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Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp

Endeavour International Corp · Mar 5, 2014 · 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. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 1
    Fourth Quarter and Year-End 2013 Earnings Review March 5, 2014
  2. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 2
    2013 Fourth Quarter and Year-End Operational/Financial Results Physical Production and Sales Volumes Physical production for Q4 averaged 12,422 boepd compared to 7,980 boepd during Q3 2013 Year-over-year average sales volumes increased…
  3. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 3
    Recent Events Refinanced the Revolving Credit Facility (115 million) and two LC reimbursement agreements (153 million) Prior interest rates ranged from 9% - 13% New Senior Secured Term Loan = 8.25% (Libor + 700 basis points)…
  4. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 4
    Sales Volumes (BOE per day) 2013 2012 Q4 Sales = 13,648 Q4 Sales = 11,541 15% 1% 15% 7% US Gas 78% 84% US Oil UK Gas Full Year Sales = 10,017 Full Year Sales = 7,868 UK Oil 1% 5% 30% 12% 83% 69% Physical…
  5. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 5
    Summary Financial Results Three Months Ended Dec. 31, Full Year Measure ( in millions, except per share data) 2013 2012 2013 2012 Oil and Gas Revenues 116.9 97.6 337.7 219.1 Operating Expenses 33.5 23.9 105.4 58.5 Adjusted cash…
  6. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 6
    Adjusted EBITDA Three Months Ended Dec. 31, Full Year Measure ( in millions, except per share data) 2013 2012 2013 2012 Net Income (loss) (27.7) (6.5) (95.5) (126.2) Unrealized (gain) loss on derivatives 3.0 (7.3) 1.8 (5.1) Net…
  7. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 7
    Adjusted Net Income (Loss) Three Months Ended Dec. 31, Full Year Measure ( in millions, except per share data) 2013 2012 2013 2012 Net Income (loss) (27.7) (6.5) (95.5) (126.2) Impairment of U.S. oil and gas properties - 6.0 9.6…
  8. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 8
    Capex Update Three Months Ended Dec. 31, Full Year Measure ( in millions) 2013 2012 2013 2012 Direct Oil & Gas Capex U.K. 37.2 47.1 162.8 174.4 U.S. 1.5 0.8 6.7 15.4 Total Direct Oil & Gas Capex 38.7 47.9 169.5 189.8 Acquisitions…
  9. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 9
    2014 Direct Capital Expenditure Budget U.S. Other Colorado Alba U.K. Other 2014 Direct CapEx = 60 million - 80 million U.K. = 40 million - 55 million U.S. = 20 million - 25 million Decommissioning costs for IVRR,…
  10. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 10
    Pro Forma Debt Maturity Schedule 500 400 300 554 mm 200 78 12.5 100 135 125 0 2014 2015 2016 2017 2018 Convertible Notes due 2016 (18.51 per share conversion price) Convertible Bonds due 2016 (16.52…
  11. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 11
    Monetary Production Payments Repayment Schedule 60 55 54 50 40 mm 30 20 18 12 13 9 10 10 10 10 0 1/14 4/14 7/14 10/14 1/15 4/15 7/15 10/15 1/16 Total issuance of 175 million, 13 million repaid through Q1 2014…
  12. Fourth Quarter and Year End 2013 Earings Review – Endeavour International Corp – slide 12
    NYSE:END LSE:ENDV www.endeavourcorp.com INVESTOR CONTACTS: Darcey Matthews Director of Investor Relations (713) 307-8711 darcey.matthewsendeavourcorp.com

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