Q RESULTS CONFERENCE CALL MAY 7, 2014

Size: px
Start display at page:

Download "Q1 2014 RESULTS CONFERENCE CALL MAY 7, 2014"

Transcription

1 Q RESULTS CONFERENCE CALL MAY 7, 2014

2 CAUTIONARY STATEMENT This presentation may include certain statements that may be deemed to be forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of Such statements relate to possible future events. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as seek, anticipate, plan, continue, estimate, expect, may, will, project, predict, potential, targeting, intend, could, might, should, believe and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although TransGlobe s forward-looking statements are based on the beliefs, expectations, opinions and assumptions of the Company s management on the date the statements are made, such statements are inherently uncertain and provide no guarantee of future performance. In particular, this press release contains forward-looking statements regarding the Company's plans to issue a quarterly and a special dividend to shareholders. Actual results may differ materially from TransGlobe s expectations as reflected in such forward-looking statements as a result of various factors, many of which are beyond the control of the Company, including obtaining bank lender and regulatory approval for the payment of the proposed dividends. The ability of the Company to declare and pay dividends in the future are subject to factors which include, but are not limited to, unforeseen changes in the rate of production from TransGlobe s oil and gas properties, changes in price of crude oil and natural gas, adverse technical factors associated with exploration, development, production or transportation of TransGlobe s crude oil and natural gas reserves, changes or disruptions in the political or fiscal regimes in TransGlobe s areas of activity, changes in tax, energy or other laws or regulations, changes in significant capital expenditures, delays or disruptions in production due to shortages of skilled manpower, equipment or materials, economic fluctuations, and other factors beyond the Company s control. With respect to forward-looking statements contained in this press release regarding the Company's ability to pay dividends in the future, assumptions have been made regarding, among other things: the Company s ability to obtain qualified staff and equipment in a timely and cost-efficient manner; the regulatory framework governing royalties, taxes and environmental matters in the jurisdictions in which the Company conducts and will conduct its business; future capital expenditures to be made by the Company; future sources of funding for the Company s capital programs; geological and engineering estimates in respect of the Company s reserves and resources; and the geography of the areas in which the Company is conducting exploration and development activities. TransGlobe does not assume any obligation to update forwardlooking statements if circumstances or management s beliefs, expectations or opinions should change, other than as required by law, and investors should not attribute undue certainty to, or place undue reliance on, any forward-looking statements. Please consult TransGlobe s public filings at and for further, more detailed information concerning these matters, including additional risks related to TransGlobe's business. 2

3 Q FINANCIAL HIGHLIGHTS Funds flow of $32.5MM ($0.43/share) Spent $14.3MM on expl and dev Positive working capital of $258.9MM Earnings of $16.7MM ($0.22/share) $107.6MM in cash and cash equivalents Collected $29.4MM from EGPC 3

4 Apr-08 Sep-08 Feb-09 Jul-09 Dec-09 May-10 Oct-10 Mar-11 Aug-11 Jan-12 Jun-12 Nov-12 Apr-13 Sep-13 Feb-14 Apr-08 Sep-08 Feb-09 Jul-09 Dec-09 May-10 Oct-10 Mar-11 Aug-11 Jan-12 Jun-12 Nov-12 Apr-13 Sep-13 Feb-14 EGPC ACCOUNTS RECEIVABLES Total Collections in 2013 were ~$275 Million (2012, ~$157 Million) Collections in Q1 were $29.4 Million Targeting $250 - $300 Million in 2014 $250,000 AR outstanding vs Months outstanding* 12 $250,000 AR outstanding vs Production per day* 20,000 $200, $200,000 18,000 16,000 $150,000 8 $150,000 14,000 12, ,000 $100,000 4 $100,000 8,000 6,000 $50,000 2 $50,000 4,000 2,000 $0 0 $0 0 4

5 2014 DIVIDEND Dividend program introduced to provide return to shareholders Special dividend of $0.10 per share will be paid on May 28, 2014 to shareholders of record on May 22, 2014 (ex-dividend date May 20, 2014) Initial quarterly dividend of $0.05 per share will be paid on June 30, 2014 to shareholders of record on June 16, 2014 (ex-dividend date June 12, 2014) 5

6 Q1 SALES Sales (Bopd) Q1 April West Gharib 11,100 10,230 West Bakr 5,757 5,240 East Ghazalat Egypt Total 17,291 16,260 Yemen Sales Total 17,932 16,375 Production 18,067 6

7 Oil Sales (bopd) CURRENT DAILY PRODUCTION 25,000 20,000 15,000 PCP Failures 10,000 5,000 Block 32 Block S-1 East Ghazalat West Bakr West Gharib 0 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Q1 18,067 BOPD APRIL 16,375 BOPD Q2 Est MBOPD 7

8 2014 GUIDANCE Production Funds Flow Exploration and Development 17,000 19,000 Bopd Mid-point 18,000 Bopd Egypt West Gharib, West Bakr, East Ghazalat Yemen Block S-1, B-32 $125MM ($1.66/share) Using Mid-point and $100 Brent $11MM (0.15/share) Funds flow sensitivity per $10/Bbl Brent for remaining 3Q s Expenditure guidance of $100MM Egypt $94MM, Yemen $6MM Exploration $32MM, development $68MM 51 wells (46 net), facilities, extensive seismic 80% of 2014 Funds flow guidance 8

9 EGYPT ASSETS East Ghazalat (50%) Acquired ,000 Gross acres Dev & Expl South Alamein (100%) Acquired ,000 Gross acres Expl South Ghazalat (100%) Acquired ,000 Gross acres Expl West Bakr (100%) Acquired ,000 Gross acres Dev CAIRO NWG/SWG/SEG (100%) Acquired ,000 Gross acres Expl West Gharib (100%) Acquired ,000 Gross acres Dev 9

10 WEST GHARIB: 100% WI - OPERATED Acquired field in 2007 Was producing ~3000 Bopd 2014 Plan 9 wells Waterflood optimization Hoshia ASP flood simulation/lab work Facility centralization and upgrades Q1 ~11,100 Bopd Drilled 5 wells 4 oil, 1 D&A YTD drilled 6 wells 5 oil wells, 1 D&A PSC terms Cost oil: 30% Contractor Share of Profit oil: 30% Capital costs recovered over 4 years 10

11 NW GHARIB: 100% WI - OPERATED NWG 7 NWG 8 NWG 2 NWG 3 NWG 1 NWG 6 NWG Plan Drill wells NWG #1 to spud in June Second rig in July PSC terms Cost oil: 25% Contractor Share of Profit oil: 15% Capital costs recovered over 5 years NWG 4 NWG 5 11

12 WEST BAKR: 100% WI - OPERATED H M K Acquired in 2011 Was producing ~4,000 Bopd 2014 Plan 17 wells Water flood optimization Facility upgrades and optimization Q1 ~5,757 Bopd Drilled 3 oil wells YTD drilled 5 wells 2 oil wells K field 2 oil well, 1 injector well H field PSC terms Cost oil: 30% Contractor Share of Profit oil: 15% Capital costs recovered over 5 years 12

13 EASTERN DESERT: 100% WI - OPERATED SW Gharib NW Gharib Planning large seismic program for 2014/15 in Egypt Total program ~ 1,800 km² 3-D & 300 km 2-D Eastern Desert ~ 1,000 km² 3-D & 300 km 2-D Western Desert ~ 800 km² 3-D NW Gharib 2014 Plan: up to 16 wells, 3-D seismic 79 exploration and appraisal locations identified on existing 3-D seismic Concession area of 655 square km SW Gharib 2014 Plan: 3-D seismic Concession area of 195 square km SE Gharib 2014 Plan: 2-D & 3-D seismic Concession area of 508 square km SE Gharib PSC terms Cost oil: 25% Contractor Share of Profit oil: 15% Capital costs recovered over 5 years 13

14 SOUTH ALAMEIN: 100% WI - OPERATED Boraq Discovery Acquired in Plan Contingent on Boraq access Boraq #2 tested at 1,700 Bopd* Expl period Clock stopped 20 + months from access approval Retained 800 square kilometers PSC terms Cost oil: 30% Contractor Share of Profit oil: 14% Capital costs recovered over 5 years *The primary Cretaceous zone tested at a rate of 1,323 bopd of 34 API oil with no water and a 13% drawdown during a 28 hour drill stem test. Test rates are not necessarily indicative of long-term performance but is anticipated that when combined with secondary tested zones within the Cretaceous the well should be capable of initial production of ~1,700 bopd. 14

15 EAST GHAZALAT: 50% WI - NON-OPERATED North Dabaa Dev Lease Safwa Field Acquired in Plan 5 wells N Dabaa Dev Q1 ~434 Bopd 1 oil well, 1 D&A YTD drilled 3 wells EG #3 expl D&A 2 Safwa oil wells PSC terms Cost oil: 25% Contractor Share of Profit oil: 20% Capital costs recovered over 5 years 15

16 SOUTH GHAZALAT: 100% WI - OPERATED North Dabaa Dev Lease 2014/2015 Plan Commence 800 km² 3-D seismic program on SW portion of block PSC terms Cost oil: 25% Contractor Share of Profit oil: 15% Capital costs recovered over 5 years 16

17 Q & A 17

18 Q RESULTS CONFERENCE CALL MAY 7, 2014

Q2 2015 RESULTS CONFERENCE CALL AUGUST 13, 2015

Q2 2015 RESULTS CONFERENCE CALL AUGUST 13, 2015 Q2 2015 RESULTS CONFERENCE CALL AUGUST 13, 2015 CAUTIONARY STATEMENT This presentation may include certain statements that may be deemed to be forward-looking statements within the meaning of the U.S.

More information

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network

More information

Analysis One Code Desc. Transaction Amount. Fiscal Period

Analysis One Code Desc. Transaction Amount. Fiscal Period Analysis One Code Desc Transaction Amount Fiscal Period 57.63 Oct-12 12.13 Oct-12-38.90 Oct-12-773.00 Oct-12-800.00 Oct-12-187.00 Oct-12-82.00 Oct-12-82.00 Oct-12-110.00 Oct-12-1115.25 Oct-12-71.00 Oct-12-41.00

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

Half-yearly Results. 25 July 2014

Half-yearly Results. 25 July 2014 Half-yearly Results 25 July 2014 1 1 Important notice DISCLAIMER FORWARD-LOOKING STATEMENTS This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These

More information

NG REPORT NASDAQ: TGA TSX: TGL HIGHLIGHTS. from 20100. Drilled 14. report was web site at

NG REPORT NASDAQ: TGA TSX: TGL HIGHLIGHTS. from 20100. Drilled 14. report was web site at TRANSGLOBE ENERGY CORPORATION FINANCIAL AND OPERATIN NG REPORT For the three-month period ended March 31, 2011 (All dollar values are expressed in United States dollars unless otherwise stated) HIGHLIGHTS

More information

Independent Resources

Independent Resources OIL & GAS FLASHNOTE Independent Resources (IRG LN) Stock Data Share Price: 0.65p Market Cap (M): 1.3m EV (M): 1.3m Free float 79.8% Liquidity (30 day ave) 7.8m Price Chart 4.00 3.50 3.00 2.50 2.00 1.50

More information

NEXTRACTION ENERGY CORP. (Formerly Kruger Capital Corp.)

NEXTRACTION ENERGY CORP. (Formerly Kruger Capital Corp.) MANAGEMENT S DISCUSSION AND ANALYSIS of NEXTRACTION ENERGY CORP. (Formerly Kruger Capital Corp.) For the year ended December 31, 2008 NEXTRACTION ENERGY CORP. (Formerly Kruger Capital Corp.) Management

More information

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007

More information

Corporate Presentation January 2016

Corporate Presentation January 2016 Corporate Presentation January 2016 CAUTIONARY STATEMENTS Certain information regarding the Company contained in this presentation, including our liquidity position, our business strategies, plans and

More information

3Q15 Conference Call. Oct. 29, 2015

3Q15 Conference Call. Oct. 29, 2015 3Q15 Conference Call Oct. 29, 2015 Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings,

More information

Enhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017

Enhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017 From -JAN- To -JUN- -JAN- VIRP Page Period Period Period -JAN- 8 -JAN- 8 9 -JAN- 8 8 -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -FEB- : days

More information

Corporate Presentation October 2015

Corporate Presentation October 2015 Corporate Presentation October 2015 CAUTIONARY STATEMENTS Certain information regarding the Company contained in this presentation, including our liquidity position, our business strategies, plans and

More information

December 2015. Investor Presentation

December 2015. Investor Presentation December 2015 Investor Presentation COS Overview Pure-play exposure to a scarce, irreplaceable oil sands mining asset in a low-risk, geopolitically stable country High quality leases border every oil sands

More information

Financial Summary 3rd quarter of FY2012. January 29, 2013 Tohoku Electric Power Co., Inc.

Financial Summary 3rd quarter of FY2012. January 29, 2013 Tohoku Electric Power Co., Inc. Financial Summary FY2012 January 29, 2013 Tohoku Electric Power Co., Inc. Contents 1. Summary of the FY2012 Results 2. Electricity Sales 3. Large Industry Sector 4. Electricity Generated and Purchased,

More information

GeoResources, Inc. Reports First Quarter Financial and Operational Results

GeoResources, Inc. Reports First Quarter Financial and Operational Results GeoResources, Inc. Reports First Quarter Financial and Operational Results Reports First Quarter Adjusted Net Income of $11.5 Million or $0.44 Per Share and Adjusted EBITDAX of $30.4 Million Houston, Texas,

More information

CORPORATE PRESENTATION June 2013. A Lundin Group Company

CORPORATE PRESENTATION June 2013. A Lundin Group Company CORPORATE PRESENTATION June 2013 2 Kurdistan Maintaining Forward Momentum» Continued interest in the region. Erbil tagged as the Exploration Capital of the World. Kurdistan» Activity level in country remains

More information

Annual General Meeting May 5, 2016

Annual General Meeting May 5, 2016 Annual General Meeting May 5, 2016 Advisory FORWARD-LOOKING STATEMENTS: This presentation contains certain forward-looking statements and forward-looking information (collectively referred to as "forward-looking

More information

SPARTAN ENERGY CORP. ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS

SPARTAN ENERGY CORP. ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS Suite 500, 850 2 nd Street SW Calgary, AB T2P 0R8 Canada Ph.: (403) 355-8920 Fax: (403) 355-2779 SPARTAN ENERGY CORP. ANNOUNCES THIRD QUARTER FINANCIAL AND OPERATING RESULTS CALGARY, ALBERTA (November

More information

TOUCHSTONE ANNOUNCES 2015 THIRD QUARTER RESULTS AND ELIMINATION OF NET DEBT; UPDATES TRINIDAD ACQUISITION

TOUCHSTONE ANNOUNCES 2015 THIRD QUARTER RESULTS AND ELIMINATION OF NET DEBT; UPDATES TRINIDAD ACQUISITION TOUCHSTONE ANNOUNCES 2015 THIRD QUARTER RESULTS AND ELIMINATION OF NET DEBT; UPDATES TRINIDAD ACQUISITION Calgary, Alberta November 13, 2015 Touchstone Exploration Inc. ( Touchstone or the Company ) (TSX:

More information

RIIO-T1 business plan submission London Tuesday 6 September 2011

RIIO-T1 business plan submission London Tuesday 6 September 2011 RIIO-T1 business plan submission London Tuesday 6 September 2011 Cautionary statement This presentation contains certain statements that are neither reported financial results nor other historical information.

More information

Challenging quarter for Mobile Devices. Daily order rates improving. Free Cash Flow > Net Income. FCT acquisition. Page 3

Challenging quarter for Mobile Devices. Daily order rates improving. Free Cash Flow > Net Income. FCT acquisition. Page 3 August 7, 2013 Page 1 Statements in this release that are not historical are forward-looking and are subject to various risks and uncertainties that could cause actual results to vary materially from those

More information

SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK LINE REDETERMINATION

SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK LINE REDETERMINATION Suite 500, 850 2 nd Street SW Calgary, AB T2P 0R8 Canada Ph.: (403) 355-8920 Fax: (403) 355-2779 SPARTAN ENERGY CORP. ANNOUNCES TWO CONSOLIDATING SOUTHEAST SASKATCHEWAN LIGHT OIL ACQUISITIONS AND BANK

More information

Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results

Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results June 17, 2016 Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results Calgary, Alberta Bengal Energy Ltd. (TSX: BNG) ( Bengal or the Company ) today announces its financial and operating results

More information

2008 Annual General Meeting

2008 Annual General Meeting 2008 Annual General Meeting Presented by Stephen Popadynetz and Roderick Chisholm May 6, 2008 Integrated Solutions for the Oil & Gas Industry Disclaimer This presentation may contain forward-looking statements,

More information

Press Release November 12, 2015

Press Release November 12, 2015 Press Release November 12, 2015 VALEURA ANNOUNCES THIRD QUARTER 2015 FINANCIAL AND OPERATING RESULTS AND COMMENCEMENT OF DRILLING ON THE FIRST BANARLI EXPLORATION WELL Valeura Energy Inc. ("Valeura" or

More information

Canacol Energy Ltd. Reports Record Adjusted Funds from Operations of US $37 Million in Fiscal Q1 2015

Canacol Energy Ltd. Reports Record Adjusted Funds from Operations of US $37 Million in Fiscal Q1 2015 Canacol Energy Ltd. Reports Record Adjusted Funds from Operations of US $37 Million in Fiscal Q1 2015 CALGARY, ALBERTA (November 12, 2014) Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX:CNE;

More information

Gran Tierra Energy Inc. Announces 2015 Year-End Reserves and Combined Pro Forma Reserves and Resources

Gran Tierra Energy Inc. Announces 2015 Year-End Reserves and Combined Pro Forma Reserves and Resources Gran Tierra Energy Inc. Announces 2015 Year-End Reserves and Combined Pro Forma Reserves and Resources CALGARY, Alberta January 21, 2016 Gran Tierra Energy Inc. ( Gran Tierra or the "Company") (NYSE MKT:

More information

summarize of Inter- Period Stock & Stocks - Part II

summarize of Inter- Period Stock & Stocks - Part II This ( MD&A ) update is current as of September 7, 2010. This report should be read in conjunction with Hart Stores Inc. ( the Company ) unaudited interim consolidated financial statements for the six

More information

TECO Energy Edison Electric Institute Financial Conference

TECO Energy Edison Electric Institute Financial Conference TECO Energy Edison Electric Institute Financial Conference Dallas, TX Nov. 13, 2014 Forward Looking Statements The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking

More information

Medium-Term Global Oil Outlook

Medium-Term Global Oil Outlook Medium-Term Global Oil Outlook Fifth IEA OPEC Symposium on Energy Outlooks Session Two: Industry Views Remarks by Marianne Kah Chief Economist Cautionary Statement The following presentation includes forward-looking

More information

Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010

Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010 Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010 Overall trading conditions continue to improve GROUP Operating income 251 million ( 163 million in Q1 20); quarter benefited from four

More information

Successfully Scaling an Agile Innovation Culture with Perforce

Successfully Scaling an Agile Innovation Culture with Perforce Successfully Scaling an Agile Innovation Culture with Perforce Steve Greene VP, Program Management Salesforce.com Mike Saha Sr. Manager, Release Engineering Salesforce.com Safe Harbor Safe harbor statement

More information

Brochure More information from http://www.researchandmarkets.com/reports/705864/

Brochure More information from http://www.researchandmarkets.com/reports/705864/ Brochure More information from http://www.researchandmarkets.com/reports/705864/ Egypt Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and

More information

BONTERRA ENERGY CORP.

BONTERRA ENERGY CORP. BONTERRA ENERGY CORP. JULY 2014 YIELD GROWTH SUSTAINABILITY FORWARD LOOKING INFORMATION Certain statements contained in this Presentation include statements which contain words such as anticipate, could,

More information

Goldman Sachs Conference. 22 May 2014 1

Goldman Sachs Conference. 22 May 2014 1 Goldman Sachs Conference 22 May 2014 1 Delivering growth in shareholder returns BoB Internet and phone in one. Launches Mobile services Launches Fetch TV services First ISP to offer NBN services BoB2 Launches

More information

RMP Energy Provides First Half 2016 Capital Budget and Highlights New Strategic Acreage Positions

RMP Energy Provides First Half 2016 Capital Budget and Highlights New Strategic Acreage Positions NEWS RELEASE December 17, 2015 RMP Energy Provides First Half 2016 Capital Budget and Highlights New Strategic Acreage Positions Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX: RMP) is pleased

More information

CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015

CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015 PRESS RELEASE CRESCENT POINT ENERGY ANNOUNCES $1.45 BILLION CAPITAL EXPENDITURES BUDGET FOR 2015 January 6, 2015 CALGARY, ALBERTA. Crescent Point Energy Corp. ( Crescent Point or the Company ) (TSX and

More information

BLACKPEARL RESOURCES INC. 700, 444 7th Avenue SW, Calgary, AB T2P 0X8 Ph. (403) 215-8313 Fax (403) 265-8324 www.blackpearlresources.

BLACKPEARL RESOURCES INC. 700, 444 7th Avenue SW, Calgary, AB T2P 0X8 Ph. (403) 215-8313 Fax (403) 265-8324 www.blackpearlresources. BLACKPEARL RESOURCES INC. 700, 444 7th Avenue SW, Calgary, AB T2P 0X8 Ph. (403) 215-8313 Fax (403) 265-8324 www.blackpearlresources.ca NEWS RELEASE August 5, 2014 BLACKPEARL ANNOUNCES SECOND QUARTER 2014

More information

Enhanced Oil Resources Inc. Provides 2012 Activity Update

Enhanced Oil Resources Inc. Provides 2012 Activity Update Enhanced Oil Resources Inc. Provides 2012 Activity Update HOUSTON, Feb. 15, 2012 /CNW/ - Enhanced Oil Resources Inc. (TSX-V: EOR) is pleased to provide the following update regarding the Company's proposed

More information

IntercontinentalExchange Fourth Quarter & Year-End 2008. Earnings Presentation February 10, 2009

IntercontinentalExchange Fourth Quarter & Year-End 2008. Earnings Presentation February 10, 2009 IntercontinentalExchange Fourth Quarter & Year-End 20 Earnings Presentation February 10, 2009 Forward-Looking Statements Forward-Looking Statements This presentation may contain forward-looking statements

More information

Q2 2012 Financial Results Conference Call

Q2 2012 Financial Results Conference Call Q2 2012 Financial Results Conference Call Conference Call August 9, 2012 1 Cautionary Statement Forward-Looking Statements This presentation may contain certain information that may constitute forward

More information

Innovative Technology Solutions for Sustainability ABENGOA. Market Update

Innovative Technology Solutions for Sustainability ABENGOA. Market Update Innovative Technology Solutions for Sustainability ABENGOA Market Update November, 2014 Forward-looking Statement This presentation contains forward-looking statements (within the meaning of the U.S. Private

More information

GE Capital. Liquidity and Funding Overview. Global issuer of long and short term debt. 2012 third quarter

GE Capital. Liquidity and Funding Overview. Global issuer of long and short term debt. 2012 third quarter Liquidity and Funding Overview Global issuer of long and short term debt This document contains forward-looking statements - that is, statements related to future, not past, events. In this context, forward-looking

More information

Financial strategy supports business plan

Financial strategy supports business plan Financial strategy supports business plan Ivor Ruste Executive Vice-President & Chief Financial Officer Investor Day Calgary December 7, 2011 Financial strategy supports business plan Support long-term

More information

CHIEF EXECUTIVE S MESSAGE

CHIEF EXECUTIVE S MESSAGE Management s Discussion and Analysis December 31, 2012 CHIEF EXECUTIVE S MESSAGE The 2012 year was very active from a regulatory process and commercial perspective. With the two upward revisions by Gaffney

More information

Q3 2015 Results November 12, 2015 FNV TSX/NYSE

Q3 2015 Results November 12, 2015 FNV TSX/NYSE Q3 2015 Results November 12, 2015 FNV TSX/NYSE Cautionary Statement Forward Looking Statements This presentation contains forward looking information and forward looking statements within the meaning of

More information

Ashley Institute of Training Schedule of VET Tuition Fees 2015

Ashley Institute of Training Schedule of VET Tuition Fees 2015 Ashley Institute of Training Schedule of VET Fees Year of Study Group ID:DECE15G1 Total Course Fees $ 12,000 29-Aug- 17-Oct- 50 14-Sep- 0.167 blended various $2,000 CHC02 Best practice 24-Oct- 12-Dec-

More information

Consumer ID Theft Total Costs

Consumer ID Theft Total Costs Billions Consumer and Business Identity Theft Statistics Business identity (ID) theft is a growing crime and is a growing concern for state filing offices. Similar to consumer ID theft, after initially

More information

CENTURY ENERGY LTD. FORM 51-102F1 MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED AUGUST 31, 2014

CENTURY ENERGY LTD. FORM 51-102F1 MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED AUGUST 31, 2014 CENTURY ENERGY LTD. FORM 51-102F1 MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED AUGUST 31, 2014 The following management s discussion and analysis ( MD&A ), prepared as of December 11, 2014, should

More information

Robeco High Yield Bonds

Robeco High Yield Bonds Important Information 1. Robeco High Yield Bonds (the Fund aims to provide long term capital growth. The Fund invests at least two thirds of its total assets in bonds, asset backed securities and similar

More information

MEMP 2016 Guidance. Supplemental Materials. January 27, 2016 www.memorialpp.com

MEMP 2016 Guidance. Supplemental Materials. January 27, 2016 www.memorialpp.com MEMP 2016 Guidance Supplemental Materials January 27, 2016 www.memorialpp.com Forward-Looking & Other Cautionary Statements This presentation and the oral statements made in connection therewith contain

More information

Delivering for the future

Delivering for the future Dragon Oil Delivering for the future ANNUAL REPORT 2014 Principal Risks The Board and management are committed to an effective and proactive approach to risk management as a tool to enhance shareholder

More information

NIKO REPORTS RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2015

NIKO REPORTS RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2015 NIKO REPORTS RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2015 Niko Resources Ltd. ( Niko or the Company ) is pleased to report its operating and financial results for the quarter ended December 31, 2015.

More information

Financial results for the first quarter 2003

Financial results for the first quarter 2003 Financial results for the first quarter 2003 1 Forward looking statements 2 Certain statements in this report that are neither reported financial results nor other historical information, are forward-looking

More information

OCCIDENTAL PETROLEUM CORPORATION. Third Quarter 2015 Earnings Conference Call October 28, 2015

OCCIDENTAL PETROLEUM CORPORATION. Third Quarter 2015 Earnings Conference Call October 28, 2015 OCCIDENTAL PETROLEUM CORPORATION Third Quarter 2015 Earnings Conference Call October 28, 2015 Cautionary Statements Forward-Looking Statements Portions of this presentation contain forward-looking statements

More information

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16 RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS Earnings Presentation Q2 FY16 Company Overview COMPANY OVERVIEW Rajesh Exports Ltd. (REL) was incorporated in 1989. Currently REL is a leader

More information

Safe Harbor Statement Writing - Cologuard Cancer

Safe Harbor Statement Writing - Cologuard Cancer Third-Quarter 2015 Earnings Call October 29, 2015 Safe Harbor statement Certain statements made in this presentation contain forward-looking statements within the meaning of Section 27A of the Securities

More information

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 2014 Third Quarter Review Financial and Operating Highlights for the Quarter Ended September 30, 2014 Disclaimer This presentation includes forward-looking statements

More information

February 2, 2016. Operational Update:

February 2, 2016. Operational Update: February 2, 2016 Memorial Resource Development Corp. Announces Operational Update, Year-End 2015 Reserves, 2016 Financial and Operational Guidance, Updated Horizontal Drilling Locations and Hedge Restructure

More information

IH 2009 Financial Results

IH 2009 Financial Results IH 2009 Financial Results Milan, 7 th August 2009 www.gasplus.it Market Environment General Brent Price 160 140 120 100 80 60 40 20 0 lug ago set ott nov dic gen feb mar apr mag giu $/bbl - 2007/2008 $/bbl

More information

PETROMINERALES ACHIEVES RECORD THIRD QUARTER AND PRELIMINARY CORCEL-2 TEST RESULTS

PETROMINERALES ACHIEVES RECORD THIRD QUARTER AND PRELIMINARY CORCEL-2 TEST RESULTS NEWS RELEASE PETROMINERALES ACHIEVES RECORD THIRD QUARTER AND PRELIMINARY CORCEL-2 TEST RESULTS Bogotá, Colombia November 6, 2007 Petrominerales Ltd. ( Petrominerales or the Company ), a 76.6% owned subsidiary

More information

Melbourne Mining Club Presentation

Melbourne Mining Club Presentation Karoon Gas Australia Ltd Melbourne Mining Club Presentation September 2014 Queiroz Galvão Olinda Star Semi Submersible Drilling Rig Disclaimers - This presentation has been prepared by Karoon Gas Australia

More information

Presentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015

Presentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015 Presentation on Results for the 2nd Quarter FY 2015 Idemitsu Kosan Co.,Ltd. November 4, 2015 Table of Contents 1. 2 nd Quarter FY 2015 Financials (1) Overview (2) Segment Information (3) Streamlining 2.

More information

RMP Energy Reports Third Quarter Financial Results

RMP Energy Reports Third Quarter Financial Results NEWS RELEASE November 12, 2015 RMP Energy Reports Third Quarter Financial Results Calgary, Alberta RMP Energy Inc. ( RMP or the Company ) (TSX: RMP) is pleased to report for the three months ended September

More information

Enhanced Oil Recovery (EOR) in Tight Oil: Lessons Learned from Pilot Tests in the Bakken

Enhanced Oil Recovery (EOR) in Tight Oil: Lessons Learned from Pilot Tests in the Bakken Enhanced Oil Recovery (EOR) in Tight Oil: Lessons Learned from Pilot Tests in the Bakken Tight Oil Optimization Workshop Calgary, Alberta, Canada March 12, 215 James Sorensen John Hamling 215 University

More information

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 2015 First Quarter Review Financial and Operating Highlights for the Quarter Ended March 31, 2015 Disclaimer This presentation includes forward-looking statements within

More information

Trilogy completed the sale of its Dunvegan oil assets in the Kaybob area for net proceeds of $45 million.

Trilogy completed the sale of its Dunvegan oil assets in the Kaybob area for net proceeds of $45 million. Calgary, Alberta November 5, 2015 News Release: Trilogy Energy Corp. Announces Financial and Operating Results for the Three and Nine Months-Ended September 30, 2015 and Provides Revised Guidance Trilogy

More information

1Q16 Conference Call. April 28, 2016

1Q16 Conference Call. April 28, 2016 1Q16 Conference Call April 28, 2016 Cautionary Statement The following presentation includes forward-looking statements. These statements relate to future events, such as anticipated revenues, earnings,

More information

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR JULY 2015 Area (RS-1) GSR GSR (LCS-1) Texarkana Incorporated July-15 $0.50690/Ccf $0.45450/Ccf $0.00000/Ccf $2.85090/MMBtu $17.52070/MMBtu Texarkana Unincorporated July-15 $0.56370/Ccf $0.26110/Ccf $1.66900/Ccf

More information

Reports Results for First Quarter 2007 and Declares Quarterly Dividend

Reports Results for First Quarter 2007 and Declares Quarterly Dividend Ship Finance International Limited (NYSE: SFL) Reports Results for First Quarter and Declares Quarterly Dividend Ship Finance International Limited ( Ship Finance or the Company ) announces today the financial

More information

Prospect Capital Corporation (NASDAQ: PSEC)

Prospect Capital Corporation (NASDAQ: PSEC) Analyst Rating About Prospect Capital Corporation Prospect Capital Corporation (Prospect Capital) is a financial services company that lends to and invests in middle market privately-held companies. The

More information

OANDO ENERGY RESOURCES ANNOUNCES FIRST QUARTER 2015 RESULTS

OANDO ENERGY RESOURCES ANNOUNCES FIRST QUARTER 2015 RESULTS OANDO ENERGY RESOURCES ANNOUNCES FIRST QUARTER 2015 RESULTS CALGARY, ALBERTA, May 1, 2015 Oando Energy Resources Inc. ( OER or the Company ) (TSX: OER), a company focused on oil and gas exploration and

More information

RAGING RIVER EXPLORATION INC. ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE

RAGING RIVER EXPLORATION INC. ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE February 3, 2016 RAGING RIVER EXPLORATION INC. ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE CALGARY, ALBERTA (February 3, 2016) Raging River Exploration Inc. ("Raging River" or the "Company")

More information

Disclosure of 1Q13 Results

Disclosure of 1Q13 Results Disclosure of 1Q13 Results José Rubens de la Rosa CEO Presentation: Carlos Zignani Investor Relations Director José Antonio Valiati Controller and Chief Financial Director Thiago A. Deiro Investor Relations

More information

BAYOU BEND PETROLEUM LTD.

BAYOU BEND PETROLEUM LTD. BAYOU BEND PETROLEUM LTD. MANAGEMENT DISCUSSION AND ANALYSIS (Amounts in United States Dollars unless otherwise indicated) Years Ended December 31, 2008 and 2007 Management s discussion and analysis (

More information

Gilby Prospect (Twp 35-42, Rge 25w4-7w5)

Gilby Prospect (Twp 35-42, Rge 25w4-7w5) Gilby Prospect (Twp 35-42, Rge 25w4-7w5) (Figure 1- Taylor Hill Exploration Ltd. Gilby Land (Yellow)) Taylor Hill Exploration Ltd. ( Taylor Hill ) currently has a 100 % W.I. in over forty nine and one

More information

Growing E&P company with solid funding in place and focused strategy on production growth

Growing E&P company with solid funding in place and focused strategy on production growth Growing E&P company with solid funding in place and focused strategy on production growth AIM: RRL, ASX: RRS 1 Disclaimer This presentation may contain certain forward looking statements with respect to

More information

Postmedia Network Canada Corp. Q2 F2012 Investor and Analyst Conference Call. April 12, 2012

Postmedia Network Canada Corp. Q2 F2012 Investor and Analyst Conference Call. April 12, 2012 Postmedia Network Canada Corp. Q2 F2012 Investor and Analyst Conference Call April 12, 2012 2 Forward-Looking Statements This presentation may include certain information that is forward-looking information

More information

Department of Public Welfare (DPW)

Department of Public Welfare (DPW) Department of Public Welfare (DPW) Office of Income Maintenance Electronic Benefits Transfer Card Risk Management Report Out-of-State Residency Review FISCAL YEAR 2012-2013 June 2013 (March, April and

More information

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司. 2014 Annual Results

CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司. 2014 Annual Results CNOOC LIMITED 中 国 海 洋 石 油 有 限 公 司 2014 Annual Results March 27, 2015 Disclaimer This presentation includes forward-looking statements within the meaning of the United States Private Securities Litigation

More information

News Release. fourth quarter of

News Release. fourth quarter of News Release May 7, 2014 For Immediate Release Xtreme Drilling and Coil Services Announces Record First Quarter Results Calgary, Alberta (TSX XDC) Xtreme Drilling and Coil Services ( Xtreme or the Company

More information

2011 Interim Results Presentation. Athens, 31 August 2011

2011 Interim Results Presentation. Athens, 31 August 2011 2011 Interim Results Presentation Athens, 31 August 2011 AGENDA Results Highlights Business Units Performance Financial Results Q&A 1 RESULTS HIGHLIGHTS INDUSTRY ENVIRONMENT: Conditions remain difficult

More information

SILVERCORP REPORTS RESULTS FROM ITS 2012 EXPLORATION PROGRAM AT THE SGX MINE, YING MINING DISTRICT, CHINA

SILVERCORP REPORTS RESULTS FROM ITS 2012 EXPLORATION PROGRAM AT THE SGX MINE, YING MINING DISTRICT, CHINA NEWS RELEASE Trading Symbol: TSX: SVM NYSE: SVM SILVERCORP REPORTS RESULTS FROM ITS 2012 EXPLORATION PROGRAM AT THE SGX MINE, YING MINING DISTRICT, CHINA VANCOUVER, British Columbia June 4, 2013 Silvercorp

More information

Memorial Production Partners LP Announces Second Quarter 2015 Results, Cash Distribution Update, Updated Hedges and Updated 2015 Guidance

Memorial Production Partners LP Announces Second Quarter 2015 Results, Cash Distribution Update, Updated Hedges and Updated 2015 Guidance August 5, 2015 Memorial Production Partners LP Announces Second Quarter 2015 Results, Cash Distribution Update, Updated Hedges and Updated 2015 Guidance HOUSTON, Aug. 5, 2015 (GLOBE NEWSWIRE) -- Memorial

More information

CONTRACT MANAGEMENT IN SHELL

CONTRACT MANAGEMENT IN SHELL CONTRACT MANAGEMENT IN SHELL NEVI Management Dag 14 Amersfoort Coen Wilms Group ing Discipline Manager DEFINITIONS AND CAUTIONARY NOTE The companies in which Royal Dutch Shell plc directly and indirectly

More information

SECOND QUARTER 2015 CONFERENCE CALL & WEBCAST

SECOND QUARTER 2015 CONFERENCE CALL & WEBCAST SECOND QUARTER 2015 CONFERENCE CALL & WEBCAST JULY 30, 2015 TSX: FM; LSE: FQM CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENT Certain statements and information herein, including all statements that

More information

M Pharmaceutical Inc. MANAGEMENT DISCUSSION AND ANALYSIS. Period Ended March 31, 2015

M Pharmaceutical Inc. MANAGEMENT DISCUSSION AND ANALYSIS. Period Ended March 31, 2015 M Pharmaceutical Inc. MANAGEMENT DISCUSSION AND ANALYSIS Period Ended March 31, 2015 This Management Discussion and Analysis ("MD&A") of M Pharmaceutical Inc. (formerly First Sahara Energy Inc.) (the "Company")

More information

Consumer prices and the money supply

Consumer prices and the money supply Consumer prices and the money supply Annual rise. Per cent. -year moving average Money supply Consumer prices - - 9 9 9 96 98 Sources: Statistics Norway and Norges Bank JB Terra Kapitalmarkedsdager, Gardermoen.

More information

Canadian Oil Sands Valuable. For the Long Term. Investor Presentation January 2016

Canadian Oil Sands Valuable. For the Long Term. Investor Presentation January 2016 Canadian Oil Sands Valuable. For the Long Term. Investor Presentation January 2016 Reasons to Reject Suncor s Hostile Bid Significantly Undervalued: - Fails to recognize a new era of lower cost production

More information

2015 Settlement Calendar for ASX Cash Market Products ¹ Published by ASX Settlement Pty Limited A.B.N 49 008 504 532

2015 Settlement Calendar for ASX Cash Market Products ¹ Published by ASX Settlement Pty Limited A.B.N 49 008 504 532 2015 Calendar for ASX Cash Market Products ¹ Published by ASX Pty Limited A.B.N 49 008 504 532 Calendar for ASX Cash Market Products¹ ASX Pty Limited (ASX ) operates a trade date plus three Business (T+3)

More information

Q2-14 Financial Results. July 30, 2014

Q2-14 Financial Results. July 30, 2014 Q2-14 Financial Results July 30, 2014 Forward-looking Statements & Non-GAAP Measures Information contained in these materials or presented orally on the earnings conference call, either in prepared remarks

More information

Third Quarter 2014 Earnings Conference Call. 13 August 2014

Third Quarter 2014 Earnings Conference Call. 13 August 2014 Third Quarter 2014 Earnings Conference Call 13 August 2014 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the

More information

Presentation on Results for the 1st Quarter FY 2014. Idemitsu Kosan Co.,Ltd. August 5, 2014

Presentation on Results for the 1st Quarter FY 2014. Idemitsu Kosan Co.,Ltd. August 5, 2014 Presentation on Results for the 1st Quarter FY 2014 Idemitsu Kosan Co.,Ltd. August 5, 2014 Table of Contents 1. FY 2014 1 st Quarter Financials (1) Overview (2) Segment Information (3) Streamlining (4)

More information

ASX Announcement GOOD OIL CONFERENCE PRESENTATION OUR FOCUS. The Company Announcement Officer ASX Ltd via electronic lodgement COOPER BASIN

ASX Announcement GOOD OIL CONFERENCE PRESENTATION OUR FOCUS. The Company Announcement Officer ASX Ltd via electronic lodgement COOPER BASIN ASX Announcement Strike Energy Limited ABN 59 078 012 745 5 September 2012 The Company Announcement Officer ASX Ltd via electronic lodgement GOOD OIL CONFERENCE PRESENTATION OUR FOCUS COOPER BASIN Over

More information

Detailed guidance for employers

Detailed guidance for employers April 2015 3 Detailed guidance for employers Appendix A: Pay reference periods This document accompanies: Detailed guidance no. 3 Assessing the workforce Pay reference period calendars where the definition

More information

NIKO REPORTS RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2015

NIKO REPORTS RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2015 NIKO REPORTS RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2015 Niko Resources Ltd. ( Niko or the Company ) is pleased to report its operating and financial results for the quarter ended September 30, 2015.

More information

IPAA New York Oil & Gas Investment Symposium. April 7, 2008

IPAA New York Oil & Gas Investment Symposium. April 7, 2008 IPAA New York Oil & Gas Investment Symposium April 7, 2008 Forward-Looking Statement Certain statements in this presentation are forward-looking and are based upon the Company s current belief as to the

More information

PETROMINERALES ANNOUNCES ANOTHER RECORD QUARTER, PRODUCTION INCREASES AND NEW CORCEL DISCOVERY

PETROMINERALES ANNOUNCES ANOTHER RECORD QUARTER, PRODUCTION INCREASES AND NEW CORCEL DISCOVERY NEWS RELEASE PETROMINERALES ANNOUNCES ANOTHER RECORD QUARTER, PRODUCTION INCREASES AND NEW CORCEL DISCOVERY Bogotá, Colombia November 6, 2008 Petrominerales Ltd. ( Petrominerales or the Company ) (TSX:

More information