Thalassa Holdings Ltd · LSE:THAL
Thalassa — Thalassa Energy — IPO Roadshow (July 2008)
24 slides from Thalassa's IPO roadshow presentation, July 2008
Slide 1: Thalassa Energy Limited Investor Presentation
Thalassa Energy Limited Investor Presentation July 2008 1
Slide 2: Disclaimer
Disclaimer The content of this presentation has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance on this presentation for the purposes of engaging in investment activity may expose an individual to a significant risk of lo
Slide 3: Disclaimer
Disclaimer No representation or warranty, express or implied, is made or given by or on behalf of the Company, Ocean, any of their respective directors, or any other person as to the accuracy or completeness or fairness of the information or opinions contained in this presentation and no responsibil
Slide 4: Table of Contents
Table of Contents Mission Statement About Thalassa Energy Ltd. About the PMSS About Life of Field Seismic Investment Case Strategy The market Listing Statistics The IPO The Board and Management Equipment Procurement and Operations Management - WGP Appendix The Board CVs 4
Slide 5: Mission Statement
Mission Statement Thalassa Energy Ltd. was formed in 2007 as a holding Company to operate in the Energy Industry The Company’s wholly owned subsidiary, Thalassa Energy Services Ltd. has been set up to acquire and operate Marine Seismic equipment, specifically a Portable Modular Source System (“PMSS™
Slide 6: About Thalassa Energy Ltd.
About Thalassa Energy Ltd. Thalassa Energy Ltd. was formed in 2007 as a result of two years of research into the Marine Seismic Industry and the specific area of Life of Field Seismic (LoFS) or Reservoir Monitoring using Ocean Bottom Cables and a Portable Modular Source System™ (PMSS™*) The method b
Slide 7: About the PMSS
About the PMSS The PMSS™ will be installed upon vessels, typically stand-by or Platform Supply Vessels (“PSV’s”) owned by customers. The purpose of LoFS monitoring is to extend the life and increase the yield of hydrocarbons extracted from a reservoir and thereby increase the return on investment fo
Slide 8: About Life of Field Seismic
About Life of Field Seismic Hooked up to the platfor m Fibre-optic to shore Seabed seismic receivers = LoFS Cross-reservoir seismic data 8
Slide 9: About Life of Field Seismic
About Life of Field Seismic The components of a reservoir monitoring service are listed below:- seabed cables – laid on the seabed above the oil field (reservoir) that is to be monitored recording system – remotely operated and installed on the associated platform and connected to the sea bed cable.
Slide 10: Investment Case
Investment Case The Directors believe there is limited excess production capacity relative to demand and that this has led to significant increases in current and expected oil and gas prices. The Directors also believe that the additional supply necessary to match the expected increase in demand is
Slide 11: Investment Case
Investment Case A principal reason for customers to monitor the depletion of a reservoir is to ascertain where to direct drills and in order to predict when and where to pump water into a reservoir to maximise the extraction of the hydrocarbons. Maximising hydrocarbon extraction is an important fact
Slide 12: Strategy
Strategy The Directors believe that the higher oil price has led to increased focus on asset recovery by oil and gas companies which presents an opportunity for TESL, as a provider of seismic solutions to the oil and gas industry. The key elements of the Director’s strategy are to: build a PMSS™ uni
Slide 13: The Market
The Market The Group does not currently have any customers. The potential customer base includes customers of WGP as well as other E&P companies. A principal reason for customers to monitor the depletion of a reservoir is to ascertain where to direct drills and in order to predict when and where to
Slide 14: The Market
The Market As a provider of services to the oil and gas industry, The Group’s revenues will be driven by three broad factors: Demand for oil and gas engineering and construction services is dependent on the capital investments undertaken by oil and gas companies that in turn are largely driven by en
Slide 15: Listing Statistics
Listing Statistics Market AIM Number of Shares 8,500,000 Offering Price $1.00 Timing July 2008 15
Slide 16: The Board and Management
The Board and Management The Board: Duncan Soukup, Chairman Graham Cole, Non-Executive Director James Grossman, Non-Executive Director David Thomas, Non-Executive Director Management: Duncan Soukup, Chairman Christopher Langrick, Group Financial Controller 16
Slide 17: Equipment Procurement and Operations Management - WGP
Equipment Procurement and Operations Management - WGP The PMSS operations of TESL will be managed under the Equipment Procurement and Operations Management Agreement by WGP. WGP is an independent international seismic contractor with experience of conducting seismic survey operations in a marine env
Slide 18: Appendix
Appendix =» The Board—CVs 18
Slide 19: The Board - CVs
The Board - CVs Duncan Soukup, Chairman Duncan has 25 years of investment experience. Having worked in investment banking for 10 years (1984-1994), lastly with Bear Stearns as managing director in charge of the company’s non-US equity business, Mr Soukup set up his own investment management business
Slide 20: The Board - CVs
The Board - CVs Graham Cole, Non-Executive Director Graham specialises in advising growth companies on public offerings, capital raising, merger and acquisition strategy. He has been involved in over 60 public flotations (in London, on the Official List and AIM, and in Europe, on EASDAQ - now NASDAQ
Slide 21: The Board - CVs
The Board - CVs James Grossman, Non-Executive Director Mr Grossman is an international businessman and corporate international lawyer with over 35 years of experience. Mr Grossman is a graduate of Harvard Law School now living in Paris, with business activities in London and Geneva. His experience h
Slide 22: The Board - CVs
The Board - CVs James Grossman, Non-Executive Director (continued) Mr Grossman has an active international arbitration practice as a member of i) the American Arbitration Association’s International Disputes Panel and ii) the World Intellectual Property Organization's (WIPO) Arbitration and Mediatio
Slide 23: The Board - CVs
The Board - CVs David M. Thomas, Non-Executive Director David is a geologist with 30 years experience in the oil and gas industry, mainly in North and West Africa. After five years of working in SE Asia and then in London for North Sea operations, Mr Thomas spent the late 1970s and early 1980s worki
Slide 24: Management - CVs
Management - CVs Christopher Langrick, Financial Controller Christopher is not currently a director of the Company, however, it is anticipated that he may be appointed to the Board in due course. Mr Langrick qualified as a chartered accountant. Mr Langrick’s most recent position was Transaction Serv