Q1 2013 and year-to-date highlights Q1 company working interest (CWI) production of 45,744 boepd (78,917 boepd gross) Q1 CWI sales volumes of 37,909 boepd (66,279 boepd gross) Q1 operating revenue of USD 113 million and operating…
CWI production 50,000 Kurdistan Kurdistan volumes stored at Ceyhan, Turkey Oman Yemen 45,744 3,907 2,505 39,966 38,354 39,170 40,000 7,597 4,999 4,143 3,907 5,745 30,000 10,736 7,835 CWI boepd 21,511 17,381 20,000…
CWI 2P reserves 600 CWI 2P reserves up 389 MMboe 49 since 2009 (compound annual 14 500 542 growth rate of 38 percent) 14 520 2013 reserve replacement ratio of 400 152 percent New reserves booked at Summail, MMboe 372…
Progress at Tawke Year-end facilities capacity Set new daily field production record of 129,000 200,000 barrels in March 180,000 160,000 Four horizontal wells currently on production 140,000 Preparing to test two newly completed…
Progress at Dohuk and Erbil licenses 1 Dohuk license Pressuring up pipelines to initiate sales from Summail-1 well to Dohuk Power Plant at up to 50 MMcfd Summail-3 well completed; Summail-2 well drilling ahead Deliveries to ramp up to…
Production and development activity Sixteen production and development wells in some stage of drilling this year in three countries There has not been a day since 1998 that DNO has not been drilling somewhere across its portfolio…
Exploration and appraisal activity Active exploration and appraisal drilling program in 2014 and 2015 Looking to move the needle again by targeting 570 MMboe of gross unrisked resources across the portfolio Seven exploration and…
Progress across the portfolio Oman Block 8 production uptick expected following completion of West Bukha workover program Slide in Yemen production reflects prevailing security conditions but now beginning to ramp up field…
Interim Presentation 2014 Financial Summary
Q1 2014 financial results key figures Change in presentation currency from NOK to USD effective from Q1 2014 Q1 financial results do not include contribution of value from Tawke oil in storage at Ceyhan Investment program across…
Q1 2014 revenue and gross profit distribution Revenues USD million Gross Profit USD million Oman: 7 Yemen: 1 Oman: 28 Yemen: 16 Kurdistan: 69 Kurdistan: 38 Interim Presentation 2014 First Quarter Slide 12
Increasing investments in line with plan Capex and capitalized exploration Capex and capitalized exploration 90 Kurdistan Oman Yemen UAE Tunisia Other increased to USD 85 million in Q1 80 In line with 2014 budget and guidance 70…
Robust capital structure Maintained strong financial position net cash positive versus debt Capacity to execute work program and capitalize on new opportunities Cash deposits at bank Financial assets held* Equity ratio 350 200…
Financial results summary USD million Q1 2014 Q4 2013 Q1 2013 FY2013 FY2012 Q1 Highlights Sales 112.8 133.6 103.3 503.0 524.5 Lower revenues in Cost of goods sold -71.1 -48.4 -49.9 -208.3 -208.4 Kurdistan and Yemen Increase in COGS…
Q1 cash flow movements Cash generated from operations continues to fund capital expenditures, taxes and interest 400 350 104.3 -10.1 -5.1 300 -84.5 266 250 -28.5 USD million 265.9 266 242.2 200 266 150 242…
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