Sonoro Energy Ltd. · TSXV:SNV

Sonoro Energy — Investor Presentation (April 2011)

18 slides from Sonoro Energy's investor presentation, April 2011

  1. Slide 1: Investor Presentation April 2011

    INVESTOR PRESENTATION April 2011

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements Certain statements in this document may cons1tute "forward-­‐looking statements". Such forward-­‐looking statements involve known and unknown risks, uncertain1es and other factors which may cause the actual results, performance or achievements of the Company, or industry r

  3. Slide 3: Sonoro – Summary

    Sonoro – Summary Highlights • First junior E&P Company into Iraq proper • License signed by Provincial government and Central Ministry Industry & Mines and NaJonal Investment Authority • Most aKracJve license terms in MENA, based on revenue sharing • Exclusive investment and exploraJon licenses for

  4. Slide 4: Sonoro Energy Ltd.

    Sonoro Energy Ltd. Company Profile • Canadian Toronto Venture Exchange listed • Middle East E&P Focus (first junior exploraJon company into Iraq) • Recently transformed to E&P company with new team • Proven management and board – combinaJon of success, relaJonships and influence Strategy • Developed st

  5. Slide 5: Market Information

    Market Informa6on Lis6ng: TSX Venture SNV Shares issued: 215 mm Directors & Officers: 8 % Recent Financing: $15 mm unit financing Dec-­‐Jan 2011 60 mm @ $0.25 (share + ½ warrant) Warrants: 37 mm (@ $0.18; expire Mar 2012) 30 mm (@ $0.50; expire Jan 2012) Recent Share Price: $0.34 (Mar 30, 2011) Market

  6. Slide 6: Management

    Management Richard Wadsworth, -­‐ President and CEO • Co-­‐Founder and former President & COO Bankers Petroleum Ltd. Previously with Premier Oil, Koch Canada, Syncrude and Esso Canada Lance Mierendorf -­‐ CFO • Former Controller of Buried Hill (Turkmenistan) and Anadarko (Qatar & Oman) Dick ter Aves

  7. Slide 7: Board of Directors

    Board of Directors Adam Sumel – Chairman • Founder of Sonic Technology SoluJons (2001) Richard Wadsworth – CEO • Co-­‐founder, and Past President & COO Bankers Petroleum Brian Farrell – Audit Chair • Partner with Meyer Norris Penny LLP Nasser Bin Jarallah • Owner & CEO of Jarallah Group of Saudi Ara

  8. Slide 8: Iraq Competitive Landscape

    Iraq CompeJJve Landscape Large South Iraq Projects -­‐ Majors • Exxon, Shell, Total, Petronas, Oxy, CNPC, Sonangol • Technical Service Contracts between $1-­‐6 per barrel • High CAPEX, high signature bonuses, high minimum incremental producJon • Current bid round focus on gas • No current Petroleum

  9. Slide 9: Iraq – Established Oil & Gas Fields

    Iraq – Established Oil & Gas Fields Sonoro’s Licence 24,000 km² -­‐ Exclusive five-­‐ year exploraJon license for Province of Salah ad Din, central Iraq Country Stats 400+ idenJfied structures 60 fields discovered, but not producing 25 fields on producJon 2.7 million barrels per day of oil producJon 600

  10. Slide 10: Iraq Legal Framework

    Iraq Legal Framework Other legal consideraJons • ConsJtuJon (2005) provides for exploraJon rights on non-­‐discovered commercial fields to be administered by the provinces (ArJcle 12) • ExisJng Mining Law allows for exploraJon and producJon of “Asphalt and runny related organics” -­‐ i.e. bitumen and

  11. Slide 11: Attractive License Terms

    AKracJve License Terms Sonoro Energy Iraq B.V. (70%) and Berkeley Petroleum Mesopotamia Asphalts Ltd. (30% carry to commercial), collecJvely the “Licensee” • Exclusive rights to asphalt (heavy oil) exploraJon on 24,363 km² • Revenue sharing between Province and Licensee • Licensee receives net take

  12. Slide 12: On trend with other major structures

    On trend with other major structures Kirkuk North Salah ad Din Prospect Makhul Hamrin Major anJclinal features visible at surface 12

  13. Slide 13: Three major play trends

    Three major play trends Zagros Foldbelt • Deep, high pressure anJclinal structures • MulJple carbonate reservoirs • Deeper, light oil and shallow heavy oil • e.g. Hamrin (2 billion barrels recoverable, 21-­‐30 API) Basin Axis Structural • Both shallow draped-­‐carbonate ramp and deep construcJve ree

  14. Slide 14: Prospective Resource Report

    ProspecJve Resource Report Independent report assessing prospec6vity of SaD province, by RPS Canada (Feb 2011) Prospec6ve Risked Resources (Gross Technically Recoverable) in the Mesopotamian Cretaceous and TerJary – Salah ad Din Province Prospec6ve Resources -­‐ Risked Recoverable Oil (MMbbl) P95 P5

  15. Slide 15: Salah ad Din Prospect

    Salah ad Din Prospect 1935 well drilled and abandoned North Salah ad Din • 400m depth targeJng Jeribe-­‐Euphrates Prospect • Heavy oil of 11-­‐15°API, > 100m pay • At 800 m well blew out entering Mishrif reef carbonate • AnJcline with four-­‐way closure • Surface geologic feature visible – approxima

  16. Slide 16: Next steps

    Next steps ExploraJon • ProspecJve Resource Report completed, updaJng to possible conJngent report • Acquired available and geological data…sourcing available seismic • High-­‐grade prospect and lead inventory – First prospect idenJfied • IniJate Regional Seismic acquisiJon projects (Q4 2011) Early p

  17. Slide 17: Near term catalysts

    Near term catalysts Drilling • Provincial and Gov’t approval to drill wells • Secure drilling rig and services • Drilling of first prospect well (North Salah ad Din 1) Topping Facility • Signing of a topping facility oil supply contract • Project/Debt financing (non-­‐diluJve) for topping facility • P

  18. Slide 18: For further information contact

    For further informaJon contact Richard Wadsworth, P.Eng. President & CEO T +1 403.262.3252 E info@sonoroenergy.com W www.sonoroenergy.com

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