Petrolympic Ltd. · TSXV:PCQ
Petrolympic — Investor Presentation (April 2015)
27 slides from Petrolympic's investor presentation, April 2015
Slide 1: Petrolympic Properties in Eastern Quebec
PETROLYMPIC PROPERTIES IN EASTERN QUEBEC TO OFFER LOCALLY -PRODUCED OIL & NATURAL GAS TO A STRIVING MARKET APRIL 2015 TSX-V: PCQ www.petrolympic.com
Slide 2: Safe Harbour Statement
SLIDE 2 SAFE HARBOUR STATEMENT This presentation contains certain forward-looking statements concerning future operations, economic performances, financial conditions, and financing plans. These statements are based on certain assumptions and analyses made in light of management experience, percepti
Slide 3: Executive Summary
SLIDE 3 EXECUTIVE SUMMARY Petrolympic holds interests in 420,786 net acres / 170,287 net ha in the Gaspé Peninsula (Quebec) Conventional reservoirs One gas reservoir independently validated by Sproule in Massé No 1 Well Heavy oil and liquids-rich gasses in Massé No 2 Well 15 coreholes dril
Slide 4: Highlights of the Recent Results
SLIDE 4 HIGHLIGHTS OF THE RECENT RESULTS Sweet natural gas reservoir discovered (Massé No 1 Well) Liquids and heavy oil documented (Massé No 2 Well) Confirmation of the exploration concepts with three main conventional plays considered on the Property Confirmation of the exploration strategy
Slide 5: Value Proposition
SLIDE 5 VALUE PROPOSITION Junior TSX-V oil and gas company with focus on assets with high growth potential Strong management and technical teams with extensive industry expertise and proven ability to execute 1.86 million acres (750,000 ha) position in Gaspé Peninsula (conventional reservoirs)
Slide 6: Gaspé Peninsula Land Base
SLIDE 6 GASPÉ PENINSULA LAND BASE Total assets interests in Gaspé Peninsula: 1,166,887 acres / 472,224 ha Bourque Petrolympic properties (Pétrolia) Galt Matapédia and Mitis Petrolympic – Gas – (Junex) Massé (JV) 101,029 acres / 40,885 ha – Oil – – Gas Reservoir – – Heavy Oil – JV properties held by
Slide 7: The O&G Landscape in Quebec
SLIDE 7 THE O&G LANDSCAPE IN QUEBEC TSX-V: PCQ www.petrolympic.com
Slide 8: Current Situation – O&G Industry
SLIDE 8 CURRENT SITUATION – O&G INDUSTRY Quebec has a long experience of managing conventional underground storage reservoirs • Pointe-du-Lac field produced 3.2 BCF (1965-1976) – Converted to storage in 1985 Operated with 32 shallow wells • Saint-Flavien field produced 5.7 BCF (1980-1994) – Conver
Slide 9: Current Situation – Governmental Commitments
SLIDE 9 CURRENT SITUATION – GOVERNEMENTAL COMMITMENTS February 2014 – Ressources Québec (governmental entity) and Maurel Prom are committed to funding $100M for petroleum exploration on Anticosti Island May 2014 – Prime Minister Couillard is committed to develop hydrocarbons in a prudent way, re
Slide 10: The Use of Natural Gas in Quebec
SLIDE 10 THE USE OF NATURAL GAS IN QUEBEC Cleaner and the most effective of all hydrocarbons Gasoline, diesel and heating oil represent 38 % of the total energy consumption Quebec consumes approximately 200 BCF of natural gas annually, 100% is imported Development of local oil and natural ga
Slide 11: High O&G Demand to Local Markets in Quebec
SLIDE 11 HIGH O&G DEMAND TO LOCAL MARKETS IN QUEBEC Short- and mid-term economic models to develop Example of practical delivery solutions: Petrolympic’s properties capitalize on the high demand for New mini LNG plants like the one below oil and locally-produced natural gas. There is currently a (
Slide 12: JV Partnership Property
SLIDE 12 JV PARTNERSHIP PROPERTY TSX-V: PCQ www.petrolympic.com
Slide 13: Results of the Massé Drilling Campaign – Reservoir Characteristics
SLIDE 13 RESULTS OF THE MASSÉ DRILLING CAMPAIGN – RESERVOIR CHARACTERISTICS – Sweet natural gas reservoir discovered, liquids and heavy oil documented Massé No 2 (total depth 6,463 feet / 1,970 meters) Hydrocarbon charge Heavy oil (19.85º API and 0.953% sulfur) Significant influxes of methane an
Slide 14: Results of the Massé Drilling Campaign – Confirmation of the Exploration Strategy
SLIDE 14 RESULTS OF THE MASSÉ DRILLING CAMPAIGN – CONFIRMATION OF THE EXPLORATION STRATEGY – The wells confirmed that hydrocarbon-bearing intervals can be successfully located through processing of seismic AVO anomalies (picture below), opening the way to test additional drilling targets identifie
Slide 15: Results of the Massé Drilling Campaign – Potential of the Massé Structure
SLIDE 15 RESULTS OF THE MASSÉ DRILLING CAMPAIGN – POTENTIAL OF THE MASSÉ STRUCTURE – A conservative resource estimate has been independently established by Sproule and Associates in February 2014 for the structure penetrated by the Massé No 1 well (green circle on the map) based on the core data a
Slide 16: 2015 Exploration Program – Major Step Out
SLIDE 16 2015 EXPLORATION PROGRAM – MAJOR STEP OUT Several AVO anomalies with seismic characteristics similar to those tested in the Massé structure (labeled H on the map) have been identified in three distinct fault block compartments covering about 74,000 acres (300 km2) The 2015 drilling prog
Slide 17: Exploration Program 2015 – Marleau No 1 Well
SLIDE 17 EXPLORATION PROGRAM 2015 – MARLEAU No 1 WELL As an example of the drilling targets scheduled in 2015, the Marleau No 1 Well (location A on previous slide) will intersect the Sayabec and Val-Brillant formations imbricated in tectonic thrust sheets and reach its target depth at 2000m in the
Slide 18: Matapédia and Mitis Properties
SLIDE 18 MATAPÉDIA AND MITIS PROPERTIES TSX-V: PCQ www.petrolympic.com
Slide 19: Matapédia Property
SLIDE 19 MATAPÉDIA PROPERTY 6 leads with superposed conventional structural traps covering 10,477 acres / 42.4 km2 in total Hosted in Early Devonian Forillon / Indian Cove limestone and Silurian Sayabec limestone / Val- Brillant sandstone Target depths 600-2,500m Reservoir analogues already
Slide 20: Mitis Property
SLIDE 20 MITIS PROPERTY 2 leads with superposed conventional structural traps covering 3,707 acres / 15 km2 in total Hosted in Silurian Sayabec limestone / Val- Brillant sandstone Target depths 600-2,500m Reservoir analogues already validated in eastern Gaspé (Early Devonian) and Pennsylvani
Slide 21: Sainte-Irene Structure in Matapédia
SLIDE 21 SAINTE-IRENE STRUCTURE IN MATAPÉDIA Example of drillable prospect in Matapédia highlighted by proprietary seismic (lead A): 3-way closure with 2 stacked targets Estimated depth to top of Early Devonian: 2,834ft / 864m Estimated depth to top of Silurian: 7,085ft / 2,160m TSX-V: PCQ www
Slide 22: Contact
SLIDE 22 Contact: Mendel Ekstein, President and CEO Andreas Jacob, Vice-President Petrolympic Ltd. 36 Toronto Street, Suite 1000 Toronto M5C 2C5 ON Ph: +1 845-656-0184 info@petrolympic.com www.petrolympic.com TSX-V: PCQ www.petrolympic.com
Slide 23: Company Profile and Financial Overview
SLIDE 23 COMPANY PROFILE AND FINANCIAL OVERVIEW Toronto-based public E&P company Funded in 2007 Listed on TSX-V:PCQ O&G exploration in Quebec through its subsidiary Petrolympia for conventional reservoirs and for the Utica Shale (1,863,701 acres / 754,216 ha) Oil production in Texas from E
Slide 24: Management Team (1/2)
SLIDE 24 MANAGEMENT TEAM (1/2) Mendel Ekstein – President, CEO and Director Mr. Ekstein has extensive management experience with a wide variety of corporations. Previous to his work with Petrolympic, Mr. Ekstein was integral in the start up of numerous businesses worldwide. Recently, he has been ver
Slide 25: Management Team (2/2)
SLIDE 25 MANAGEMENT TEAM (2/2) Alain Fleury, P.Eng. – COO and Director Mr. Fleury has over thirty-five years of experience in the oil and gas sector. As a field engineer for Schlumberger Overseas S.A., he was involved in operations across the Middle-East, Africa, India and South-East Asia. As a rese
Slide 26: Board of Directors (1/2)
SLIDE 26 BOARD OF DIRECTORS (1/2) Frank Ricciuti, B.Sc., MBA – Director Mr. Ricciuti has over 25 years of public markets experience. Over the span of his career, Mr. Ricciuti has acquired extensive experience as Analyst, Director and Executive Vice President at such firms as Scotia Capital, Glendale
Slide 27: Board of Directors (2/2)
SLIDE 27 BOARD OF DIRECTORS (2/2) Miles Pittman – Director Mr. Pittman is a partner with Ogilvy Renault LLP, where his focus is mainly in the energy sector. He works closely with energy clients in the upstream, midstream and downstream sectors and the oilfield service sector, on mergers and acquisit