DISCLOSURE STATEMENT The information contained in this presentation is strictly confidential and for general guidance on matters of interest only. All information is provided as is, with no guarantee of completeness and accuracy, and…
1H 2012 A PERIOD OF SIGNIFICANT PROGRESS Sound Financial Footing Revenue of 179.4 MM Pre-tax operating cash flow 97.7 MM & profit of 15.9 MM Completed 212 MM rights issue, funds as at 30 June 206 MM Operational Progress Daily…
FINANCIALS
1H 2012 FINANCIAL OVERVIEW KEY FINANCIAL METRICS 1H-12 1H-11 Production lower due to disposal of ONWJ/SES and Production (Mboepd) 10.7 19.6 continued natural decline on Kambuna Realisation Oil realisations remain strong. Gas…
1H 2012 FINANCIAL OVERVIEW INCOME STATEMENT MM 1H-12 1H-11 Revenue 179.4 187.7 Revenue approx. flat: improved Group boe realisations, and unwinding of end-11 underlift Cost of sales Direct operating costs totalled 35.7 million, 27%…
1H 2012 FINANCIAL OVERVIEW CASH FLOW EVOLUTION Rights issue proceeds 1H-12 capex 78 m 400 Thai. Indon. P&D 22m 15m 350 E&A 12m 24m 78 FY-12 capex c275m 300 Production 10.7 kboe/d Oil and Liquids 104.7/bbl 199 36 Gas 7.3/mscf…
1H 2012 FINANCIAL OVERVIEW A TRANSITIONAL PERIOD FOLLOWING PORTFOLIO REALIGNMENT Unit cash flow increased by 23% to 20.8/boe (1H 2011: 16.9/boe) Post tax cash generation weighted towards 2H as annual SRB payment occurs in 1H (53 MM)…
OPERATIONS
GREATER BUALUANG BUALUANG FIELD DEVELOPMENT Bravo Platform completed on budget & ready for installation EIA approved after small delay HLV contracted for mid October Atwood Mako Rig mobilising to GoT, on location c. 6th Sept 2…
GREATER BUALUANG AREA G4/50: MATURING PROSPECT INVENTORY B8/38 Block + 5,000 sq. km of 3D high quality seismic now in-house and Bualuang Oil Field processed Maturing leads into prospects Number of prospect near drill ready EIA…
KERENDAN UPDATE DrillCo-1 commenced drilling Kerendan-4 well spudded 22 Aug Up to 3 further development wells Seek to commercialise further 160 Bcf Exploration drilling scheduled for 1Q 2013 West Kerendan-1, 335 Bcf, 45% CoS…
KUTEI UPDATE Ocean General rig under contract Mobilising to location of 1st consortium member 3 wells pre-Salamander Expect to spud S Kecapi well in Dec followed by North Kendang & Bedug Rapak 3D Mean Unrisked Prospect Licence…
AGGREGATED DRILLING PROGRAMME 2H 2012/2013 Atwood Mako Jack Up under long-term contract 2012 2013 Q3 Q4 Q1 Q2 Greater Exploration Bualuang Development 16 Development Wells Greater Exploration Kerendan Development DrillCo-1…
2012 OUTLOOK Entering a Busy Operational Phase: Rigs Secured Continuing to Work Existing Assets: Further Enhance Cash Margins Production Growth: Continued Development of Bualuang, East Terrace & Kerendan Fields Exploration…
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