Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (August 2021)
16 slides from Petro Matad's investor presentation, August 2021
Slide 1: Heron Field Early Production
Mongolia Heron Field Early Production Low-cost Appraisal/Development High impact Exploration Upside Petro Petro Matad Matad II Heron Heron field field early early production production 11
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Petro Matad Limited (the Company) and is for information purposes only. Some statements contained in this presentation or in documents referred to in it are or may be forward-looking statements. Such statements reflect the Company’s current views wit
Slide 3: Petro Matad Board of Directors
Petro Matad Board of Directors Chief Executive Officer: Mike Buck • 40 + years of international E&P experience including 9 years as COO of Salamander Energy • Proven track record of exploration success in S. America, N. Africa and Asia. Directly involved in the discovery of more than one billion bar
Slide 4: Mongolia’s Leading Oil Company
Mongolia’s Leading Oil Company Petro Matad • AIM Listed (MATD) Mongolia focused oil company with experienced Board and Management Team • 100% working interest and operatorship of two PSCs with the Government of Mongolia • Successful drilling campaign in 2019 in Block XX eastern Mongolia including He
Slide 5: Mongolia Oil Industry
Mongolia Oil Industry Government fully supportive of domestic oil industry • Mongolia’s daily crude production (2019): 18,840, (2020) 11,250 bopd - operations impacted by COVID- 19 pandemic • Petro China operates 95% of country’s production which is trucked to Chinese refineries • Mongolia’s refined
Slide 6: Heron Field Development
Heron Field Development SECTION TITLE Petro PetroMatad MatadII Heron HeronField field early Early production Production 66
Slide 7: Heron Field Overview
Heron Field Overview Working interests and operatorship Petro China processing and export facilities • Heron field located in Block XX • Petro Matad holds 100% working interest and is the operator of Block XX • Memorandum of Understanding (MOU) for cooperation signed with Petro China, operator of Bl
Slide 8: Heron Field Near-Term Work Programme
Heron Field Near-Term Work Programme Phase 1 development planned for 2022 • Plan to deploy proven production stimulation technology that has not yet been used in Mongolia • Production revenue contributes to follow on development cost (bopd) Heron Production based on 30% RF • Development can accelera
Slide 9: Heron Development: Production Enhancement
Heron Development: Production Enhancement Limited Reservoir Stimulation in Mongolia to date • Petro China uses rudimentary frack, partial water flood • Well rates variable from 10s to >600 bopd. Recovery Factor 15% Heron 1 Reservoir Modelling Results • Sector modelling by industry specialist identif
Slide 10: Heron Field Production and Value Drivers
Heron Field Production and Value Drivers Phase 1 Development • Early/immediate production and export will use spare capacity Petro China facilities only 17km from Heron 1 • MOU signed confirming cooperation, commercial details under discussion • Export to Mongol Refinery via new pipeline if built or
Slide 11: Exploration Upside
Exploration Upside Petro Petro Matad Matad II Heron Heron field field early early production production 11 11
Slide 12: Block XX Exploration & Appraisal
Block XX Exploration & Appraisal Low-cost exploration upside • Gazelle discovery adjacent to Heron Field Heron-1 • Total resource potential 500 MMbo in place. 100 to 200 MMbo recoverable¹ • Proven reservoir sections mappable up-dip towards southern basin margin 218km² exploitation area • Entire exte
Slide 13: Block V – Raptor Trend
Block V – Raptor Trend Active petroleum system • Snow Leopard 1 proved an active petroleum system • 4 large prospects defined c. 7km south Low-cost, very high impact exploration • Velociraptor drill ready. 200 MMbo recoverable resource with 400 MMbo potential in satellite structures • Total depth <1
Slide 14: Summary
Summary Mongolia’s leading exploration company, with operator status First mover potential to develop an industry to create transformational returns for all stakeholders Proven discovery at Heron with near term production in 2022 and nearby infrastructure Significant and low-cost exploration upside
Slide 15: Appendix
Appendix SECTION TITLE SECTION TITLE SECTION TITLE Petro Petro Matad Matad II Heron Heron field field early early production production 15 15
Slide 16: Leap Energy CPR
Leap Energy CPR • Petro Matad commissioned Leap Energy to perform a Competent Persons Report on the Heron and Gazelle discovered accumulations and remaining prospectivity in the northern Block XX. in February 2020. • Completed in February 2020, the reported oil-in-place (STOIIP) and resources are be