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Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp.

Pacific Rubiales Energy Corp. · Jun 1, 2014 · 17 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. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 1
    Financial & Opera-onal Results 1Q 2014 Produc(on Growth and Cash Genera(on Focus
  2. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 2
    1Q OPERATIONAL MILESTONES 2014 4
  3. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 3
    1Q 2014 Highlights* 148,827 Boe/d Net ProducFon: 16% higher vs. 1Q 2013 152,847 Sales Volume: 6% higher vs. 1Q and 4Q 2013 Boe/d 1,283 Million Revenue: 2% higher vs. 1Q 2013 708 Million Adjusted EBITDA: 14%…
  4. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 4
    ProducFon Growth Prole Mboe/d Gas Produc-on L&M Oil Produc-on PAP Heavy Oil Produc-on 350 316 325 307 310 311 12 11 12 300 12 12 26 28 29 39 61 3 7 6 250 5 200 148 150 128 128 128 134 11 269 267 264…
  5. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 5
    OperaFonal Eciency Robust Oil Netbacks /bbl Total Opera-ng Cost Netback Realiza-on Price 120 102.06 103.00 99.05 98.44 100 95.84 95.54 Despite varia-ons in oil realiza-on price, netbacks remain strong 38.72 37.27…
  6. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 6
    Commercial AcFvity Oil & Gas Sales Trading Advantages Market Prices RealizaFon Price /bbl /bbl WTI NYMEX ICE BRENT 130 104 103.00 102.06 120 102 100 98.44 110 98 100 95.84 95.54 96 90 94 80 92 70 90…
  7. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 7
    New Heavy Oil Field Developments CPE-6 Extending the Heavy Oil Belt Six appraisal wells drilled during the period Two re-entries into stra-graphic wells undertaken One appraisal well currently drilling Ongoing construc-on of…
  8. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 8
    Pacic Midstream / Infrastructure Mone-za-on of Infrastructure Assets OCENSA transac-on successfully closed during the quarter (385 MM) Pacic Midstream Assets: PEL (100 %) ODL (35.0%) BIC (41.5%) Mandate agreement: IFC…
  9. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 9
    Pacic Rubiales Long-term Strategic Vision Leading (growth & value crea-on) La-n America focused Independent E&P Sustainable growth in produc-on & reserves and cash genera-on Reserves Target growth mainly through drill…
  10. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 10
    1Q EXPLORATION 2014 12
  11. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 11
    1Q 2014 ExploraFon AcFvity Highlights 16 explora-on wells drilled in Colombia (8 explora-on and 8 appraisal) Evalua-on of 8 prospects through drilling 56% success rate this year 672 km2* - 3D seismic in the Quifa Block…
  12. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 12
    1Q 2014 Explora-on Ac-vity - Wells 2014 Block Wells 1Q 2014 ExploraFon Well Results 1Q 2Q 3Q 4Q Arrendajo 2 2 Prospect-Well Net Pay Block Welll Type Result CPE-6 15 6 3 6 Name (i)* CPO-14 2 2 5 Successful CPO-17 3 1 1 1…
  13. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 13
    1Q FINANCIAL RESULTS HIGHLIGHTS 2014 15
  14. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 14
    1Q 2014 Financial Highlights Financial Results OperaFng Netbacks EARNINGS FROM Million REVENUES ADJUSTED EBITDA FFO OPERATIONS /boe Oil Netback Gas Netback Combined Netback 1,400 80 1,283 1,259 70 66.98 1,200 63.34…
  15. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 15
    Financial Results Breakdown P&L 1Q 2014 (Million of US) Cash Costs Non-Cash Costs 1,283 471 29 75 708 61 149 498 376 474 2 2 118 1 119 Revenues Opera-ng Fees Paid on G&A Adjusted EBITDA Finance Income…
  16. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 16
    Strong Balance Sheet, Liquidity RaFos and ProducFon Growth Financial Results (Million of US, except amount per share) 2014 2013 1Q FY 4Q 3Q 2Q 1Q DEBT / ADJUSTED EBITDA-ANNUALIZED 1.61 1.73 1.73 0.91 0.90 0.90 ADJUSTED…
  17. Financial and Operational Results 1Q 2014 – Pacific Rubiales Energy Corp. – slide 17

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