Japan Petroleum Exploration Co., Ltd. · TSE:1662

Japan Petroleum Exploration — 1H FY2005 Earnings Presentation

32 slides from Japan Petroleum Exploration's earnings presentation, Nov 16, 2004

  1. Slide 1: 2005 2004

    2005 17 3 2004 11 16 1

  2. Slide 2: Copyright

    Copyright: 1H, 2H (a) (e) ”revised” “revised estimate” IR IR 03-5461-7481 2

  3. Slide 3: - -

    17 3 - 17 3 - 3

  4. Slide 4: 4

    4

  5. Slide 5: Crude oil price trends

    USD/bbl (CIF) 2000 1 9 9 USD/bbl WTI 2004 8 9 9 WTI NYMEX IPE 12 FOB CIF CIF 2004/8 9 10 11 (10 39.70$/bbl) 5

  6. Slide 6: Results and forecast summary

    5 17 1H (a) 2H (e) 84,163 46,371 53,187 99,558 +15,395 9,123 3,139 9,212 12,351 +3,228 11,313 7,259 9,211 16,470 +5,157 9,556 5,583 5,460 11,043 +1,487 +51 19 25 20 24 29 6

  7. Slide 7: 7

    7

  8. Slide 8: Exploration well results

    Loc.M1 3,500m 4,000m 4,600m L22 4,050m 8

  9. Slide 9: Well test results

    SK-1D ( ) 03 10 ~12 Loc. M1 ( ) SK-17DH ( ) 04 7 ~ 9 05 2 9

  10. Slide 10: 1984 KL

    1984 12 KL 10

  11. Slide 11: Gas pipeline and supply

    95Km 16 200 m3/d 200 19 3 80% 20% 11

  12. Slide 12: Overseas project interests

    125 bbl (03 ( ) 50.00% ’03/12 23.5 32.00% 4,151 1,890 897 50.00% ’04/ 3 32.8 17.50% 1,360 431 301 12

  13. Slide 13: 13

    13

  14. Slide 14: Schedule of events

    10/23 17:56 18:00 19:40 23:58 10/24 6:05 ~ 9:45 10/25 8:14 10/26 8:20 ~ 12:30 7 6 10/28 11/ 2 ( ) 14

  15. Slide 15: 15

    15

  16. Slide 16: LNG

    LNG 24 YNN YN ’ mapa VY NN YS 16

  17. Slide 17: m3 m3 4.7 0.6

    9 10 26 9 11 2 9 9 688 m3 729 m3 9 4.7 9 0.6 17

  18. Slide 18: -

    17 3 - 18

  19. Slide 19: Forecast sensitivity to oil price

    17 3 16 3 5 17 8 13 10 29 11 15 42,352 37,100 43,873 46,300 46,371 7,169 2,518 5,571 7,200 7,259 4,762 3,055 4,865 5,500 5,583 +14 +5 28$/bbl 35$/bbl +15 4 9 5 19

  20. Slide 20: First half results vs prior year

    16/3 17/3 9 1H (a) 1H (a) + 16 42,352 46,371 +4,018 16,609 16,086 523 14 1,387 2,826 +1,439 16 9,543 10,120 +576 ( 5,679 3,139 2,539 1,490 4,119 +2,628 191 500 +691 *1 592 1,762 +1,169 *2 68 53 +15 1,156 1,909 +752 7,169 7,259 +89 11 4,762 5,583 +821 *1 *2 20

  21. Slide 21: Crude oil sales

    KL 2Q(a) – 252 1Q(a) – 117 15 16 3 17 3 3 1H (a) (a) 1H (a) (e) 1H (a) ( KL) 472 293 606 252 577 41 (Yen/KL) @21,680 @21,016 @21,071 @25,679 @25,840 + 4,663 $/bbl) 26.50 28.67 29.37 35.24 36.75 +6.57 Yen/$) 122.86 118.62 113.71 109.34 109.73 9.28 10,237 6,169 12,784 6,475 14,933 + 306 21

  22. Slide 22: Natural gas sales

    m3 2Q(a) – 552 m3 1Q(a) – 259 m3 15 16 3 17 3 3 1H (a) (a) 1H (a) (e) 1H (a) ( m3) 1,154 571 1,296 552 1,281 18 41,479 18,750 42,560 16,568 39,955 2,182 ( /m3) @35.92 @32.81 @32.83 @29.97 @31.19 2.84 976 442 1,024 457 1,051 + 15 35,218 14,578 33,813 13,647 32,532 931 22

  23. Slide 23: –

    17 3 – 23

  24. Slide 24: Full-year forecast

    - 1H (a) 2H (e) 84,163 46,371 53,187 99,558 +15,395 51 25 26 36,096 16,086 24,651 40,737 +4,641 6,231 2,826 3,982 6,808 +577 20,742 10,120 11,458 21,578 +836 9,123 3,139 9,212 12,351 +3,228 19 2,190 4,119 0 4,119 +1,929 27 28 682 500 31 531 151 *1 480 1,762 67 1,829 +1,349 *2 657 53 519 572 + 85 1,6

  25. Slide 25: Crude oil sales forecast

    1H (a) 2H (e) ( KL) 597 252 325 577 19 (Yen/KL) @19,347 @25,679 @25,965 @25,840 + 6,493 $/bbl) 28.00 35.24 38.00 36.75 + 8.75 Yen/$) 105.00 109.34 110.00 109.73 + 4.73 11,558 6,475 8,457 14,933 + 3,375 1H (a) 35.24 $/bbl 3Q (e) 39.00 $/bbl 28$/bbl 4Q (e) 37.00 $/bbl 25

  26. Slide 26: Natural gas sales forecast

    1H (a) 2H (e) m3 1,206 552 729 1,281 + 75 37,886 16,568 23,387 39,955 +2,069 /m3 @31.42 @29.97 @32.10 @31.19 0.23 985 457 594 1,051 + 66 30,765 13,647 18,885 32,532 + 1,766 1H 518 m3 1H (a) 552 m3 2H 688 m3 2H (e) 729 m3 26

  27. Slide 27: Japex (US) Corp. results

    16/3 17/3 17/3 (a) 1H (e) 2H (e) 1H (a) 2H (e) *1 221 203 592 795 249 1,211 1,460 *2 221 203 107 310 419 419 8 8 45 45 493 493 668 1,256 1,924 *1 *2 / + 14.3 9 Japex (US) Corp. 9 PL 9 (e) Japex US 8.0 9.7 1.5 27

  28. Slide 28: (a) 1H (e) 2H (e)

    16/3 17/3 17/3 (a) 1H (e) 2H (e) 1H (a) 2H (e) 2,174 132 117 249 496 46 542 *1 2,911 198 428 230 1,266 21 1,287 *2 858 858 737 792 545 1,337 1,762 67 1,829 *1 + 4.9 *2 ) 9 9 (e) 9.6 0.9 5.4 Japex Gulf Producing 4.5 28

  29. Slide 29: Loc. M1

    9 Loc. M1 5.8 9 9.7 9 5.0 19.5 9 4.8 9 2.8 9 4.7 0.6 5.3 20.1 9 12.0 ( 27 ) 29

  30. Slide 30: Revised estimate vs previous

    (a) vs. (revised) + 21 16/3 17/3 (a) (revised) 13 + 24 96,713 99,558 +2,845 16 38,653 40,737 +2,084 30 5,213 6,808 +1,595 ( 20,990 21,578 +588 +21 12,449 12,351 98 2,018 4,119 +2,101 101 531 +430 *1 737 1,829 +1,092 *2 205 572 367 1,384 2,331 +947 14,468 16,470 +2,002 8 9,960 11,043 +1,083 *1 *2 30

  31. Slide 31: Crude oil sales data

    – KL 4Q(e) – 577 * revised estimate 2Q(a) – 252 1Q(a) – 117 15 16 3 17 3 3 1H (a) (a) 1H (a) (e) (e) ( KL) 472 293 606 252 577 28 (Yen/KL) @21,680 @21,016 @21,071 @25,679 @25,840 + 4,769 $/bbl) 26.50 28.67 29.37 35.24 36.75 + 7.38 Yen/$) 122.86 118.62 113.71 109.34 109.73 3.98 10,237 6,169 12,784 6,

  32. Slide 32: Natural gas sales data

    – m3 4Q(e)– 1,281 m3 * revised estimate 2Q(a) – 552 m3 1Q(a) – 259 m3 15 16 3 17 3 3 1H (a) (a) 1H (a) (e) (e) ( m3) 1,154 571 1,296 552 1,281 15 41,479 18,750 42,560 16,568 39,955 2,605 ( /m3) @35.92 @32.81 @32.83 @29.97 @31.19 1.64 976 442 1,024 457 1,051 + 27 35,218 14,578 33,813 13,647 32,532 1,

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