Petro Matad Limited · LSE:MATD

Petro Matad — Investor Presentation (2013)

23 slides from Petro Matad's investor presentation, 2013

  1. Slide 1: Oil & Gas Exploration Opportunities

    Oil & Gas Exploration Opportunities MATD

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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

  14. 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

  15. 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

  16. 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

  17. 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

  18. 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

  19. 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

  20. 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

  21. Slide 21: THANK YOU

    THANK YOU

  22. Slide 22: Slide 22

  23. 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

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