Invictus Energy Limited · ASX:IVZ
Invictus Energy — Interpose Holdings — Investor Presentation (April 2018)
20 slides from Invictus Energy's investor presentation, April 2018
Slide 1: Asset Summary Special Grant 4571
Interpose Holdings Limited (ASX: IHS) ASSET SUMMARY Special Grant 4571 Conventional Oil and Gas April 2018 invictusenergy.com
Slide 2: Disclaimer
Disclaimer This document is for information purposes only. It is not a prospectus, disclosure document or offering document under Australian law or under any other law and does not constitute an offer or invitation to apply for securities. In particular, this document is not an offer of securities f
Slide 3: Overview
Overview Invictus is the first mover in one of the largest under- explored interior rift basins in Africa Interpose to acquire an 80% interest and operatorship of Special Grant 4571* which covers 250,00 acres in Zimbabwe over the most prospective part of the Cabora Bassa Basin through Invictus acqui
Slide 4: Regional Activity Map
Regional Activity Map Significant regional activity underway • Karoo aged rift plays gaining attention • Regional license rounds have attracted established East African Rift players to Karoo rift basins • Near term activity and news flow from neighbours will enhance the value of SG 4571 • Invictus i
Slide 5: Regional Karoo Hydrocarbon Discoveries
Regional Karoo Hydrocarbon Discoveries Estimated Ultimate Country Discovery HC Type Recovery (2P/2C) Ethiopia El Kuran Oil 155 million bbl Ethiopia Calub South Oil - Ethiopia Magan Oil - Madagascar Manadaza Oil - Madagascar Tsimiroro Oil 675 million bbl SG 4571 Madagascar Belemologa Tar Sand 22 bill
Slide 6: Cabora Bassa Basin Stratigraphy
Cabora Bassa Basin Stratigraphy Thick sedimentary sequences set up multiple targets Dande Sandstone – tertiary target Forest Sandstone – secondary target Pebbly Arkose – tertiary target Upper Angwa Sandstone – primary target Alterations Member – source rock Mkanga Formation – source rock Kondo Pools
Slide 7: Cabora Bassa Basin Play Elements
Cabora Bassa Basin Play Elements Source Maturity Seal 46m thick outcrop of Angwa Type I / Type III mixture capable of Mudstone and siltstones capable of source rock generating low sulphur waxy crude 1000m oil column heights or rich gas condensate depending on maturity. 7
Slide 8: Cabora Bassa Basin Play Elements (continued)
Cabora Bassa Basin Play Elements (continued) Reservoir Trap Migration Angwa Sandstone primary target has conventional Massive 4 way Mzarabani Proximity to kitchen immediately north reservoir properties with excellent porosity around 20% anticline provides structural as well as underlying sourc
Slide 9: Mzarabani Prospect - Seismic Line
Mzarabani Prospect - Seismic Line 13 Proposed Mzarabani-1 Well D D’ Multiple horizons can be targeted by a single well Large Southern- bounding fault controlling rift geometry Basement 9
Slide 10: Mzarabani Prospect – Top Upper Angwa Horizon
Mzarabani Prospect – Top Upper Angwa Horizon Mzarabani Anticline @ Top Upper Angwa Contour lines at 100m intervals Vectorised 2D seismic lines showing Mzarabani structural closure 10
Slide 11: Mzarabani Prospect
Mzarabani Prospect Mobil studies concluded that the Mzarabani Prospect contains conventional gas-condensate reservoir properties *Based on Mobil inputs of primary Upper Angwa reservoir target only 11
Slide 12: Infrastructure & Markets
Infrastructure & Markets • SG 4571 proximal to existing and future pipeline infrastructure for the domestic and export SG 4571 markets • Excellent access – dual lane tarmac all the way to the permit. 2 hours from Harare by road • Located in a non-farming area on State Land with extremely low number
Slide 13: Zimbabwe: Open for Business
Zimbabwe: Open for Business New Zimbabwe President Significant new investment activity is Emmerson Mnangagwa underway has declared that New government has implemented investor friendly economic reforms “Zimbabwe is open for Experienced mining industry executive business” appointed as Minister of Min
Slide 14: Forward Work Plan
Forward Work Plan Build a quality portfolio of Conclude transaction and government high potential assets with approvals low cost entry that can be Re-evaluate existing legacy data de-risked through • 2D seismic data reprocessing technical work and farmed and interpretation out on good terms • Aeroma
Slide 15: Summary
Summary Invictus Energy will acquire an 80% equity stake in SG 4571* containing the Mzarabani gas-condensate prospect. TCF+ potential SG 4571 granted in August 2017 with initial 6 month work program already completed Partnered with a highly regarded local company in the resources sector with extensi
Slide 16: Appendix
APPENDIX invictusenergy.com 16
Slide 17: Proposed use of funds
Proposed use of funds YEAR 1 YEAR 2 Transaction Completion $0.75m Working Capital $0.50m Working Capital $0.50m G&G Studies $0.10m Gravity/Aeromag Data Processing $0.05m Third Party Certification $0.10m Seismic Re-Processing (800km) and $0.50m Farm Out Process $0.20m G&G Interpretation Environmental
Slide 18: Directors and Management
Directors and Management Scott Macmillan – Managing Director Mr Macmillan is a Reservoir Engineer and founder of Invictus Energy Resources. He has a Bachelor of Chemical Engineering and an MSc in Petroleum Engineering from Curtin University. He is a member of the Society of Petroleum Engineers (SPE)
Slide 19: Investing in Zimbabwe – Perception vs. Reality
Investing in Zimbabwe – Perception vs. Reality Perception Reality Security of mining and resources Zimbabwe has well developed mining laws based on its long history as a mining jurisdiction. It has over tenure in Zimbabwe is high risk 100 years of history in mining with a legislative framework that
Slide 20: Regional Corporate Activity Snapshot
Regional Corporate Activity Snapshot Transaction Equity Equity Value Total Value Year Country Block Buyer Seller Asset Stage Type Acquired US$(M) US$(M) 2017 Kenya, Ethiopia Various Maersk Africa Oil Farm in Pre-Development 25% ~500 2,000 Zambia, South Block 40 & 41; Algoa- 2014 Tower Resources Rift
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