7 slides from Etablissements Maurel & Prom Sa's earnings presentation, Oct 24, 2018
Slide 1: Q3 2018 presentation
Q3 2018 presentation 24 October 2018
Slide 2: Key figures for the third quarter of 2018
Key figures for the third quarter of 2018 Sales Continued rise in crude prices: average sale price for the period of $70.7/bbl Up 40% compared with the first nine months of 2017 $342mm Sales over the first nine months of 2018 Oil production in Gabon was 20,162bopd for operated interest Product
Slide 3: Update on production in Gabon
Update on production in Gabon Operated oil production in Gabon over the first nine months of 2018 Commentary 30,000bpd Operated oil production on the Ezanga permit Q1 2018 average: 23,975bpd stood at 20,162bopd in the first nine months of 2018 25,000bpd 16,129bopd for M&P’s 80% working interest
Slide 4: Focus on oil export challenges in Gabon
Focus on oil export challenges in Gabon Summary of 2018 events Map of the Ezanga oil export pipeline network Exports were interrupted in recent months due to build-ups of pressure Cap Lopez in the export pipeline operated by a third party, through which the export terminal Onal production of sever
Slide 5: Update on production in Tanzania
Update on production in Tanzania Operated gas production in Tanzania over the first nine months of 2018 Commentary 100mmcfpd Q3 2018 average: Operated gas production averaged 81.8mmcfpd Q2 2018 average: 86.7mmcfpd Q1 2018 average: 81.6mmcfpd in the first nine months of the year, an 83% 77.0mmcfpd
Slide 6: The current strong cash position allows M&P to pursue its organic and external growth strategy
The current strong cash position allows M&P to pursue its organic and external growth strategy On the Ezanga permit, the development drilling campaign which began in the second quarter Development of of 2018 continued with a total of six wells drilled and completed by mid-October existing assets
Slide 7: M&P's entry into Angola is a new expansion in the Congo basin
M&P’s entry into Angola is a new expansion in the Congo basin, a region where M&P has extensive experience Ezanga (M&P 80 %) Blocks 3/05 and 3/05A Developped and currently operated by M&P Palanca field PAL 2 Kari & Nyanga-Mayombé (M&P 100 %) PAL F2 PAL 1 FSO Exploration permits 3/05 producing block