SLIDE 1
July 2019
01 October 2018
Highlights
DELIVER EXPLOIT GROW
July 2019
2019 1H highlights
P1
- Record first half production of 84.1 kboepd generating $180m of free cash flow
- Very high Group operating efficiency; Catcher at 99%
- Full year operating costs revised down from $13/boe to $12/boe
- Field life extensions (on-going well interventions, infill drilling, near field additions etc)
- BIG-P first gas by year-end; positive development drilling results
- Tolmount on track for first gas end 2020; >50% IRR at current gas prices
- Tolmount East to spud shortly, targeting an additional 220 BCF (gross)
- Significant resource upgrade at Zama to 680-810-970 mmboe
- Increased Andaman Sea acreage position; significant area potential
Free cash flow generation of $180m during period; continue to forecast full year net debt reduction of over $300m