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MANAGEMENT PRESENTATION – Maurel Et Prom

Maurel Et Prom · Mar 27, 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. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 1
    Management presentation Full year 2013 27 March 2014
  2. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 2
    Asset management 1 2 3 Strategic partnership 4 Sale of Sabanero Saint-Aubin Energie Caroil Africa in Quebec M&P owns 50,001% of MP Investment joint venture 9 rigs bought from Partnership with Quebec Colombia between M&P 1/3 and…
  3. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 3
    Financing New US200 million line of credit set up credit facility with a bank consortium for up to 200 million signed in January 2014 To cover the redemption of OCEANE 2014 bonds Net debt as of 31/12/2013 OCEANE 2014: 298…
  4. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 4
    Omoueyi sales Sales of the producing fields in Gabon Real 2013 Real 2012 var. % Operated production bopd 23,763 17,575 Sold production Kbbls 6,974 5,428 28% Sale price 107 111 -3% Sales in US m 745 601 24% Exchange rate / 1.33…
  5. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 5
    Omoueyi Result per barrel Real 2013 Sold production Kbbls 6,974 per barrel en M en M Sales 106,8 745 561 Opex -8,2 -60 -45 Transport -4,7 -35 -26 Inventory 1,9 14 11 Royalties and tax -6,8 -50 -38 Depletion -11,6 -86 -65…
  6. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 6
    2013 Results Significative increase in production (+30%): In m 2013 2012 Var Sales: +28%, 580m EBIT: +68%, 312m Sales 580 452 28% Cash flows: +8%, 348m Increase in P1 reserves decreasing the amortization Operating income 312…
  7. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 7
    2013 cashflow Operating Exploration Develppment Acquisition of Dividend New loans Loan repaid Closing cash Opening cash cash flow 2 rigs 7 2013 Results
  8. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 8
    2013 balance sheet Total 2013: 1,891m 2012: 1,829m Exploration Development Non recurring assets Recurring assets Cash at bank Recurring liabilities Non recurring liabilities Shareholder equity 8 2013 Results
  9. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 9
    Certified reserves and resources as of 1/1/2014 Oil reserves at 1/1/2014 Gaz resources after application of the new PSA terms Once a gas sales contract is signed by all parties, the WI 3P = gas resources at the Mnazi Bay permit…
  10. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 10
    New production sharing contract in Gabon New Ezanga PSA Omoueyi Ezanga Ezanga Exploration phase sept-14 2019 Onal : 3+5+5 Omko : 6+5+5 Remaining duration (10+5+5)x2* Ombg and Omgw : 7+5+5 Omoc-N : 9+5+5 Partner working…
  11. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 11
    2014 Production Plateau production reached at 35,000 bopd Production target of 35,000 bopd at end-2014 Production was reduced in the Q1 2014 to 25,000 bopd for maintenance reasons Up to 35,000 bopd in the H2 2014 Production…
  12. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 12
    Latin America COLOMBIA PERU CPO 17 One appraisal well on Dorcas Three stratigraphic wells on Godric Drilling of the Fortuna-1 well (in progress) 12 2013 Results
  13. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 13
    West Africa GABON NAMIBIE Gaz Oil CPO 17 Ezanga Omoueyi/Ezanga Kari Kari Nyanga Nyanga Mayombe Mayombe New CEPP Ezanga: new exploration phase of five years 2D sismic finalization Launch drilling programm on…
  14. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 14
    East Africa TANZANIA MOZAMBIQUE CPO 17 Rovuma offshore Anadarko/Cove Mnazi Bay : 2D sismic acquisition (finalization in H1 2014) Two exploration wells on Rovuma permit onshore BRM : seismic processing (June 2014),…
  15. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 15
    Canada GASPESIE ANTICOSTI CPO 17 Recognition of different tanks 15 to 18 stratigraphic wells and 3 exploration wells Stratigraphic wells with completion (Summer 2014) 15 2013 Results
  16. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 16
    Canada and Myanmar ALBERTA MYANMAR Bloc M2 3 2 SAGD pilot project Steam operations Exploration well in H2 2014, operator Petrovietnam First production expected in Summer 2014 16 2013 Results
  17. MANAGEMENT PRESENTATION – Maurel Et Prom – slide 17
    2013 Results

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