Skip to main content TD Securities Conference – Sterling Resources Ltd. Investor Presentation | Shale Experts
Loading...
Pm

TD Securities Conference – Sterling Resources Ltd.

Sterling Resources Ltd. · Jan 1, 2014 · 14 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. TD Securities Conference – Sterling Resources Ltd. – slide 1
    TD Securities Conference January 2014
  2. TD Securities Conference – Sterling Resources Ltd. – slide 2
    Overview of Sterling Resources E&P independent listed on TSX-V (Toronto, ticker SLG) Market cap of C207m (Jan 10, 2014) Net debt of C149m (Sep 30, 2013) 4 areas of operations: UK, Romania, France and the Netherlands Main asset -…
  3. TD Securities Conference – Sterling Resources Ltd. – slide 3
    Strong production growth expected 18 16 Sterlings production should increase materially in coming years: 14 Cladhan expected on-stream Q1 2015 12 Breagh Phase 2 expected on-stream 2017 Mboe/d net 10 Crosgan expected…
  4. TD Securities Conference – Sterling Resources Ltd. – slide 4
    Material Reserves, Contingent & Prospective Resources Significant exploration and appraisal activity over next few years aimed at firming up a large part of contingent/ prospective resources . (1) 2P = Proved plus Probable…
  5. TD Securities Conference – Sterling Resources Ltd. – slide 5
    Vision and strategy VISION: BECOME A LEADING EUROPE-FOCUSED E&P COMPANY WITH DIVERSIFIED CASH FLOW, DELIVERING SUPERIOR RETURNS TO SHAREHOLDERS Strengthen balance sheet by maximising cash flow Focus on Breagh remedial work and…
  6. TD Securities Conference – Sterling Resources Ltd. – slide 6
    Breagh: field summary Participants Sterling (30%), RWE Dea (70%, op.) Breagh is one of the largest gas discoveries under development Field 2P Reserves(1) 604 Bcf sales gas, 2.4 MMb condensate in the Southern North Sea Net 2P…
  7. TD Securities Conference – Sterling Resources Ltd. – slide 7
    Breagh: future plans Remaining Phase 1 development Well A07 to be hydraulically stimulated and brought on- stream Q2 2014, after rig returns from routine certification at shipyard Stimulation of further wells possible Well A08 to…
  8. TD Securities Conference – Sterling Resources Ltd. – slide 8
    Cladhan: field summary Sterling 13.8% (post TAQA carry), Participants TAQA (52.7%, operator), Wintershall (33.5%) 2P Reserves(1) 16.5 MMbbls field, 1.9 MMbbls net (post carry) P50 Prospective Resources(1) 34 MMbbls field, 4.7…
  9. TD Securities Conference – Sterling Resources Ltd. – slide 9
    Romania: significant acreage position CONTINGENT AND PROSPECTIVE RESOURCES (1)(2) AS OF DECEMBER, 31 2012 (RPS) Net to Sterling working interest GAS Contingent (2C) Prospective (Best) 319 Bcf 1974 Bcf OIL Contingent (2C)…
  10. TD Securities Conference – Sterling Resources Ltd. – slide 10
    Romania: a potential company maker ATTRACTIVE ECONOMICS ACTIVITY AND CATALYSTS Low royalty rate at 3-13.5% 2012: Low corporate tax at 16% Domino-1 (Exxon/OMV) discovered 1.5 - 3.0 Tcf gas Tax/royalty system being revised to reflect…
  11. TD Securities Conference – Sterling Resources Ltd. – slide 11
    Netherlands: probable oil development CONTINGENT AND PROSPECTIVE RESOURCES (1) AS OF DECEMBER, 31 2012 (RPS) Net to Sterling working interest GAS Contingent (2C) Prospective (Best) 0 Bcf 163 Bcf OIL Contingent (2C) Prospective…
  12. TD Securities Conference – Sterling Resources Ltd. – slide 12
    Expected high activity level across existing portfolio January 2014 TD Securities Conference Page 12
  13. TD Securities Conference – Sterling Resources Ltd. – slide 13
    Healthy financial position Cash and Cash Flow Balance sheet at Sep 30, 2013 Cash & Cash Equivalents at end 2013 was C45.5m (US42.5m) C37.1m unrestricted Required to be US10m CAD mln in UK (Bond covenant) C8.4m restricted Cash & Cash…
  14. TD Securities Conference – Sterling Resources Ltd. – slide 14
    Summary Highly cash generative, full-cycle E&P company: - 2014 cash flow from Breagh expected to be US125m - Significant UK tax losses with no tax payable until 2020 Production growth of 19% per annum average from 2014 to 2019…

From the store

Browse maps, data & reports in the Shale Experts store