Enauta Participações S A : 2Q23 Webcast Presentation
August 04, 2023 at 09:06 am EDT
Share
August 4, 2023
2Q23 Earnings Presentation
Disclaimer
This document contains certain statements and information relating to Enauta that reflect current vision and/or expectation of the Company and its management concerning its business performance and in future events. Certain statements and information are based on estimates, projections, they indicate or imply results, performance or future achievements, and may contain words, such as "believe", "estimate", "expect", "envisage", "probably will result" or other similar words or expressions. These statements are subject to various risks, uncertainties and assumptions.
We warn that several relevant factors may cause actual results to significantly differ from plans, objectives, expectations, estimates and intentions expressed herein, so that we cannot guarantee that projections or conclusions mentioned herein will occur and/or be materialized. Under no circumstances shall the Company or its board members, officers, representatives or employees be liable towards any third party (including investors) for decision or acts of investment or business made based on information and statements contained herein, nor for indirect damages, loss of profit or similar event.
The Company does not intend to provide shareholders with a review of statements or analysis of differences between statements and actual results, as well as does not undertake to update or review this presentation upon new information and/or future events.
This presentation does not contain all the information required for a complete evaluation of investments in the Company. Each investor should make their own evaluation, including related risks, in their investment- related decision.
.
2Q23 Highlights
Test new accumulation Atlanta NE, with resources-in-place exceeding 230 million barrels of oil
Acquisition of FPSO Atlanta by Yinson, initiating the charter agreement
Changes in Management: five independent members on the Board of Directors and new CFO and IRO
Revenue of R$420 million, with a gross margin of 42.6%
EBITDAX of R$319 million, with an EBITDAX margin of 75.9%
Total cash position of R$ 1,703 million and net cash of R$ 359 million
Total investment of $144 million in Atlanta, progressing on schedule
3
Atlanta: 1 year for 1st oil
Important de-risking milestones
Well #5
Ratify potential productivity > 15,000 bbl/d
Purchase of
FPSO Atlanta
by Yinson
Production
Atlanta NE
Production
resume
well #4
pilot well
resume
well #5
4Q23
3Q23
FPSO Atlanta
Petrojarl I
Installation and wells
Decommissioning
connection
Capacity
Installation of the
50 thousand
bbl/d
new subsea
4Q24
pumping (M.P.P.)
3Q24
2Q24
1Q24
1st Oil FPSO
Atlanta
2023 Reserves
Certification
1Q23
2Q23
Schedule maintenance FPSO Petrojarl I
Conclusion of Wells
#6 e #7
Atlanta's Anchoring start
New oil trading model for FPSO Atlanta
4
Atlanta: subsea deliveries
Christmas trees, production lines and umbilicals
Attachments
Original Link
Original Document
Permalink
Disclaimer
Enauta Participações SA published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 13:05:06 UTC.
Enauta Participacoes SA, formerly known as QGEP Participacoes SA and Latina Participacoes SA, is a Brazil-based company principally engaged in the oil and gas industry. The Company operates through single segment: Oil and gas exploration and production, which focuses on the exploration, production, industrial processing and marketing of crude oil, natural gas and its derivatives. The Company holds interests in exploration and production concessions located in the offshore Brazilian continental margin. Its asset localizations include various basins, such as Santos, Espirito Santo, Camamu-Almada, Camamu-Almada, Pernambuco-Paraiba, Ceara and Foz do Amazonas. The Company is a subsidiary of Queiroz Galvao SA.