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AGM – Soco International Plc

Soco International Plc · Jun 1, 2014 · 20 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. AGM – Soco International Plc – slide 1
    June 2014 Annual General Meeting 1
  2. AGM – Soco International Plc – slide 2
    2013 Highlights The TGT H5 exploration well was one of the best discovery wells ever in Vietnam, testing in excess of 27,600 barrels of oil equivalent per day (BOEPD) Returned 213.3mm (40p per share) to shareholders All…
  3. AGM – Soco International Plc – slide 3
    2013 Financial Summary (audited) (from continuing operations, US million, unless otherwise indicated) 2013 2012 Sales revenue 608.1 621.6 Net Entitlement Production 16,694 boepd vs 15,500 boepd Realisations 113/bbl vs…
  4. AGM – Soco International Plc – slide 4
    Vietnam Cuu Long Basin Blocks TGT production averaged 14,635 BOEPD net to WI in 2013 (12,065 YTD thru May) TGT development drilling continues for the next four to six years TGT 30.5% WI CNV 25% WI CNV production averaged…
  5. AGM – Soco International Plc – slide 5
    Te Giac Trang Field Layout Designed for 25,000 BOEPD, various tie-in options being considered, including in field tie-in and/or taking CPP at Bach Ho Field total production to Bach Ho 6
  6. AGM – Soco International Plc – slide 6
    7
  7. AGM – Soco International Plc – slide 7
    TGT Potential Future Well Location Options Production Wells in Green Water injectors in BLUE 8
  8. AGM – Soco International Plc – slide 8
    Phase of TGT Development TGT STOIIP recovered to date No revision in reserves other than associated gas which approximately replaces production H5 well results support confidence in high case STOIIP in excess of one…
  9. AGM – Soco International Plc – slide 9
    2014-2015 TGT Wells TGT-H1-18P (Infill E) H1.1 5.2L Infill G TGT-H1-19I Further H1 WI Well Options H1.2 Appr/ Dev Well TGT-H1-17PST1 H1.2 Crestal Infill K 2nd H2 Dev Well 2nd H2South Dev Well TGT-11X H3N Infill M…
  10. AGM – Soco International Plc – slide 10
    Various TGT Field Oil Production Outlooks TGT Field Forecast (FOPR) Indicative midcase STOIIP development case 0213_TGT_HM_V82M_TRAN0 0216_TGT_HM_V82M_TRAN0 0224_TGT_HM_V82M_TRAN0 0220_TGT_HM_V82M_TRAN0 0221_TGT_HM_V82M_TRAN0 70M…
  11. AGM – Soco International Plc – slide 11
    Central Africa Portfolio Cuvette Centrale Lake Kivu Basin 12
  12. AGM – Soco International Plc – slide 12
    North Congo Basin Current Portfolio 100% WI Litchendjili Extension to be drilled Q3 2014 Government approval received for farm-in to Mer Profonde Sud - Well 40.39% WI to be drilled Q2/3 2015 Evaluation of 60% WI discovery…
  13. AGM – Soco International Plc – slide 13
    Overview Litchendjili Extension Appraisal on Marine XI Target on trend with ENI Litchendjili Field announced to be ca. 1.2 mmboe in place. Target reservoir: Lower Cretaceous Djeno SS, tight pre-salt reservoir in…
  14. AGM – Soco International Plc – slide 14
    Marine XI Lideka Marine East iS3 Amplitudes, 1472 metres (ss) Discovered 50 metres net pay Found oil shows in Pimpedance section with highest porosities, but sandstone units were poorly LDKM1 developed LDKEM1 The seismic…
  15. AGM – Soco International Plc – slide 15
    MPS RR Prospect Exploration Well MohoBilondo development by Total 1200-1300 m water depth Prospect Resource potential: 100- 300 mmbo Upside, with Sendji leads, 600 mmbo (block) 16
  16. AGM – Soco International Plc – slide 16
    Block V Activity Seismic acquisition of 400 line-km program with 7 km dip line spacing on 2014 Planned 2D Lake Edward is Survey lines: Block V 85% WI complete Katwe Operations conducted under ICCN auspices and in full…
  17. AGM – Soco International Plc – slide 17
    Operations Programme: 2014 Country Licence/Field % W Interest 1Q14 2Q14 3Q14 4Q14 Vietnam TGT 30.5 TGT 30.5 CNV7P 25.0 TGT 30.5 H5 WHP Fabrication TGT 30.5 TGT 30.5 TGT 30.5 TGT 30.5 TGT 30.5 TGT 30.5 Congo B Marine XI 40.7…
  18. AGM – Soco International Plc – slide 18
    Outlook Continued strong cash generation from the Vietnam assets Development drilling on TGT and CNV Second phase of sustained capacity test on TGT FPSO pending completion of additional wells Addition of readytodrill high…
  19. AGM – Soco International Plc – slide 19
    Maximising Returns to Shareholders Sustainable annual return targeting 50% of Free Cash Flow Growth potential of an independent E&P company 20
  20. AGM – Soco International Plc – slide 20
    SOCO International plc 48 Dover Street London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.com 21

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