 0.4 million Chemical programs 0.8 million Reductions in…
2015 Cost Reduction Initiatives Net General & Administrative Expense Staffing and administrative cost reductions 30% reduction in executive/management cash compensation 15% reduction in corporate staff Reduction in contract, 3rd…
Adjusted EBITDAX(1) per BOE of Sales (2) (2) (2) (2,5) (3) (4) (4) (4) (4) Cost Reductions & Development Production Growth Contributing to EBITDAX per BOE Despite Fall in Q3 2015 Realizations (1) Non-GAAP…
SE Etame & North Tchibala Fields Project New SEENT Platform 4 pile, 8 slot platform in water depth of 85 meters Targeting 7 MMBO gross 2P reserves SE Etame Transocean Constellation II jackup rig SE Etame 2H Gamba development well…
Dentale Potential Across VAALCO Acreage Etame Field Main Fault Block North Tchibala Dentale Potential South Tchibala 11
Avouma and South Tchibala Fields Avouma and South Tchibala Discovery well completed August 2004 Fields Production commenced in January 2007 Two planned 4Q 2015 workovers to replace failed ESPs in wells currently not producing…
Possible 2016 Scenarios Capital required under these scenarios forecasted to be within 2016E Cash Flow(1) 2016 Possible Scenarios No Etame Drilling Minimal Etame Drilling Additional Etame Drilling Production(2): 4,400 4,700 BOEPD…
2015 Guidance (As of November 10, 2015) Production (BOEPD) 4,400 4,700* *4th Quarter Guidance 4,600 5,000 Production Expense(1) 33.0 - 34.0 MM* (19.00 - 20.00 per BOE) *4th Quarter Guidance 7.5 MM - 8.5 MM (16.50 - 18.50 per…
Appendix NYSE:EGY
Strong Financial Position (s in millions) Liquidity 9/30/2015 Cash Balance (Includes 17MM Restricted) 58 Current Undrawn IFC Facility 50 Total Liquidity (Before Working Capital Adjustments) 108 3Q 2015 Financial Performance…
Non-GAAP Reconciliations Reconciliation of Net income (loss) to Adjusted EBITDAX Three Months Ended September 30, 2015 September 30, 2014 June 30, 2015 Net income (loss) (33,668) 3,109 (5,204) Add back: Interest income (expense),…
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