Niko Resources Ltd. · OTC:NKRSF
Niko Resources — Investor Day (May 2012)
20 slides from Niko Resources's investor day presentation, May 2, 2012
Slide 1: Niko Resources Agenda
Niko Resources Agenda 1. Welcome Statement Ed Sampson 2. Introduction Bill Hornaday 3. Indonesia Update - Overview Gary Christenson - Lhokseumawe Keith Rawlinson - Kofiau/West Papua IV Phil Teas - Makassar John Decker 4. Trinidad Update Gerold Fong 5. Project Evaluations Doug Cole 6. F2013/F2014 Gui
Slide 2: Economic Overview
Economic Overview • Illustrate economic parameters of current prospects & plays • Examples from • Indonesia • Lhokseumawe, Kofiau & North Ganal PSCs • Trinidad • Block 2(ab), NCMA‐2, Guayaguayare • Mid‐range resource estimates • Price Forecasts (Updated May 12, 2012) • Escalated Brent forecasts (Mar
Slide 3: Economic Overview – Kofiau PSC
Economic Overview – Kofiau PSC • Kofiau Prospective Resources – Oil charged case Oil Charged (mmbbl) Low Best High Ajek 44 196 632 Calon 86 432 1506 Dugong 38 206 816 Total 168 834 2954
Slide 4: Economic Overview – Kofiau PSC
Economic Overview – Kofiau PSC • Calon Prospect • 57.5% Niko interest • 432 mmbo ROIP • 130 mbbl/d • 22 producing wells, 6 injection wells • Subsea completions tied‐back to FPSO • Solution gas reinjected • 1st oil – 2017
Slide 5: Economic Overview – Kofiau PSC
Economic Overview – Kofiau PSC • Calon Prospect • Exploration & Appraisal • $0.38/boe • Development Wells • $2.47/boe • Subseas, FPSO • $4.27/boe • Total F & D ‐ $7.12/boe • NAV ‐ $11.07/BOE • NAV ‐ $2.75 billion or $53.33/share Updated May 14,2012
Slide 6: Economic Overview – Lhokseumawe PSC
Economic Overview – Lhokseumawe PSC
Slide 7: Economic Overview – Lhokseumawe PSC
Economic Overview – Lhokseumawe PSC • Shallow Water Complex • 30% Niko interest • Mid‐range estimate 1.25 tcf • 380 mmscf/d • 15 bbl/mmscf NGL’s • 36 development wells • Two shallow water drilling & production platforms • Pipeline to Arun LNG • 1st gas ‐ 2015
Slide 8: Economic Overview – Lhokseumawe PSC
Economic Overview – Lhokseumawe PSC • Shallow Water Complex • Exploration & Appraisal • $0.59/boe • Development Wells • $2.07/boe • Platforms & Pipeline • $1.97/boe • Total F & D ‐ $4.63/boe ($0.77/mcf) • NAV ‐ $13.41 /BOE ($2.24/mcf) • NAV ‐ $0.80 billion or $15.42/share Updated May 12, 2012
Slide 9: Economic Overview – Lhokseumawe PSC
Economic Overview – Lhokseumawe PSC • Bireun High Complex • 30% Niko interest • Mid‐range estimate 2.5 tcf • 650 mmscf/d • 27 bbl/mmscf NGL’s • 18 development wells • Subsea wells tied back to TLP • Pipeline to Arun LNG • 1st gas ‐ 2016
Slide 10: Economic Overview – Lhokseumawe PSC
Economic Overview – Lhokseumawe PSC • Bireun High Complex • Exploration & Appraisal • $0.72/boe • Development Wells • $1.85/boe • Platforms & Pipeline • $3.96/boe • Total F & D ‐ $6.53/boe ($1.09/mcf) • NAV ‐ $9.67 /BOE ($1.61/mcf) • NAV ‐ $1.23 billion or $23.89/share Updated May 14, 2010
Slide 11: Economic Overview – North Ganal PSC
Economic Overview – North Ganal PSC • Lebah Prospect • 12% Niko interest (shallow section) • Mid‐range estimate • 2.5 tcf • 500 mmscf/d • 9 bbl/mmscf NGL’s • 20 subsea wells tied back to a FPSO • Adjacent to Eni’s Jangkrik gas project • Pipeline to Bontang LNG via Senipah terminal • 1st gas ‐ 2016
Slide 12: Economic Overview – North Ganal PSC
Economic Overview – North Ganal PSC • Lebah Prospect • Exploration & Appraisal • $0.36/boe • Development Wells • $2.24/boe • Subseas, FPSO • $2.88/boe • Total F & D ‐ $5.48/boe ($0.91/mcf) • NAV ‐ $14.81/BOE ($2.47/mcf) • NAV ‐ $0.67 billion or $13.06/share Updated May 14, 2012
Slide 13: Economic Overview – Block 2(ab)
Economic Overview – Block 2(ab) • Shadow Prospect • 55% Niko interest • 79 mmstb + 505 bcf • 40 mbbl/d • 225 mmscf/d blowdown • Analagous to BHP Angostura field • 8 producing oil wells, 3 injection wells drilled from shallow water platform • Well conversions and compression at blowdown (2023) • Blen
Slide 14: Economic Overview – Block 2(ab)
Economic Overview – Block 2(ab) • Shadow Prospect • Exploration & Appraisal • $0.30/boe • Development Wells • $1.43/boe • Platform, pipelines, compression • $3.78/boe • Total F & D ‐ $5.51/boe • NAV ‐ $4.57/BOE • NAV ‐ $0.44 billion or $8.52/share Updated May 14, 2012
Slide 15: Economic Overview – NCMA-2
Economic Overview – NCMA‐2 • Miocene Gas Play • 70% Niko interest • 5.48 tcf • 1 bcf/d • 5 bbl/mmscf NGL’s • 28 producing gas wells drilled from drilling/production platforms • Gas pipelined to Atlantic LNG • Sales to LNG markets • 1st gas – 2019 Updated May 14, 2012
Slide 16: Economic Overview – NCMA-2
Economic Overview – NCMA‐2 • Miocene Gas Play • Exploration & Appraisal • $0.18/boe • Development Wells • $0.79/boe • Platform, pipelines, compression • $1.36/boe • Total F & D ‐ $2.33/boe ($0.39/mcf) • NAV ‐ $4.32/BOE ($0.72/mcf) • NAV ‐ $2.42 billion or $46.92/share Updated May 14, 2012
Slide 17: Economic Overview – Guayaguayare PSC (Deep)
Economic Overview – Guayaguayare PSC (Deep) • Cretaceous Oil Play • 100% Niko interest • Preliminary onshore lead • 250 mmbo
Slide 18: Economic Overview – NCMA-2
Economic Overview – NCMA‐2 • Cretaceous Oil Play – Costing based on analogues – Exploration & Appraisal • $0.48/boe – Development Wells • $1.52/boe – Platform, pipelines, compression • $1.80/boe – Total F & D ‐ $3.80/boe – NAV ‐ $6.11/BOE – NAV ‐ $1.53 billion or $29.62/share Updated May 12, 2012
Slide 19: Niko Resources Agenda
Niko Resources Agenda 1. Welcome Statement Ed Sampson 2. Introduction Bill Hornaday 3. Indonesia Update - Overview Gary Christenson - Lhokseumawe Keith Rawlinson - Kofiau/West Papua IV Phil Teas - Makassar John Decker 4. Trinidad Update Gerold Fong 5. Project Evaluations Doug Cole 6. F2013/F2014 Gui
Slide 20: F2013/F2014 Guidance
F2013/F2014 Guidance Sales Volumes (Mcfe/d) F2013 F2014 D6 106,000 90,000 All Other 63,000 56,000 169,000 146,000 Operating Cash Flow ($million) $190 $165 Credit Facility • the current $250 million facility was not the maximum available based on the March 31, 2011 reserve report. • the borrowing bas