Zephyr Energy Plc · LSE:ZPHR
Zephyr Energy — Rose Petroleum — Investor Presentation (May 2018)
16 slides from Zephyr Energy's investor presentation, May 14, 2018
Slide 1: Rose Petroleum plc Corporate presentation
Rose Petroleum plc Corporate presentation (AIM: ROSE) OIL & GAS EXPLORATION 14 May 2018 www.rosepetroleum.com www.rosepetroleum.com
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (the "Presentation") has been prepared by and is the sole responsibility of the directors of Rose Petroleum PLC (the "Company"). This Presentation is not intended to be, and should not be construed as, any advice on the merits of, or any reco
Slide 3: Executive summary
Executive summary • Rose Petroleum PLC (AIM: ROSE) is a North America-focused oil and gas company earning into 75% working interest (“WI”) in approx. 80,000 acres (125sq miles) in the Paradox Basin, Utah, U.S.A. • Company focused on drilling its first appraisal well in Paradox Basin by end of 2018 •
Slide 4: Paradox Basin
Paradox Basin Rose acreage Prolific Rocky Mountain Basin • Exploration and production from 1961 • Major fields – Aneth, Lisbon have produced over 550mmbo and 1.2 TCF www.rosepetroleum.com 4
Slide 5: Paradox Basin Overview(1)
Paradox Basin Overview(1) • History of operational success • Total cumulative production from Cane Creek Field: 7.9 MMBO and 5.7 BCFG • Directly South of Rose acreage (12 miles) Rose Acreage • Strong potential economics • Gross well EUR: 894kboe (~0.55mmbo and ~2BCF associated gas) • Appraisal well
Slide 6: Paradox Basin Overview(2)
Paradox Basin Overview(2) • Management team expertise • Operations team has extensive experience + strong, successful record in Paradox Basin • Team previously designed and implemented a nine-well drilling programme in Basin for Fidelity Exploration and Production • Eight of those nine wells were co
Slide 7: Analogy to Cane Creek Field
Analogy to Cane Creek Field • Cane Creek 12-1 well: Cane Creek Field oil producer : >1mmboe production • Top 5 producing wells onshore US in 2013 Curvature • Analogy: Cane Creek structural character • Elongate, compressional features, often associated with minor Thrust Thrus Fault fault thrust fault
Slide 8: Analogy to Cane Creek Field
Analogy to Cane Creek Field Curvature Curvature Thrust fault Elongate Compressional feature From Watkins et al 2017 •Cane Creek Field links productivity to curvature •Outcrop examples then link curvature to fracture networks 8
Slide 9: Well Design and Planning
Well Design and Planning •Appraisal well design for drilling (29-1 & 22-1) •High quality 3D seismic eliminates need for pilot hole drilling (~US$1mm saving for initial wells) •Intermediate casing strings to optimise; • Drilling of the shallow Paradox Formation, and • Clastic 21 reservoir lateral Top
Slide 10: Key event work programme
Key event work programme Operational Progress to date Upcoming Milestones (News flow) High resolution, 3D seismic data acquired, processed and Interpreted • Application to drill permit (APD) submittal NOS already submitted Clastic 21 reservoir geophysical interpretation completed ~60 well lo
Slide 11: Conclusion
Conclusion • Rose’s Paradox project represents an exciting opportunity with significant upside potential • 80,000 net acres of which only 15,000 acres have been assessed to date • Within 3D seismic covered acreage Rose has potential Unrisked Prospective Recoverable Resources of 38mmboe gross mean in
Slide 12: US E & P Valuation Comparison
US E & P Valuation Comparison US E&P VALUATION COMPARISONS mmboe EV/boe Net acres Production Reserves mmboe Prospective Prospective + Market Prospective + EV thous Stock Symbol Price $ Basin/play ands mboe/d 1P 3P resources reserves cap $m EV $m 1P 3P reserves $/acre Rose Pet ROSE.AIM 4.23 Parx 80 0
Slide 13: Contact us
Contact us Rose Petroleum plc Matthew Idiens (CEO) Chris Eadie (CFO) First Floor Newmarket House Market Street Newbury Berkshire RG14 5DP United Kingdom +44 (0)20 7225 4595 www.rosepetroleum.com 13
Slide 14: Background
Background • Rose Petroleum plc (AIM: ROSE) listed on AIM in June 2004 • Legacy mining assets now disposed (Mexican milling operation sold in 2017 for US$1.5m) • Share Price: 3.10p (mid price at market close on 10th May 2018) • Ordinary shares of 0.1p each in Issue: 123,908,709 • EGM on 21st May an
Slide 15: Board of Directors
Board of Directors Non-Exec Chairman – Phillip Jeffcock CEO – Matthew Idiens o Founder and Managing Partner of Cew Capital LLP o Co-founder of Rose o Previously Phillip worked at Barclays Capital and global head of o +20 years experience in the natural resources sector commercial real estate for Bar
Slide 16: Operations team background
Operations team background Gregor Maxwell - Technical Advisor to the Board David List - Consulting Geophysicist • Geophysicist with over 32 years of experience with MSc in Geophysical Engineering from • Geologist with 25 years experience, PhD in reservoir geology from Colorado School of Mines the Un