Annual General Meeting Company Presentation 29 October 2015
Strategic Plan October 2014 Strategic Plan Approved by the Board Mission Statement To become an industry leading Oil & Gas Company. Our Vision going forward is To create an oil and gas asset portfolio focused on extracting…
Linc Energy has traded in line with other US Small Cap E&P companies over the past 6 months US Small Caps Global E&P (14%) Vaalco Energy (19%) Australian (25%) Halcon Resources (23%) NA Listed Int'l (29%) EXCO Resources (41%)…
Trading Performance Last 12 months Linc Energy has traded in line with other US Small Cap E&P companies over the past 12 months US Small Caps Global E&P (50%) EXCO Resources (32%) Australian (54%) Northern Oil & Gas (44%) NA Listed…
Forward Oil Price Dynamics Forward curve market now well below independent Analyst forecasts 120 110 100 US115.1/bbl on 19 June 2014 Wood Mackenzie 90 80 (US/bbl) US64.5/bbl Broker Consensus Fwd Curve (June) on 23…
FINANCIAL SUMMARY
Summary of Financial Statements FY15 FY14 Variance Revenue 87,786 148,390 (60,604) Cost of Sales (125,149) (112,379) (12,770) Sale of Adani Royalty 148,611 0 148,611 Expenses (ex impairment & interest) (73,918) (114,858) 40,940…
Summary of P&L Movements Market driven Company driven Strengthening of USD has increased USD denominated interest charges Cost efficiencies achieved throughout year Reduced production to maintain reserves in suppressed…
Summary of Asset Movements Market driven Company driven Capital investment in Increase share Gulf Coast price of and SAPEX investments held assets Depletion of Gulf Coast Strengthening of USD has increased reserve base…
Summary of Liability Movements Market Marketdriven driven Company driven Company driven Suppressed oil price has increased value of hedge portfolio Continued efforts to pay down aged creditors in the USA. Issued USD125M of…
OPERATIONAL UPDATE
Gulf Coast Oil & Gas Update
Gulf Coast Asset Overview Onshore, conventional Gulf Coast production of 4,000 BOEPD gross Key Highlights Asset Location 4,000 BOEPD gross production from 150 wells across 14 fields, (99% oil, 100% operated WI, 77% NRI) Attractive…
Oil & Gas Production Profile Stable production base of 4,210 BOEPD Q1 FY16 (1 July 30 Sept avg.) 9% improvement versus same period last year despite maintenance level capex activity Successful 10 well recompletion program kicked off…
Gulf Coast Cost Efficiencies Operating Costs and Resource Upside Review Gulf Coast Strategy: Fit for USD50/bbl Price Environment G&G team working with reprocessed 3D seismic to fully develop suite of subsurface maps for core fields…
Gulf Coast Quarterly LOE & WO Trends
UCG Update
Underground Coal Gasification Group Our current UCG strategy inline with constrained capital management process: Grow our UCG technology licensing business Focus on new and existing business in Africa and Asia Partnering approach Key…
SAPEX Update
SAPEX Australian Shale Oil Key Highlights 1 Successfully completed 2 exploration wells in the Arckaringa Basin 2 Oil fluorescence logged within multiple formations at the Pata 1 well 3 Previously unknown coal intervals interpreted in…
Loading...
