Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — Q1 2019 Earnings Presentation
13 slides from Nostrum Oil & Gas's earnings presentation, May 1, 2019
Slide 1: Financial Results Presentation Q1 2019
Financial Results Presentation Q1 2019
Slide 2: Q1 2019 Financial Results
Q1 2019 Financial Results Operations stabilised with rising production and revenue during Q1 2019 1 • Revenue of US$95.4m (Q1 2018: US$94.8m) from average sales volumes of 31,621 boepd (Q1 2018 average sales volumes: 30,874 boepd) 2 • EBITDA1 of US$58.7m (Q1 2018: US$57.2m) and EBITDA1 margin of 61.
Slide 3: Snapshot of key figures from Q1 2019
Snapshot of key figures from Q1 2019 Production stabilised along with lower costs Sales volumes stabilised [boepd] • Sales volumes stabilised during Q1 2019 at above 30,000 boepd 30,874 31,621 Well 40 test production Wells 41 & 42 nearing completion Quarter-on-quarter increase in sales volumes
Slide 4: Strong liquidity position
Strong liquidity position Focus on capital preservation Balance sheet Hedging programme • US$75.7m1 cash and cash equivalents as at 31 March 2019 • Company will continue to assess market conditions and look at options for hedging in 2019 • Net debt of US$1,034.1m1 as at 31 March 2019 • No debt matur
Slide 5: Cash bridge to YE 2019
Cash bridge to YE 2019 Strong liquidity position @ US$60/bbl with cash generation from existing production Unwind of receivables 28k boepd sales Coupon volumes @ US$60/bbl payment in Q3 Remaining 167 43 commissioning costs Two rig drilling programme 23 75 100 76 Closing cash OPCF Finance costs GTU3
Slide 6: Overview of Chinarevskoye field
Overview of Chinarevskoye field Fields within a field North North-East Reservoirs Reservoirs Frasnian Biski / Afoninski NE Bashkirian Vorobyovski Tournaisian NE / W Mullinski NE Mullinski N Ardatovski NE Mullinski S • No current reserves • 75 wells drilled since 2007 with no dry • Successful discove
Slide 7: An infrastructure hub in north-western Kazakhstan
An infrastructure hub in north-western Kazakhstan RUSSIA SAMARA GTF / OTU Chinarevskoye ORENBURG 17km gas Crude export Ural Oil & Gas Nostrum 100% owned field pipeline Nostrum oil / condensate pipeline pipeline (KazTransOil) Darinskoye Nostrum gas pipeline 120km liquid Nostrum access to offtake (UOG
Slide 8: Key focus areas for 2019
Key focus areas for 2019 1 • Maintain production above an average of 30,000 boepd assuming only wells drilled in 2018 are producing Production • Bring additional appraisal wells on line during 2019 to start to build production • Further appraise Northern area discoveries to fully assess potential fo
Slide 9: Supporting materials
Supporting materials
Slide 10: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 10
Slide 11: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 11
Slide 12: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 12
Slide 13: Disclaimer
Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO AN INVESTOR. BY ATTENDING THE PRESEN