Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (2013)
23 slides from Petro Matad's investor presentation, 2013
Slide 1: Oil & Gas Exploration Opportunities
Oil & Gas Exploration Opportunities MATD
Slide 2: Executive Summary
Blocks XIX & XXI Executive Summary production area Block XX Blocks IV & V London AIM-traded upstream oil & gas exploration company. Urumqi Refinery Majority Mongolian owned. Largest shareholder: Petrovis Shanshan Yumen Huhhot 3 PSC’s: c.60,500 km2, held 100% (Blocks IV, V & XX) Advanced exploration
Slide 3: Company Profile and Board of Directors
Company Profile New management team; implemented ‘exploration best practice’ approach in 2012 Board has >120 years oil company operational experience, proven oil finders Extensive Mongolian energy sector experience on Board through Petrovis Experienced technical team in Mongolia Active operator sinc
Slide 4: Commitment to Technical Excellence
Commitment to Technical Excellence 4 field seasons complete (2010-2013) >2500 samples collected & analysed, 4 stratigraphic wells in IV & V with 3500m of core 6000kms of 2D seismic acquired, plus 133km2 of 3D 195kms of new 2D acquisition underway in Blocks IV & V 11 wells drilled in northern Block X
Slide 5: Why Mongolia?
Why Mongolia? Contains several large under-explored sedimentary basins that have all the elements for working petroleum systems and large resource potential. These basins are geologically similar to highly productive basins in China, many with multi-billion barrel reserves. Basin opener opport
Slide 6: Prolific Analogue Basins in China
Prolific Analogue Basins in China All analogue basins with significant exploration are proven, many with giant fields Block IV & V Block XX Hailar/Tamtsag Basin Area: 15,000km2 Area: 6,200km2 >100 mmboe rec. Max Fill: 5 km Max Fill: 4 km Songliao Basin >35 Bboe rec. Junggar Basin >10 Bboe rec. Erlia
Slide 7: Block XX - Producing Analogue
Block XX - Producing Analogue 5 km Tulson Uul Sub-Basin – Petro-China operated A B 50 km 10 km Producing Oil Block XIX A Fields C D B C Block XX D Similar Leads mapped in Block XX
Slide 8: Regional Oil & Gas Infrastructure
Regional Oil & Gas Infrastructure The development concept will be updated following any discoveries Block IV & V – Potential Delivery Options Oil trucked c.500km to planned new-build refinery, or to Ulaanbaatar for supply to rail line to China Oil pipeline to Yumen, which is c.500km south of Block
Slide 9: Block IV
c.500kms Block IV Bogd 1,111 km of 2D seismic >8,000km2 of prospective basin area Extensive geologic sampling and mapping. Rich oil shale, excellent mature source rocks 3 Stratigraphic Core Tests Clean high porosity reservoir rocks 6 main basins identified, 2 main plays Multiple leads and trap style
Slide 10: Block V
c.500kms Block V ongi 1,327km of 2D seismic c.7,000km2 of prospective basin area Extensive geologic sampling and mapping. Rich oil shale, excellent mature source rocks 1 deep stratigraphic test, with oil shows Clean high porosity reservoir rocks 3 main basins identified, 2 main plays Multiple leads
Slide 11: Block XX
Petroleum Blocks Block XX Matad 3,510 km of 2D seismic ~6,000km2 of prospective basin area 133km2 3D seismic 10 sub-basins identified, 1 main play Adjacent to Producing Block XIX Proven hydrocarbons Toson Uul trend extends into XX Multiple leads and trap styles
Slide 12: Petroleum Systems Identified (data from Blocks IV & V)
Petroleum Systems Identified (data from Blocks IV & V) Thick, rich and mature lacustrine shale. • 200-800m net shale • 3-27% TOC • 0.6-0.9 Ro • Potential for oil shale development • Basin modelling indicates extensive generation potential High Porosity fluvial-deltaic sands. • 10-30% porosity • Clea
Slide 13: Direct Hydrocarbon Indicators
Direct Hydrocarbon Indicators Block V Block IV Block XX •Dead oil from core of 5-4-1900 strat •Oily fluid Inclusions from outcrop •Live oil from DT-4 well, fluorescing test samples under UV light •Oily fluid Inclusions from strat well
Slide 14: Unrisked Prospective Resources
Unrisked Prospective Resources Deterministic Mid-Case Deterministic Mid-Case Recoverable Number of identified leads with Total number of identified Block Prospective Resources Prospective volume estimates leads (OIIP mmbbls) Resources (mmbbls) Block IV 3,330 870 5 17 Block V 460 161 3 5 Block XX (No
Slide 15: Investment Opportunity & Farm-Out Process
Investment Opportunity & Farm-Out Process Petro Matad is seeking to raise capital through equity sale. In parallel, it is also seeking to acquire strategic partner(s) by farming down its 100% interest in its 3 blocks A number of potential counterparties have been in the data room since early Feb
Slide 16: Indicative Value Creation
NEAR TERM LOW SPEND ASSETS STRATEGY • Regional 2D • Focused 2D • Basin Opener Wells • Play Expansion 2D/3D • Basin Mapping • Expand Samples • 2nd Phase Regional 2D • Step-Out Expl. wells • • • Indicative Value Creation 1D Modeling Refine Key Targets Prospect Definition 3D • Lead Catalog Active Opera
Slide 17: Drilling Plans for 2014
Regional studies high-graded areas for hydrocarbon generation Strategy: Strong leads were chosen to undergo testing Basin Opener Drilling Drilling Plans for 2014 Prioritize the Operation: Undrilled frontier of Prospect scale 2D is Plan: Blocks IV & V being acquired over First exploration wells two l
Slide 18: Summary: Mongolia E&P Opportunity with Petromatad
Summary Mongolia E&P Opportunity with Petromatad Opportunity to invest in frontier & emerging areas covering 60,500 km2 Three 100% owned blocks in Mongolia Excellent mature source rocks, reservoirs and trapping styles identified Both conventional and unconventional resource potential Compa
Slide 19: Contacts
Contacts If you are interested in investing in a fully operable oil and gas company with a revitalised and advanced exploration programme, high quality frontier and emerging exploration acreage, a significant database of seismic, wells and samples; plus the possibility of significant strategic partn
Slide 20: Important Notice and Disclaimer
Important Notice and 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 Compan
Slide 21: THANK YOU
THANK YOU
Slide 22: Slide 22
Slide 23: Scoping Economics
Scoping Economics Block IV & V Split Per Barrel1 Indicative netback per barrel Block IV & V - Key Assumptions 36% Contractor 32% Share 27% 34% Government 37% Share2 34% Scenario A Scenario B Block XX Split Per Barrel1 Block XX – Key Assumptions 37% 42% Contractor Share 32% 25% Government 31% Share2