21 slides from Hydrocarbon Dynamics's shareholder meeting presentation, May 18, 2023
Slide 1: Advancing Crude Oil Mobility – AGM Presentation
Advancing Crude Oil Mobility For personal use only AGM Presentation May 2023
Slide 2: Disclaimer, Forward Looking Statements and Competent Person Statement
Disclaimer Page For personal use only Disclaimer, Forward Looking Statements and Competent Person Statement This presentation has been prepared by Hydrocarbon Dynamics Limited ("HCD"). It should not be considered as an offer or invitation to subscribe for or purchase shares in HCD. This presentation
Slide 3: Corporate Summary
Corporate Summary ASX listed - Energy focused For personal use only Board & Management Shareholder Summary Stephen Mitchell Non-Executive Chairman S Mitchell 14.7% Bill Tarantino CEO - Chemical Division S McGregor Super Fund 8% Nick Castellano Executive Director Lowell Resources Fund 4.5% Ray Shorro
Slide 4: Value Creation Strategy
Value Creation Strategy For personal use only Our Value Creation Strategy underpins everything we do Execute on Strategic Priorities to Market HCD Products and Technology to the Oil Industry Evaluate Additional Energy Technologies for Investment Evaluate Upstream Projects 4
Slide 5: PhaseShift Technology Platform
PhaseShift™️ Technology Platform Driving value for crude oil production, transmission and storage For personal use only Key Products & Applications: ➢ HCD Multi-Flow – Improves oil production onshore and offshore by reducing viscosity and mitigating paraffin and asphaltene depositions in production
Slide 6: HCD Delivers Value Solutions Across the Oil & Gas Value Chain
HCD Delivers Value Solutions Across the Oil & Gas Value Chain For personal use only 6 1. Wellhead – HCD Multi-Flow 2. Wellbore – Tri-Phase Squeeze 3. Oil Sands/SAGD – Bit-Flow 4. Pipelines – Assur-Flow 5. Tanks/Vessels – Kleen-Flow
Slide 7: Delivering Value Across Oil & Gas Market Segments
Delivering Value Across Oil & Gas Market Segments For personal use only Production Transmission Storage Primary focus Major Focus Flow Assurance Secondary Focus Remediation & Inhibition currently targeting Gulf of Large individual prospects Continuous Operations Mexico, North Sea, Global Canadian Oi
Slide 8: Summary of Distributors and Agents
Summary of Distributors and Agents For personal use only Signed agent agreement with OOSITA, the business arm of the Distributor ‘Fort Chipewyan Métis Nation’ in April 2023 for Canada. & agent progress Negotiating an agreement with a key distributor in the Gulf of aligned Mexico. Negotiating agreeme
Slide 9: Strategic Imperatives
Strategic Imperatives For personal use only Right Regions → Right Prospects → Right Sales Network → Right Support Structure Align with the ‘Right’ distributors and agents and properly motivate them Increase emphasis on direct sales efforts Focus on landing trials and leveraging wins The ‘Right’ test
Slide 10: The Technology is Working – Field Success Examples
The Technology is Working – Field Success Examples For personal use only PROJECT PURPOSE DOSAGE RATE IN FIELD RESULTS/STATUS Alberta Canada Paraffin remediation and inhibition 250 ppm HCD Multi-Flow Successful trial for $5bn producer in the Cardium formation results lead to award of chemical treatme
Slide 11: Executing on our strategy: Ongoing Business
Executing on our strategy: ‘Ongoing Business’ For personal use only Cooper Basin Australia Western Canada ➢ Purchase order received for 2023 winter season ➢ Successful Cardium formation trial converted to starting in May. ongoing business for HCD’s distributor in Grande Prairie, Alberta. ➢ Opportuni
Slide 12: Executing on our strategy: Current Trial Applications
Executing on our strategy: ‘Current Trial Applications’ For personal use only Two offshore platforms in the Gulf of North Dakota Bakken Formation Mexico ➢ Very waxy well where incumbent chemistry has ➢ 1st platform – 3-month trial to eliminate the need limited effect. for quarterly wax cutting. ➢ Ad
Slide 13: Executing on our strategy: Pending Trials
Executing on our strategy: ‘Pending Trials’ For personal use only North Sea Platform UAE Tank Cleaning India Tri-Phase Squeeze ➢ Waxy crude, severe impacts on ➢ Large NOC operating in the UAE ➢ Production enhancement production and operations opportunities ➢ Chemical paid for and delivered ➢ Chemica
Slide 14: Executing on our strategy: Current Priorities & Activities
Executing on our strategy: ‘Current Priorities & Activities’ For personal use only Utah’s Uinta Basin ➢ Multiple opportunities in the Uinta Basin for paraffin remediation and control. ➢ HCD received a Purchase Order from a Texas based distributor to trial HCD Multi-Flow in several applications in th
Slide 15: Executing on our strategy: Current Priorities & Activities
Executing on our strategy: ‘Current Priorities & Activities’ For personal use only Australia Pour Point Opportunity ➢ Direct result of our success in the Cooper Basin ➢ Potential trial to discover if HCD Multi-Flow is a commercially viable option for lowering pour point US Supermajor Oil & Gas Co. P
Slide 16: The Past Year: Key Takeaways
The Past Year For personal use only Key Takeaways ➢The long process of finding the right distributors and agents and maturing the relationships is starting to pay off. The number of trials is growing, and new ongoing business is starting to rise. ➢HCD has found a credible test procedure, Wax Flow Lo
Slide 17: The Year Ahead: 2023 Focus and Path Forward
The Year Ahead For personal use only 2023 Focus and Path Forward ➢Distributor base – drive & strengthen distributor base focusing on The Right distributors ➢Product screening – utilise wax flow loop testing as the go-to screening for HCD technology for paraffin control. ➢Trials and treatment – focus
Slide 18: Appendix
Advancing Crude Oil Mobility For personal use only Appendix
Slide 19: Differentiated Technology To Move Oil
Differentiated Technology To Move Oil For personal use only Viscosity Reduction ➢ The mechanism utilised is entirely different to conventional PPD’s in that PhaseShift technology works by electron sharing with like molecules (wax, asphaltene etc) through molecular repulsion between the aggregated hy
Slide 20: Production Facilities - Phoenix, Arizona
Production Facilities- Phoenix, Arizona For personal use only ➢ Production & storage facilities in Phoenix Arizona. Also storage facilities in Malaysia ➢ Current capacity is 10,000 drums/year. Could be lifted to 20,000 with additional staff ➢ Simple automation of facility could swiftly bring capacit
Slide 21: Testing Implications on Dosage Rates
Testing Implications on Dosage Rates For personal use only ➢ Tests and trials indicate dosage rates of HCD products for use in pipelines and continuous down-hole applications on viscous crudes are typically between 250 - 750 ppm ➢ Tests and trials indicate dosage rates of HCD products for use in hea