Insurance Underwriters Roadshow 2012 January - Petrotrin
Insurance Underwriters Roadshow 2012 January - Petrotrin
Insurance Underwriters Roadshow 2012 January - Petrotrin
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<strong>2012</strong> Forecast of Operations<br />
� <strong>2012</strong> Budget of US$90/bbl for WTI and US$9.75/bbl indicative margin<br />
� <strong>2012</strong> Net Income projected of US$153 million<br />
� EBITDA of US$699 million with ROCE of 10.9%<br />
� Borrowings of US$1.6 billion (2007-2009) for Clean Fuel Projects<br />
� Capital budget of US$714 million of which<br />
• E&P - US$360 million of which Trinmar US$250 million<br />
� Opex budget - Turnaround US$103 million<br />
- Maintenance (Trinmar) – US$5million<br />
� 24 Joint Ventures with carried interest ranging between 5% - 50% to<br />
increase local oil and gas production<br />
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