Jupiter Energy Limited · ASX:JPR
Jupiter Energy — Non-Deal Roadshow (November 2009)
32 slides from Jupiter Energy's roadshow presentation, Nov 23, 2009
Slide 1: Block 31 potential reserves upgraded by 50% from 28 to 42 mmbbls
For personal use only 23 November 2009 Block 31 potential reserves upgraded by 50% from 28 mmbbls to ~ 42 mmbbls. Highlights: Access to more detailed well information has enabled JPR to increase potential reserves on Block 31 from 28 mmbbls to 42 mmbbls. Corporate Update presentations to brokers
Slide 2: SV Akkar well and broker roadshow
In addition, Keith estimates that the Jurassic XIII structure contains potential recoverable reserves of 20 mmbbls, up from his original estimate of 11 mmbbls: an increase of 9 mmbbls. The total increase in both these zones is 14 mmbbls, thereby increasing the overall prospectivity of Block 31 from
Slide 3: Competent person statement
The information in this document that relates to oil exploration results and reserves is based on information compiled by Mr. Keith Martens who is a Director of Martens Petroleum Consulting Pty Ltd. Mr. Keith Martens has sufficient experience which is relevant to oil exploration and to the specific
Slide 4: JPR: November 2009 Roadshow
For personal use only JPR Corporate Presentation: November 2009 Roadshow 23-27 November 2009 | www.jupiterenergy.com.au
Slide 5: Forward looking statements
For personal use only This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the exceptions reflected in these statements are reasonable, but they may be effected by a variety of variables which could cause
Slide 6: Jupiter Energy Limited Kazakhstan
JUPITER ENERGY LIMITED Kazakhstan
Slide 7: Corporate Overview
Corporate Overview For personal use only • Jupiter Energy Limited is a listed company trading on the Australian Stock Exchange (ASX) under the ticker “JPR”. • JPR began g reviewing g oilfield development opportunities in Kazakhstan in early y 2007. • JPR has since then reviewed a range of acquisitio
Slide 8: Local Kazakh Representation
For personal use only L Local lKKazakh kh R Representation t ti Executive Director E ki S Erkin Svanbayev b Based in Almaty, Kazakhstan Experienced oil trader Responsible for managing all interaction with Kazakh Government and Industry officials
Slide 9: JPR Executives: Technical Leadership (David Thorpe)
For personal use only JPR Executives E ti Technical Leadership D id Th David Thorpe M. Eng. Sc. and PhD Operations O ti Manager M Extensive Operations background Drilling D illi Engineer E i att BHP P Petroleum, t l W Woodside d id and d Sh Shellll T Todd dd Oil Services (STOS). Responsibl
Slide 10: JPR Executives: Technical Leadership (Keith Martens)
For personal use only JPR Executives E ti Technical Leadership K ith M Keith Martens t B.Sc. in Geophysics / Geology 30 years experience in onshore oilfield discovery and remediation Exploration manager at SANTOS, Tap Oil and Bow Energy. Has reviewed 100+ opportunities in Kazakhstan Respon
Slide 11: JPR Australian Board Members
For personal use only JPR A Australian t li B Board dMMembers b E Executive i ChChairman i Geoff Gander Manages interaction with finance community Responsible for day to day business operations Non Executive Director Andrew Childs Geologist by background Involved in a number of listed oil co
Slide 12: Block 31 wells map
I SN I I IS SOI Fg HE EO EE OS SoG SS OS JUP TER ENERGY LIMITED Block 31 welres Caspian Sea estan net ee nase ane esen ene see nase ee eases nesne sateen en -+f--+-- =, Gen — = — = ~ = a eee Main oil fields Oil Pipelines Gas Pipelines Railroad oeeeeeceeeeceeed ee TT hae 0 i | 4km A | | | |
Slide 13: Block 31 Overview
Block 31 Overview For personal use only Initial p permit acquired q by y JPR in June 2008. Size was approximately 100 square kms and located in the Zhetybai-Uzen step of the Mangistau Basin, close to infrastructure and the port city of Aktau. Aktau Permit has a 10 year exploration licence (6 y
Slide 14: Re-entry of the NWZ well
For personal use only R entry Re t off the th NWZ 2 wellll Block 31 had a 1969 well (NWZ #2) that showed an oil discovery. The NWZ 2 well had shows throughout the Jurassic/Triassic and flowed oil from a 30m sand just about the Jurassic/Triassic UC (Jurassic XIII). Well has been successfully rere
Slide 15: Ju-XIII Depth Structure
Total prospect of 1129h With a potential of 20 mmbls Ju-Xlll Depth Structure JUPITER ENERGY LIMITED NW/Z#2 — 30m of oil on rock Retested in 2009 ~400 bopd on pump NWZ Oil Field — Ju-XIll oil saturation in 4 wells
Slide 16: Akkar North and NWZ field map
JUPITER ENERGY MITES Akkar North 23 mmbbls reserves from 3 Triassic zones No reported oil in Jurassic North West Zhetybay Undeveloped Field Oil Flow from 2 Jurassic and 2 Triassic zones Triassic Oil Field (Jupiter Owned) i ie rr i, iter Owned) : el "3 Trias8ie Oil Field (Jupi f go. S Jurassic Field
Slide 17: Next drilling program – SV Akkar well
Next drilling program – SV Akkar well For personal use only Block 31 had 2 parts with the 3D seismic recently shot providing 95 square kms of full fold coverage over the western part (Part 1). No 3D was shot over the eastern part (Part 2) This 2). Thi area will ill b be rrelinquished. li i h d T
Slide 18: Akkar N - Official Field Mapping
Akkar N - Official Field Mapping For personal use only T3 T2A Pool AK 6 Bl k 31 Block T2B Pool AK 2 T2B Pool AK 1, 1 33, 11 11, 13 Booked Reserves of 23 mmbbls 6 producers with an aggregate off ~1800 1800 bopd The bulk of reserves and production are in the eastern pool (3 producers)
Slide 19: Akkar N - Official Cross Sections
Akkar N - Official Cross Sections For personal use only T2B Pool South to North T2B Pool AK 1, 3, 11, 13 T2B zone flowed at 500 500-600 600 bopd on test T2B Pool T3 T2A Pool AK 2 AK 6
Slide 20: Akkar N – Net Pay on Main Sand
Akkar N – Net Pay on Main Sand For personal use only Block 31 Drill Site Block 31 Official Numbers inside Block 31 19.98 mmbbls OIP 5.995 mmbbls p potential resource
Slide 21: Independent Mapping on Jupiter 2009 3D Seismic confirms potential
Independent Mapping on Jupiter 2009 3D Seismic confirms For personal use only p potential Akkar North Ext. Formation : Triassic Area (hectares) : 936 Porosity : 9.5% Net Pay (m) : 30 Sw % : 42% Recovery % “ 30% Geometric Correction : 80% Oil-in-place : 66.9 Recoverable Oil Potential : 20.1 mmbls
Slide 22: Details of Contractors involved in the drilling of the SV Akkar well
Details of Contractors involved in the drilling of the SV Akkar well For personal use only Turnkey Drilling Operator: Astra Star Drilling Able to start in mid December Rig Ri appropriate i t to t drill d ill a 3200m 3200 wellll Rig is winterised Contractors proposed by Astra Star for drill
Slide 23: Local Operations
For personal use only L Local lOOperations ti JPR has a local office in Almaty which administers the local operation and interfaces into government authorities for approvals and general reporting reporting. JPR has now opened an office in Aktau and already has a staff of 6. Aktau is ~ 75kms from s
Slide 24: Transport infrastructure close to Block permit
For personal use only Transport Infrastructure is close to Block 31 permit Pipeline Pi li - Eastern Europe - Baltic - Black Sea - Proposed Eastern Link to China Caspian Trade - tanker - Baku - Iran (oil swap) Rail - Aktau - Caspian trade Road - Aktau - Caspian trade
Slide 25: Kazakh Fiscal Regime
For personal use only K Kazakh kh Fi Fiscall R Regime i Corporate income tax has been reduced to 20% in 2009 and will continue to drop to 17 5% in 2010 and then to 15% in 2011 17.5% 2011. Rent tax on Oil Exports rates set at 0 – 32%, with higher rates applied to larger amounts of exports .(JPR h
Slide 26: Financial Snapshot
Financial Snapshot For personal use only Revenue and EBIT Allocations based on $US 70/barrel
Slide 27: Summary of the Next Milestone Opportunity
For personal use only S Summary off the th Next N t Milestone Mil t O Opportunity t it 3D seismic on Block 31 is complete and specific targets have been identified. 1stt phase of the re entry of the old NWZ 2 well has been successfully completed New well is planned to be drilled, commencing in
Slide 28: Recoverable oil potential by formation
JUPITER ENERGY LIMITED Recoverable Formation alts. Oil Potential Updip NWZ #2 [Jurassic Xill a 20.2 mmbls pdip NWZ #2 North Akkar Ext | Triassic A & B ae: 20.1 mmbls i ne 4:
Slide 29: What is planned for 2010?
For personal use only Wh t is What i planned l d ffor 2010? 2010 drilling program has been approved by the regional office of the Ministry of Energy and Mineral Resources (MEMR) (MEMR). Working commitment for the 2010 year is $US5.7m (ie 1 well) A 3rd well will be drilled mid year – final deci
Slide 30: Further Questions?
For personal use only F th Questions? Further Q ti ? Geoff Gander Chairman Jupiter Energy Limited M: +61 417 914 137 (Australia) or +7 701 221 8907 (Kazakhstan) E: geoff@jupiterenergy.com.au
Slide 31: Disclaimer
For personal use only Di l i Disclaimer This presentation was prepared exclusively for the benefit and use of potential investors in order to provide an update on the future business directions of Jupiter Energy Limited (“JPR”) and neither the presentation nor its delivery to any prospective investo
Slide 32: Competent Person Statement
For personal use only C Competent t t Person P Statement St t t The information in this document that relates to oil exploration results and reserves is based on information compiled by Mr. Keith Martens who is a Director of Martens Petroleum Consulting Pty LtdLtd. Mr Mr. Keith Martens has sufficien