Pantheon Resources Plc · LSE:PANR
Pantheon Resources — Shareholder Meeting (December 2012)
19 slides from Pantheon Resources's shareholder meeting presentation, Dec 14, 2012
Slide 1: AGM Presentation
AGM Presentation 14 December 2012
Slide 2: Important Information
Important Information (1) These presentation materials (“Presentation Materials”) are for information purposes only and do not constitute an offer or invitation to subscribe for or purchase any securities, and neither the Presentation Materials nor anything contained herein nor the fact of their dis
Slide 3: The Year In Review
The Year In Review 14 December 2012 3
Slide 4: The Year In Review
The Year In Review Austin Chalk – geologically unchanged since VRU#1 • Company believes current market valuation is underpinned by potential of Austin Chalk alone. Woodbine – materially upgraded in 2012 • Comprehensive two year regional study completed. • Risk continued to fall and reserve poten
Slide 5: Oil to Gas price ratio
Oil to Gas price ratio Historical Oil to US Natural Gas price ratio broke down. This contributed to delays. Ratio of Crude Oil to Henry Hub Natural Gas 70 60 50 40 Ratio 30 ` 20 10 0 Oct-07 Oct-08 Oct-10 Oct-11 Oct-06 Oct-09 Oct-12 Jan-06 Jan-08 Jan-11 Jul-06 Jan-07 Jul-07 Jul-08 Jan-09 Jul-09 Jan-1
Slide 6: Natural Gas & Oil Price Chart
Natural Gas & Oil Price Chart Historic Oil to Gas price ratio broke down due to pursuit of shale gas Gas Price - Henry Hub $/MMBTU Crude Oil - Brent $/BBL 14 160 12 140 120 10 100 8 80 6 60 4 40 2 20 0 0 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 14 De
Slide 7: Current Status
Current Status 14 December 2012 7
Slide 8: Regional Map
Regional Map Polk Tyler County County De Witt County 14 December 2012 8
Slide 9: Regional Woodbine/Tuscaloosa Trend
Regional Woodbine/Tuscaloosa Trend Tyler County JV is a conventional geological trend with a conventional sandstone and a potential high recovery factor 14 December 2012 9
Slide 10: Play Summary: Geologic Structure
Play Summary: Geologic Structure Polk County High • Exploration has historically focused on structural highs. 14 December 2012 10
Slide 11: Potential for Horizontal Completion Using Unconventional Technology
Potential for Horizontal Completion Using Unconventional Technology to Optimize Production and Cost The seismically defined 1,375 acre area in the Double A Wells field has, to date, produced 6.6 million bo and 112 bcfg from 10 vertical well penetrations. Adjacent horizontal Austin Chalk wells (same
Slide 12: Tyler County Mini-Basin
Tyler County Mini-Basin The Vision LP2 well is an existing Woodbine/Eagleford producer, drilled in 2005 and is located on JV acreage. 14 December 2012 12
Slide 13: Woodbine/Eagleford Wells – Production Front End Loaded
Woodbine/Eagleford Wells – Production Front End Loaded Vintaged Well Analysis 53% of Double A Wells Field production occurred in first 36 months EUR = Economic Ultimate Recoverability 14 December 2012 13
Slide 14: Vision LP2 Well Analysis
Vision LP2 Well Analysis 14 December 2012 14
Slide 15: Texas share of US natural gas production
According to EIA Form 914, the State of Texas accounted for 29.3% of U.S. natural gas production for August 2012 56% of current Texas natural gas production comes from wells drilled in the last 30 months 14 December 2012 15
Slide 16: Rig Count and Gas Price Relationship
Rig Count and Gas Price Relationship Periodic Lows and Historical Lows 14 December 2012 16
Slide 17: US Shale Play Gas Rig Count – Declining. Rig Rates falling.
US Shale Play Gas Rig Count – Declining. Rig Rates falling. 14 December 2012 17
Slide 18: Industry Write Downs in 2012 to date
Industry Write Downs in 2012 to date • Apache US$0.5bn • BG Group US$1.3bn • BHP US$2.4bn • BP US$1.0bn • Chesapeake US$3.3bn • Devon US$1.1bn • Encana US$1.7bn • Ultra US$1.1bn 14 December 2012 18
Slide 19: Summary
Summary JV targetting KF#1H to spud in first quarter 2013. Woodbine play has been materially upgraded. Conventional sandstone with potential high recovery factor in conventional geological trend. JV believe Tyler County acreage has potential to contain similar size field to Double A Wells fi
Pantheon Resources — Shareholder Meeting (December 2012) on 6ix