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Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp

Endeavour International Corp · Oct 2, 2013 · 17 slides

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Slides

  1. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 1
    Johnson Rice & Co. 2013 Energy Conference Investor Presentation October 2, 2013
  2. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 2
    Endeavour At A Glance Substantial near-term growth through completed development activities Rochelle field development in final execution phase U.K. Bacchus third production well on-line U.K. Strategic review process ongoing Key…
  3. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 3
    Our Growing Resource Base Reserve Growth 60 50 47.2 100% 45.1 43.7 40 38.9 38% 21.5 Gas 22.3 MMBoe 30 25.0 26.1 20.7 20 19.3 62% 25.7 Oil 10 22.7 18.2 18.7 6.8 0 2008 2009 2010 2011 2012 Proved…
  4. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 4
    Overview of Endeavours U.K. Assets Current Production Development Projects 2013 Exploration Enoch Alba Rochelle Bacchus Columbus Bittern Centurion South 5
  5. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 5
    Production Sold Into Higher-Valued European Markets Crude oil Natural gas Average Brent price over the period: 108.45 Average spread over the period: 5.96 16 125 14 115 12 10 105 6.71 8 spread 95 6 85 4 75 2 WTI…
  6. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 6
    Rochelle Overview - Blocks 15/26b, 15/26c and 15/27 Endeavour WI: 44% Operator: Nexen (41% WI) 15/26a 15/27 (E) Partner: Premier Oil (15% WI) Mostyn Ravel Online: Q4 2013 15/26c Rossini Project in final execution phase Drilling…
  7. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 7
    Bacchus - Block 22/06a Central North Sea Endeavour WI: 30% Bacchus Operator: Apache (50% WI) Partner: First Oil (20% WI) Reservoir is formed by shallow marine Fulmar Forties sandstones of Upper Jurassic age Production at…
  8. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 8
    Alba Field Overview - Block 16/26a Endeavour WI: 25.68% Operator: Chevron (23.37% WI) Partners: Statoil (17% WI) Mitsui (13% WI) Centrica (12.65% WI) Enquest (8% WI) Britannia Discovered/1st Production 1984/1994 Late Eocene…
  9. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 9
    High Quality Exploration in Core Central North Sea Area Exploration Portfolio in Core Central North Sea Prospects, Discoveries and Licences Enoch Net Unrisked Contingent Prospective Resources: Rogers 376 MMboe 28 Licences (12…
  10. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 10
    US Onshore Assets US 2013 Q2Totals 485,000 gross / 140,000 net acres Building Portfolio 8.4 MMCFe/D net production Heath Marcellus Niobrara Niobrara/Frontier Haynesville Oil Captured Gas Pending deal Mixed 11
  11. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 11
    US Onshore Portfolio Colorado Niobrara/Frontier Position (75-100% WI) 40,000 gross acre position; 23,000 acre Piceance Basin Wiley Federal Unit formed Initial vertical pilot well drilled at Wiley, evaluating well log and core data…
  12. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 12
    Production Volumes (BOE per day) 2013 2012 Q2 Sales = 14,497 Q2 Sales = 4,677 9% 54% 45% 91% US Gas US Oil UK Oil UK Gas Physical production volume for the second quarter averaged 9,498 boepd vs. 9,385 boepd for Q1…
  13. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 13
    2013 Direct Capital Expenditures U.K. = 170 million - 180 million U.S. = 10 million - 30 million Alba Bacchus Centurion South U.K. Other Rochelle U.S. Direct capital expenditures in the U.K. increased 30 million to…
  14. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 14
    U.K. Hedged Oil Position 6,000 120 5,000 100 4,000 80 bbl/d /bbl 3,000 60 2,000 40 1,000 20 - 0 3Q2013 4Q2013 1Q2014 2Q2014 Hedged Production Ave Ceiling Ave Floor The current hedging program involves embedding…
  15. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 15
    Debt Maturity Schedule 500 400 300 554 mm 200 74 100 115 135 0 2013 2014 2015 2016 2017 2018 Revolving Credit Facility due June 2014 Convertible Notes due 2016 (18.51 per share conversion price)…
  16. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 16
    Corporate Focus for 2013 Rochelle in Final Execution Phase The West development well (W-1) completed Drilling of the lateral section commenced on the E-2 well at East Rochelle First gas in Q4 of 2013 Bacchus Development…
  17. Johnson Rice & Co 2013 Energy Conference – Endeavour International Corp – slide 17
    NYSE:END LSE:ENDV www.endeavourcorp.com INVESTOR CONTACT: Darcey Matthews Director of Investor Relations 713.307.8711 darcey.matthewsendeavourcorp.com

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