Skip to main content 2016 Interim Results – Dno International Asa Investor Presentation | Shale Experts
Loading...
Pm

2016 Interim Results – Dno International Asa

Dno International Asa · Feb 9, 2017 · 18 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. 2016 Interim Results – Dno International Asa – slide 1
    Presentation 2016 interim results
  2. 2016 Interim Results – Dno International Asa – slide 2
    Corporate overview and operational highlights Page 2 9 February 2017
  3. 2016 Interim Results – Dno International Asa – slide 3
    Corporate overview Back on track in 2016 to profitability and growth Commencing in first half of year, more regular payments for Kurdistan oil exports in line with contracts Following which DNO resumed drilling in second half of…
  4. 2016 Interim Results – Dno International Asa – slide 4
    2016 operational highlights Operated production in 2016 averaged 112,600 barrels of oil equivalent per day (boepd) Of which Kurdistan represented 107,300 bopd and Oman 5,300 boepd Company Working Interest (CWI) production averaged…
  5. 2016 Interim Results – Dno International Asa – slide 5
    2016 financial highlights Annual revenues of USD 201 million, up from USD 187 million in 2015 Received 10 monthly Tawke export payments in 2016 totaling USD 292 million gross, of which USD 210 million net to DNO including USD 26…
  6. 2016 Interim Results – Dno International Asa – slide 6
    2016 Tawke activity Four production wells completed at Tawke field during 2016, of which three targeted shallow Jeribe reservoir and one deeper Cretaceous reservoir Jeribe wells drilled in record time and cost with own rig staffed…
  7. 2016 Interim Results – Dno International Asa – slide 7
    Stepped up drilling in 2017 Planned 2017 capital investments of USD 100 million Bringing 2017 operational spend to an estimated USD 185 million Current Tawke drilling program includes four new production wells, of which two are…
  8. 2016 Interim Results – Dno International Asa – slide 8
    Cretaceous oil discovery at Peshkabir Peshkabir-2 well designed to explore Cretaceous and appraise previous Jurassic discovery reached total depth of 3,500 meters in late January Tested 3,800 bopd of 28 API from a 170 meter interval…
  9. 2016 Interim Results – Dno International Asa – slide 9
    Annual Statement of Reserves At year-end 2016, DNOs CWI proven and probable reserves (2P) and contingent resources (2C) estimated at 530 million barrels of oil equivalent (MMboe), up from 523 MMboe a year earlier CWI 2P reserves of…
  10. 2016 Interim Results – Dno International Asa – slide 10
    2017 well schedule Well 2017 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Tawke-35 (Cretaceous producer) Tawke-36 (Cretaceous producer) Tawke-38 (Jeribe producer) Tawke-39 (Jeribe producer) Tawke-40 (Jeribe water…
  11. 2016 Interim Results – Dno International Asa – slide 11
    Financial review Page 11 9 February 2017
  12. 2016 Interim Results – Dno International Asa – slide 12
    DNO financial results key figures Revenue Netback Operating profit USD million USD million USD million 600 68 300 286 75 503 500 452 250 25 6 400 204 -25 200 -75 300 150 201 -125 187 200 94 100 -175 -174 100 50…
  13. 2016 Interim Results – Dno International Asa – slide 13
    Kurdistan 2016 payments 2016 Kurdistan payments net to DNO by month received USD million During 2016, 10 monthly payments totaling USD 30 292 million received for Tawke exports 4.4 4.4 4.2 25 4.0 Of which USD 210 million net to…
  14. 2016 Interim Results – Dno International Asa – slide 14
    Financial summary USD million Q4 2016 Q3 2016 Q4 2015 2016 2015 Revenue 41.7 48.8 54.5 201.3 187.4 Cost of goods sold -36.9 -29.1 -26.7 -128.7 -197.0 Gross profit 4.8 19.8 27.9 72.6 -9.5 Expensed exploration -1.3 0.6 -4.1 -20.3…
  15. 2016 Interim Results – Dno International Asa – slide 15
    Investment program Annual operational spend USD million Capex Expex Lifting 200 185 180 161 160 140 125 120 100 80 60 40 20 0 2015 2016 2017 (projected) Stepping up operational spend by 50 percent in 2017…
  16. 2016 Interim Results – Dno International Asa – slide 16
    2016 cash flow USD million 400 -35.6 300 98.2 -39.1 200 261.1 237.6 100 0 Cash at end-2015 Cash from operations Exploration & Tax & finance Cash at end-2016 development investments Strong 2016 operational cash…
  17. 2016 Interim Results – Dno International Asa – slide 17
    Capital structure Cash deposits Financial assets Equity ratio USD million USD million Percent 350 70 70% 63 63 300 60 60% 57 266 261 238 50 50% 48 250 43 41 200 40 40% 150 30 30% 114 22 100 20 20% 14 50 10 10% 0 0…
  18. 2016 Interim Results – Dno International Asa – slide 18

From the store

Browse maps, data & reports in the Shale Experts store