Navitas Petroleum Lp · TASE:NVPT
Navitas Petroleum Lp — Investor Presentation (July 2025)
20 slides from Navitas Petroleum Lp's investor presentation, July 2025
Slide 1: Investors Presentation
Investors Presentation July, 2025
Slide 2: Navitas Petroleum At a Glance
Navitas Petroleum USA At a Glance Established portfolio Comprised of large offshore projects (development & producing) and onshore producing fields Creating significant value by investing in opportunistic Mega Projects on the verge of FID Reducing subsurface risk and shortening time to first oil Pro
Slide 3: Established NAV and Significant Resource Base
Established NAV and Significant Resource Base1 Discounted cash flows Navitas’ Discovered Resources Project for Navitas Millions of barrels (MMBOE) NPV10-2P/2C Shenandoah (2P) USD 3,892 million Sea Lion (2C)2 USD 3,592 million Buckskin (2P) USD 275 million Shenandoah (2P) 211 Sea-Lion (2C) 819 Monume
Slide 4: Navitas Offshore Strategy
Navitas Offshore Strategy Investment prior to Navitas’ farm-in Mitigate subsurface risks and shorten time to First Oil Investment following to Navitas’ farm- in $ Investment FID Final Investment Decision First Oil Leveraging position in the Israeli capital market Navitas Farm-in Appraisal Wells #2 A
Slide 5: Overview of Navitas' Assets
Overview of Navitas’ Assets Average Daily NPV Status Working Interest Partners Production (2P/2C Navitas share) Shenandoah Production 49% 49,000 BO/D1 USD 3,892 million Buckskin Production 7.5% 2,600 BO/D3 USD 275 million Offshore US GoA Monument Development 28.57% 5,700 BO/D2 USD 292 million Shenan
Slide 6: Shenandoah Project – Facts and Figures
Shenandoah Project – Facts and Figures USA 49% FID First Oil Gulf of America Navitas WI August 2021 July 2025 211 MMBOE 49,000 BO/D 2P net to Navitas1 Navitas share of estimated daily production2 $3,892m ~$7.6 ~$10 Navitas share 2P NPV101 OPEX/BOE1 CAPEX/BOE1 Partners 31% 20% Project’s Operator 1. A
Slide 7: Shenandoah Project – Oil and Gas Production has commenced
Shenandoah Project – Oil and Gas Production has commenced ▪ Production at the Shenandoah Project commenced on July 25, 2025 ▪ Initial production is carried out in a gradual, controlled and staged manner (ramp-up), which includes the controlled opening of production wells, cleaning of the wells and i
Slide 8: Leveraging Shenandoah Success into Additional Value Creation
Leveraging Shenandoah Success into Additional Value Creation Daily production volume and FPS capacity which serves as regional HUB 140,000 120,000 Monument 100,000 Daily production BBL1 (100%) 80,000 Monument 60,000 Shenandoah 40,000 Shenandoah 20,000 0 2025 2026 2027 2028 1. Production Volume is ba
Slide 9: Shenandoah South Project
Shenandoah South Project USA 41.85% FID First Oil USA Gulf of America Navitas WI July 2025 Expected Q2-2028 4,200 BO/D 19 MMBOE $184m Navitas share of expected Project CAPEX 2C net to Navitas1 average daily production1 initial budget (100%) $167m $15.4 $20.3 Navitas share 2C NPV101 OPEX/BOE1 CAPEX/B
Slide 10: Monument Project
Monument Project USA 28.57% FID First Oil ▪ In February 2025, project finance agreement was Gulf of America Navitas WI March 2024 Expected Q4-2026 signed with a credit facility of $150 million to 5,700 BO/D 33 MMBOE finance Navitas’ share in the project’s Navitas share of expected average daily prod
Slide 11: Buckskin Project
Buckskin Project USA 7.5% First Oil ▪ An established strong track record of production Gulf of America Navitas WI June 2019 underpinning future performance 2,600 BO/D 21 MMBOE Navitas share of average daily production2 ▪ Reputable project partners, lead by LLOG as Operator, 2P net to Navitas1 fully
Slide 12: Sea Lion The Next Big Thing
Sea Lion The Next Big Thing The Project is heading towards FID! License map Falkland Island 65% FID First Oil South America WI & Operator expected in H2-2025 expected Q1-2028 819 MMBOE Sea Lion is the Fourth Largest 2C net to Navitas Pre-FID Oil Discovery worldwide3 32,500 BO/D $3,592m Expected dail
Slide 13: Sea Lion - The Project is heading towards FID!
Sea Lion - The Project is heading towards FID! ▪ Field development plan (FDP) – “technical” approval was received Development Plan Phases from the Falkland Islands Government (FIG) for phases 1 & 2. ▪ Environmental Impact Statement (EIS) based on the development ▪ Phase 1 will include 11 wells drill
Slide 14: Financial Information
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Slide 15: Navitas Forecast
Navitas Forecast EBITDA2 Daily Production Volume1 USD millions BO/D 2,000 100,000 96,600 Shenandoah (producing) 1,840 1,873 93,700 92,100 1,800 1,785 90,000 Sea Lion (towards FID) 1,600 80,000 Buckskin (producing) 1,400 1,317 70,000 64,500 Monument (development) 1,200 1,107 60,000 56,300 1,000 50,00
Slide 16: Liabilities
Net Consolidated Financial Debt. of March 31, 2025 (in USD thousand) Debentures (Series C) (89,715) Convertible debentures (Series D) (47,135) Debentures (Series E) (136,666) Liabilities Debentures (Series F) (244,755) Debentures (Series G) (108,911) Loan for funding the Shenandoah project (510,152)
Slide 17: Navitas key takeaways
Navitas key takeaways Substantial asset backing Robust cash flow generation low net debt to NPV10 of 2P reserves of robust projects portfolio, encompassing significant growth 21% trajectory and value upside Unique offshore strategy Proven access to capital risk mitigation and shortening time to USD
Slide 18: Thank You!
4 NAVITAS PETROLEUM Thank You!
Slide 19: Disclaimer – Limitation of Liability
Disclaimer – Limitation of Liability This presentation was prepared by Navitas Petroleum Limited Partnership ("Navitas" or "the Partnership"). This presentation does not purport to be comprehensive or to include all the information that may be relevant to making an investment decision regarding the
Slide 20: Disclaimer – Limitation of Liability (cont.)
Disclaimer – Limitation of Liability (cont.) Additionally, this information is subject to a range of factors associated with oil production projects and/or the volatility of the oil market and oil prices, as well as the realization of any of the risk factors described in the Partnership’s reports. T
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