Top Banner
ATrulyIndigenous NigerianOil&GasPlayer ListedontheToronto StockExchange Oando Energy Resources (OER) is one of Africa's leading exploration and production Companies, listed on the Toronto Stock Exchange. The Company has successfully built a vast portfolio of oil and gas assets in selected African basins and acts as both operator and partner to Nigerian and Multinational companies. OER holds interests in 16 licenses for the exploration, development and production of oil and gas assets located onshore, swamp, and offshore. OML 60 OML 61 OML 62 OML 63 OML 125 OML 56 OML 13* 20% 20% 20% 20% 15% 42.75% 40% AGIP AGIP AGIP AGIP ENI Energia Network E&P Asset W.I. Operator OML 90* OML 134 OML 122* 40% 15% 5% Oil, 12% Gas Sogenal ENI Peak Asset W.I. Operator EEZ 5 EEZ 12 OML 321& 323 OML 131 OML 145 100% N/A 30% 100% 20% OER TBD KNOC OER ExxonMobil Asset W.I. Operator Fact Sheet ASSET OVERVIEW OPERATIONAL OVERVIEW 5 3,256 boepd AverageNetProduction 230.6 MMboe 2PReserves 547.3 2CResources MMboe 7 Producing Assets OML 125 NIGERIA OPL 321 & 323 OML 134 OML 122 - Bilabri Field OML 90 - Akepo Field OML 56 - Ebendo Field CAMEROON EQUATORIAL GUINEA EEZ Block 5 SAO TOME & PRINCIPE Production Phase Development Phase Exploration Phase SAO TOME & PRINCIPE - NIGERIA JOINT DEVELOPMENT ZONE GABON EEZ Block 12 OML 145 OML 131 OML 62 OML 60 OML 61 OML 63 OML 13 - Qua Ibo Field ASSET PORTFOLIO *OER is Technical Partner TSX: OER Stock Price (as at 09 Mar, 2015) Shares Outstanding Market Capitalization 52 Week Range C$1.06 795,419,213 C$843 Million C$0.75 - C$2.29
2

OER Factsheet 2014 5th Dec - Oando PLC · Average daily production rates above are reported as at Feb 28, 2015 for OML 60-63 and as at Mar 08, 2015 for OML 125, OML 56, and OML 13

Aug 09, 2020

Download

Documents

dariahiddleston
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
  • A�Truly�Indigenous�Nigerian�Oil�&�Gas�Player�

    Listed�on�the�Toronto�Stock�Exchange

    Oando Energy Resources (OER) is one of Africa's leading exploration and production Companies, listed on the Toronto Stock Exchange. The Company has successfully built a vast portfolio of oil and gas assets in selected African basins and acts as both operator and partner to Nigerian and Multinational companies. OER holds interests in 16 licenses for the exploration, development and production of oil and gas assets located onshore, swamp, and offshore.

    OML 60

    OML 61

    OML 62

    OML 63

    OML 125

    OML 56

    OML 13*

    20%

    20%

    20%

    20%

    15%

    42.75%

    40%

    AGIP

    AGIP

    AGIP

    AGIP

    ENI

    Energia

    Network E&P

    Asset W.I. Operator

    OML 90*

    OML 134

    OML 122*

    40%

    15%

    5% Oil, 12% Gas

    Sogenal

    ENI

    Peak

    Asset W.I. Operator

    EEZ 5

    EEZ 12

    OML 321& 323

    OML 131

    OML 145

    100%

    N/A

    30%

    100%

    20%

    OER

    TBD

    KNOC

    OER

    ExxonMobil

    Asset W.I. Operator

    Fact Sheet

    ASSET OVERVIEW

    OPERATIONAL OVERVIEW 53,256 boepd

    Average�Net�Production230.6 MMboe2P�Reserves

    547.32C�Resources

    MMboe7 ProducingAssets

    OML 125

    NIGERIA

    OPL 321 & 323

    OML 134

    OML 122 - Bilabri Field

    OML 90 - Akepo Field

    OML 56 - Ebendo Field

    CAMEROON

    EQUATORIALGUINEA

    EEZ Block 5

    SAO TOME& PRINCIPE

    Production Phase

    Development Phase

    Exploration Phase

    SAO TOME & PRINCIPE - NIGERIAJOINT DEVELOPMENT ZONE

    GABON

    EEZ Block 12

    OML 145

    OML 131

    OM

    L 62

    OML 60

    OML 61

    OML 63

    OML 13 - Qua Ibo Field

    ASSET PORTFOLIO

    *OER is Technical Partner

    TSX: OER

    Stock Price (as at 09 Mar, 2015)

    Shares Outstanding

    Market Capitalization

    52 Week Range

    C$1.06

    795,419,213

    C$843 Million

    C$0.75 - C$2.29

  • Average daily production rates above are reported as at Feb 28, 2015 for OML 60-63 and as at Mar 08, 2015 for OML 125, OML 56, and OML 13All Reserves & Resources estimates are classified in line with NI 51-101 regulations and Canadian Oil & Gas Evaluation Handbook Standards. All estimates are from Independent Reserves Evaluator Report dated 31st December 2013.

    Cautionary StatementThis factsheet does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Oando Energy Resources (the “Company”) shares or other securities.This factsheet includes certain forward looking statements with respect to certain development projects, potential collaborative partnerships, results of operations and certain plans and objectives of the Company including, in particular and without limitation, the statements regarding potential sales revenues from projects, both current and under development, possible launch dates for new projects, and any revenue and profit guidance. By their very nature forward looking statements involve risk and uncertainty that could cause actual results and developments to differ materially from those expressed or implied.

    PEER VALUATION

    Enterprise Value / Daily Production (US$/boepd)

    OER

    29.96

    Afren Seplat Eland Heritage Mart Tullow

    37.59

    44.6531.08

    132.26

    44.73

    86.07

    180

    160

    140

    120

    100

    80

    60

    40

    20

    0

    Enterprise Value / 2P (US$/boe)Market Capitalization / 2P (US$/boe)

    OER

    3.17

    Afren Seplat Eland Heritage Mart Tullow

    0.54

    5.01 3.593.69

    9.66

    13.31

    45

    40

    35

    30

    25

    20

    15

    10

    5

    0

    Enterprise Value / 2P+2C (US$/boe)

    OER

    1.73

    Afren Seplat Eland Heritage Mart Tullow

    3.33 2.07 1.864.08

    9.94

    4.81

    45

    40

    35

    30

    25

    20

    15

    10

    5

    0

    OER

    5.84

    Afren Seplat Eland Heritage Mart Tullow

    7.804.63

    3.014.49

    9.94

    18.19

    45

    40

    35

    30

    25

    20

    15

    10

    5

    0

    KEY METRICS & COMPARABLES

    Avg. Daily Prod. (bopd; net)

    2P Reserves (mmboe)

    2P+2C Reserves (mmboe)

    Base Currency Share Price

    US$ Share Price

    No. of Shares Outstanding

    Market Cap. (US$’mm)

    Net Debt (US$’mm)

    Enterprise Value (US$’mm)

    EV/2P (US$/boe)

    EV/2P+2C(US$/boe)

    EV/Avg. Daily Prod.

    (US$’00/bopd)

    COMPANY Afren Seplat Heritage OilEland O&G Mart Tullow Average OEROER Estimates:

    Production & Reserves estimates based on CPR estimates for NAOC JV and OER existing assets

    OER 2C Resources include Petrenel- evaluated values for offshore assets - OML 131 (210MMboe), and OML 145 (82MMboe)

    Market Capitalization as at 09 Mar. 2015

    Market Capitalization for Heritage Oil reflecting takeover price and shares outstanding

    Ebendo

    OM

    L 62

    OML 60

    OM

    L 61

    Eleme

    Bonny

    Brass River

    Qua Ibo

    Obama

    Oshi

    Irri-isoko

    Ob-Ob

    Umusadege

    Kwale-Okpai IPP

    Forcados

    CloughCreek

    Tebidaba

    Ebocha

    Idu

    Akri

    Oil & Gas Plant

    FPSO

    Petrochemical Plant

    Power Plant

    OM

    L 63

    Kwale

    Oil & NGL Terminal

    OML 125

    Wellhead Platform

    Flowstation

    Oil Pipeline

    Gas Pipeline

    Beniboye

    Key

    Ogbainbiri

    Qua Ibo

    Akepo

    *Assets highlighted in red do not belong to OER

    40 322 146Fields Wells�Drilled Wells�in�production 11 Gas�Injectors12 1100 2100Flow�Stations Oil�Trunk�Lineskm Flow�Lineskm 17

    1360Gas�TrunkLines

    Oil�TerminalCommunities49 Oil�TrunkLines

    INVESTOR CONTACTPade Durotoye CEO, OER

    Tokunboh Akindele Head, Corporate Development & Investor Relations

    +234 (1) 2702496 takindele@oandoenergyresources.com

    +234 (1) 2601290pdurotoye@oandoenergyresources.com

    www.oandoenergyresources.com

    INFRASTRUCTURE

    FINANCIAL PERFORMANCE

    Revenue

    Revenue Growth

    EBITDA

    EBITDA Margin

    Net Income

    247,380

    140%

    41,236

    17%

    (88,008)

    YTD Sept 2014 YTD Sept 2013

    103,235

    (4%)

    64,276

    62%

    2,776

    $’000

    Fixed Assets

    Cash & Bank

    Current Borrowings

    Non-Current Borrowings

    Total Equity

    1,005,264

    13,234

    196,837

    623,930

    1,237,260

    YTD Sept 2014 FYE 2013

    249,388

    12,677

    496,099

    124,776

    311,330

    $’000

    33,100

    159

    373

    0.05

    0.08

    1,107

    86

    1,154

    1,240

    7.80

    3.33

    37.59

    33,419

    222

    497

    1.29

    2.01

    553

    1,113

    (86)

    1,027

    4.63

    2.07

    44.65

    3,500

    31

    50

    0.46

    0.72

    155

    111

    (18)

    93

    3.01

    1.86

    31.08

    14,000

    412

    454

    3.20

    5.47

    278

    1,521

    331

    1,852

    4.49

    4.08

    132.26

    4,764

    18

    18

    0.56

    0.49

    357

    174

    5

    179

    9.94

    9.94

    44.73

    77,100

    369

    1396

    3.46

    5.40

    910

    4,912

    1,802

    6,714

    18.19

    4.81

    86.07

    27,647

    202

    465

    1.50

    2.36

    560

    1,319

    531

    1,851

    8.01

    4.35

    62.73

    53,256

    231

    778

    1.06

    0.92

    795

    733

    615

    1,348

    5.84

    1.73

    29.96

    1: page12: page2