Nostrum Oil & Gas Plc · LSE:NOG
Nostrum Oil & Gas — 9M 2018 Earnings Presentation
14 slides from Nostrum Oil & Gas's earnings presentation, 2018
Slide 1: Financial Results Presentation 9M 2018
Financial Results Presentation 9M 2018
Slide 2: 9M 2018 Financial Results
9M 2018 Financial Results Operations stabilised with strong cash flow during 9M 2018 1 • Revenue of US$311m (9M 2017: US$304m) from 9M average daily sales volumes of 30,523 boepd (9M 2018 average production: 31,757 boepd) 2 • EBITDA1 of US$188m (9M 2017: US$172m) and EBITDA1 margin of 60% (9M 2017:
Slide 3: Snapshot of key figures from 9M 2018
Snapshot of key figures from 9M 2018 Tight control of costs Sales volumes stabilised [boepd] • Sales volumes stabilised during 9M 2018 at above 30,000 boepd ➢ Well 40 test production (currently awaiting licence extension) 30,874 29,886 30,523 ➢ Well 201 brought online in July ➢ First quarter-on-quar
Slide 4: Strong liquidity position
Strong liquidity position Focus on capital preservation Balance sheet Hedging programme • US$102.4m1 cash and cash equivalents as at 30 September 2018 • Currently have 9,000 boepd hedged at a floor price of US$60/bbl ➢ Q3 closing cash balance affected by large receivables balance ➢ YE 2018 expiry ➢
Slide 5: Cash bridge to YE 2019
Cash bridge to YE 2019 Strong liquidity position @ US$60/bbl with cash generation from existing production CHN North-east • Short-cycle production growth Continued development following • Cash flow completion of technical study (H2 2019) CHN North expansion • Near / medium-term production 28k boepd
Slide 6: Overview of Chinarevskoye field
Overview of Chinarevskoye field Fields within a field North North-East • No current reserves • 75 wells drilled since 2007 with no dry holes • Successful discovery with Well 40 • Over 100mmboe sold over that period • Successful open hole production test during • Overall, the North-east area currentl
Slide 7: 2019 drilling programme (Chinarevskoye)
2019 drilling programme (Chinarevskoye) Allocate capital to maintain existing production and de-risk future production growth North Biyski North-east 1. H1 2019 drilling activity to focus on 3. Approach to further development of core area to drilling two wells in Northern area be decided following t
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: An infrastructure hub in North-western Kazakhstan
An infrastructure hub in North-western Kazakhstan RUSSIA SAMARA GTF / OTU CHN ORENBURG 17km gas Nostrum 100% owned field UOG Crude export pipeline Nostrum oil / condensate pipeline pipeline (KazTransOil) DAR Nostrum gas pipeline Nostrum access to offtake (UOG) 120km liquid export pipeline Third part
Slide 10: Supporting materials
Supporting materials
Slide 11: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position 11
Slide 12: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income 12
Slide 13: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows 13
Slide 14: 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