SEVEN ENERGY FULL YEAR RESULTS PRESENTATION 2015 15 April 2016
Presentation team Phillip Ihenacho Chief Executive Officer Co-founder of Amaya Capital Partners, an early investor and active supporter of Seven Energy Established and ran Afrinvest for over 10 years Former chairman of the Aureos…
FULL YEAR 2015 HIGHLIGHTS 70 MMcfpd 59,200 bopd 452 MMboe South east Niger Delta Gross oil production up 2P plus 2C reserves & gas deliveries trebled 13% resources increase 9% (2014: 23 MMcfpd) (2014: 52,500 bopd) (2014: 414…
South east overview Reserves and resources split (net) Total: 156 (MMboe) 2P 2C Oil 10 2 Gas 89 55 Reserves and resources split (gross) Total: 250 (MMboe) 2P 2C Oil 28 3 Gas 123 96 Gas sales (MMcfpd) Net production…
North west overview Reserves and resources split Total: 231 (MMboe) 2P 2C Oil 72 57 Gas 81 21 53% Gas Oil 47% 2015 Highlights Production 57,000 bopd daily average gross oil production (2014: 52,500 bopd) Daily gross…
Income statement million 2015 2014 Increased gas sales revenue contributions 74% 26% Oil Gas Revenue 354 378 2015 261 93 Cost of sales - Production expenses (190) (232) 91% 9% - (Decrease) / increase in underlift (62) 191 2014 334…
Cash flow million 2015 2014 Operating cash flow Operating cash inflows before movements in 57 261 working capital 220 Net working capital movements (158) (120) 210 8 OIL Net cash provided by operating activities 215 141 7 Net…
Balance sheet million 31 December 31 December Capital expenditure reduced by 74% 2015 2014 2014 Intangible assets 105 74 Property, plant and equipment 1,725 1,864 OPL905 64mn Other non-current assets 67 63 Non-current assets 1,897…
2016 key initiatives Complete construction of Oron to Creek Town gas pipeline to integrate our midstream infrastructure Increase gas deliveries as customer demand builds to 150 MMcfpd by year end Conclude Partial Risk Guarantee for…
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