Jupiter Energy Limited · ASX:JPR
Jupiter Energy — Non-Deal Roadshow (July 2008)
19 slides from Jupiter Energy's roadshow presentation, Jul 4, 2008
Slide 1: Jupiter begins road show to complete funding for North West Zhetybai acquisition
For personal use only 4 July 2008 Jupiter begins national and international road show to complete funding for North West Zhetybai acquisition The Board of Jupiter Energy Limited (ASX: JPR) advises that JPR has now commenced a national and international road show and attached is a copy of the present
Slide 2: Jupiter Energy Limited North West Zhetybai Road Show
For personal use only Jupiter Energy Limited (ASX: JPR) July 2008 North West Zhetybai Road Show
Slide 3: For personal use only
RUSSIA “aqtdbe (Aktobe! AtyraG e(Atyrau} ,Aqtaa Aktau) TURKMENISTAN NM ‘- & JZBEKISTAN 4 -etropaviovsk . Qostanay (Kostanay} Pav ¢ASTANA Baykonur Cosmodrome #Baygongyr (Baykonyr) e Shymkent, Taraz Qyzylorda (Kyzylorda) >dar®. KYR¢ Kamer Almaty, (ZSTAN of kemen 2 agorsk) CHINA 0 100 200kmn 0 100-200
Slide 4: Brief Oil History on Kazakhstan
Brief Oil History on Kazakhstan For personal use only • After Russia, the 2nd largest oil producing Union at the time of the collapse of the USSR • Proven reserves today of 30 b barrels • Estimated reserves of 60‐100 b barrels • Expected to produce 2‐3% of the world’s oil demand over the next decade
Slide 5: Why Kazakhstan for JPR?
Why Kazakhstan for JPR? For personal use only • Kazakhstan contains multi billion barrel oil fields • Even though some basins have been producing oil for 100 years, most areas are lightly explored with predominantly 1980’s technology. Areas of interest are extremely prospective and not available in
Slide 6: JPR Board
JPR Board For personal use only • Geoff Gander • Executive Chairman • Andrew Childs • Non Executive Director • Erkin Svanbayev • Executive Director (based in Almaty, Kazakhstan) www.jupiterenergy.com.au
Slide 7: Jupiter's Key Personnel
Jupiter’s Key Personnel For personal use only – Erkin Svanbayev: Experienced oil trader, currently exporting over 1m barrels of oil out of Kazakhstan each month . JPR Director. – Ole Udsen: Country Manager. Has proven experience in identifying and closing oil procurement opportunities in Kazakhstan
Slide 8: Mangistau Basin in SW Kazakhstan
MANGISTAU BASIN IN SW KAZAKHSTAN For personal use only Block 31 – area 1 & 2 NW Zhetybai Oil Field ~6 Billion barrels Main oil fields Oil pipelines Gas pipelines Rail road
Slide 9: Northwest Zhetybay Oil Field
NORTHWEST ZHETYBAY OIL FIELD For personal use only 14 mmbbls Jupiter’s Block 31 Jupiter’s Block 32 Extension (under application) Jupiter’s Block 31 NW Zhetybai Oil Field
Slide 10: NWZ Reserve Estimates
NWZ Reserve Estimates For personal use only Reserves mmbbls 1P 2P 3P Ryder-Scott (2005) 4.32 9.06 16.87 MEMR Report (2005) 4.53 19.32 Soviet Review (1983) 4.49 Jupiter on 3D (2008) 4.5 21.01 36
Slide 11: Jupiter's Prospectivity
JUPITER’s PROSPECTIVITY For personal use only 14 mmbbls Mangistau Basin Block 31: 14 mmbbls Block 32: 8 mmbbls NWZ (50%): 21 mmbbls JPR’s share: 32.5 mmbbls Extension NW Zhetybai #2 Oil Flow in Triassic A
Slide 12: Market Access
Market Access For personal use only • Infrastructure within 10 kms of Jupiter’s permits • Pipeline – Eastern Europe – Baltic – Black Sea • Rail – Aktau – Caspian trade • Road – Aktau – Caspian trade • Assuming initial local sales, then 80% export, 20% local • Gas Utilization – Assume power generatio
Slide 13: Work Programme
12 Month Work Programme For personal use only • Re‐enter up to 4 existing wells, Q3‐4 2008 • Update volumetrics based on new 3D, Q3‐4 2008 • Drill 2 new wells, Q1 2009 • Camp, temporary production facilities, Q3 2008 – Q1 2009 • Re‐evaluate reserves, Q2‐3 2009 • Submit production project documents,
Slide 14: Terms of Purchase
Terms of Purchase For personal use only • North West Zhetybai • 50% interest for $US26m cash • Joint Operator • 1 year plan to drill 2 discovery wells and confirm field reserves. Cost of $US12m to be funded on a 50/50 basis • Option to move to 100% ownership once field has been independently revalue
Slide 15: NWZ Acquisition
NWZ Acquisition For personal use only • Funding requirements: $A40m – Equity $A20m – Capital Raising: • 182m shares @ $0.11 ‐ $A20m • 1 for 2 free attaching listed option per share (ex $0.08, expiry June 2010) – Debt $A20m • 3 proposals being considered from both national and international groups •
Slide 16: Why are we here today?
Why are we here today? For personal use only • Book build for the current $A20m equity raising • Expected timetable: – Complete road show: 16 July – Deadline for firm commitments on book build: 18 July – Complete DD: 25 July – NoM sent to shareholders: 30 July (or earlier) – General Meeting to appro
Slide 17: JPR Capital Structure
JPR Capital Structure For personal use only • 357m shares on issue • 300m listed options (exercise price of $0.08 and expiring June 2010) • 30m management options (vesting over 2 years and based on performance hurdles – ex $0.08) • Proposed raising: 182m shares and 91m options • Current estimated as
Slide 18: Business Summary
Business Summary For personal use only • JPR believes it now has the following key elements that will ensure it becomes an oil producer during 2009 in one of the most prospective oil producing countries in the world: – Experienced and well connected board and management – Proven local team: already
Slide 19: Disclaimer
Disclaimer For personal use only This presentation was prepared exclusively for the benefit and use of potential investors in order to provide an update on the future business directions of Jupiter Energy Limited (“JPR”) and neither the presentation nor its delivery to any prospective investor shall