Skip to main content Q3 2015 Results – Ithaca Energy Inc. Investor Presentation | Shale Experts
Loading...
Pm

Q3 2015 Results – Ithaca Energy Inc.

Ithaca Energy Inc. · Nov 16, 2015 · 12 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. Q3 2015 Results – Ithaca Energy Inc. – slide 1
    Q3-2015 Financial Results 16 November 2015
  2. Q3 2015 Results – Ithaca Energy Inc. – slide 2
    Highlights 2015 year to date Production 12.4 kboe/d Unit Operating Expenditure1 33/boe Cashflow from On-going Operations2 217M Net Drawn Debt 31 October 2015 690M Funding Headroom 125M Planned FPF-1 Sail-away End…
  3. Q3 2015 Results – Ithaca Energy Inc. – slide 3
    Solid year to date performance Production (kboe/d) Unit Operating Expenditure (/boe) Realised Hydrocarbon Price (/boe) 100 /boe 80 /boe2 12.4 kboe/d 10.6 kboe/d 52 /boe1 33 /boe2 16% 37% 20% YTD-2014 YTD-2015…
  4. Q3 2015 Results – Ithaca Energy Inc. – slide 4
    Cashflows underpinned by solid hedging position Oil Hedging Gas Hedging Strong protection in place against commodity price weakness 60M Future hedges 100M in the money, 50:50 oil and gas 96/bbl 26/bbl 69/bbl Prior to…
  5. Q3 2015 Results – Ithaca Energy Inc. – slide 5
    Financial results nine months to 30 September 2015 Financial Summary YTD-2015 YTD-2014 Revenue1 M 163.2 296.7 Production up 16%, but oil prices down 46% (from 106/bbl to 57/bbl) Hedging Cash Gain M 146.3 (1.5) 25/bbl hedging gains…
  6. Q3 2015 Results – Ithaca Energy Inc. – slide 6
    Lower net debt outlook prior to Stella start-up Deleveraging phase commenced Net Debt & Finance Facilities (M) Peak net debt prior to Stella start-up passed in H1-2015 950M Debt Facilities 30M capital expenditure savings in 2015…
  7. Q3 2015 Results – Ithaca Energy Inc. – slide 7
    Greater Stella Area development route to first hydrocarbons Development status Remaining key milestones Five Stella wells drilled, tested and Complete FPF-1 yard commissioning Q1-2016 ready to flow FPF-1 sail-away End Q1-2016 All…
  8. Q3 2015 Results – Ithaca Energy Inc. – slide 8
    FPF-1 modifications programme sail-away planned for end Q1-2016 Critical path for achieving FPF-1 sail-away is Commissioning programme progressing completion of vessel commissioning activities Electrical loop testing on process…
  9. Q3 2015 Results – Ithaca Energy Inc. – slide 9
    FPF-1 modifications programme Photo: FPF-1 in Remontowa shipyard, Gdansk, Poland ITHACA ENERGY Corporate Presentation 10
  10. Q3 2015 Results – Ithaca Energy Inc. – slide 10
    FPF-1 modifications programme Photo: FPF-1 oil and gas processing plant ITHACA ENERGY Corporate Presentation 11
  11. Q3 2015 Results – Ithaca Energy Inc. – slide 11
    FPF-1 modifications programme Photo: FPF-1 main deck infrastructure ITHACA ENERGY Corporate Presentation 12
  12. Q3 2015 Results – Ithaca Energy Inc. – slide 12
    2015 key priorities delivering on a clear plan Production Maximise operational performance of all fields Stella Deliver milestones required to achieve start-up end Q2-2016 Operating expenditure Reduce cost base to enhance…

From the store

Browse maps, data & reports in the Shale Experts store