Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (July 2024)
14 slides from Petro Matad's investor presentation, July 2024
Slide 1: Mongolia: Production Starting, Near-field Exploration and Renewable Energy
Mongolia Production Starting Near-field Exploration and Renewable Energy
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying verbal presentation, including any question and answer session and any documents or other materials distributed at or in connection with the presentation (together, the “Presentation”), are being presented by Petro Matad Limited (the “Company”) for i
Slide 3: Petro Matad: Mongolia's Leading Independent Energy Company
Petro Matad Mongolia’s Leading Independent Energy Company Two PSCs with Government of Mongolia AIM Listed (MATD) 100% working interest and ownership Mongolia focused oil company with experienced Block XX Exploitation Licence only the third ever Board and Management Team awarded in Mongolia Two new P
Slide 4: Our Assets
Our Assets Two new PSCs pending award Block XX Confirmed winner of tender - awards expected Development, appraisal, exploration late 2024/early 2025 Adjacent to Mongolia’s main oil producing area Large blocks covering extensions of basins and sharing infrastructure producing in China Heron field pro
Slide 5: Mongolia Oil Industry
Mongolia Oil Industry Government supportive of domestic oil industry • Mongolia’s average daily crude production in 2023 was Mongol 13,395 bopd1 Refinery capacity • PetroChina operates 96% of country’s production which is trucked to Chinese refineries Projected • Mongolia’s refined product need end
Slide 6: Block XX: Land access - a work around is found
Block XX: Land access - a work around is found Regulation 287 process • 287 is the long term land access fix whereby central government declares Block XX to be a State Special Purpose Area • Approved as SSPA by Cabinet in July 2023 • Remaining procedural formalities held up provincial officials for
Slide 7: Block XX: Development with Exploration Upside
Block XX: Development with Exploration Upside Working interests and operatorship • Heron field located in Block XX • Petro Matad holds 100% working interest and operates Petro China processing Block XX and export facilities • 214km2 Exploitation Area secured – tenure for 25 years+ Oil discovery • He
Slide 8: Heron Appraisal and Development 1
Heron Appraisal and Development 1 19-154-t158 Datum: TVD Seismic 19-46-3 5 Heron-1 Discovery Initial Production 2 Well Locations ‘Proven’ Reserves Area 3 4 Heron Field 6 DT-4 Discovery Production Well Locations Top Lower Tsagaanstav Formation Depth Structure Map 8
Slide 9: Heron Appraisal and Development 2
Heron Appraisal and Development 2 Heron-1 First Oil Plan Single Well Production Pad Layout • Heron-1 re-entered for fracking and completion • Install and commission production facilities for first oil • Oil transported to facilities in Block XIX for export and sales Heron-2 and Heron-3 • Both wells
Slide 10: Gobi Bear Prospect
Gobi Bear Prospect Block XX Prospect and Leads Exploration upside • There are a number of Prospects and Leads within the Block XX Exploitation Licence with a total in- place resource upside of c. 430 MMbo1 • The Exploitation Licence award allows for exploration drilling to target additional resource
Slide 11: Mongolia: Renewable Energy
Mongolia: Renewable Energy Government Strategy Wind: 2,550 TWh/yr potential 1,2 • Government Energy Strategy and COP26/27 pledges. By 2030: ➢ 30% domestic generation from renewables (currently 9%) ➢ 23% reduction in reliance on thermal power ➢ Meet 100% of national energy demand from domestic supply
Slide 12: SunSteppe JV: Projects, Opportunities and Team
SunSteppe JV: Projects, Opportunities and Team Projects under development 50MW Battery Energy Storage System (BESS) at Choir, Central Mongolia • Urgently needed by Ministry of Energy to stabilise grid • 2nd BESS in country, the first to involve a private company • Huge growth potential. Ministry has
Slide 13: 2024/25 Work Programme
2024/25 Work Programme Goals • Commence production and development of Heron discovery in Block XX • Near field low-cost exploration drilling • Develop renewable energy projects to bankable ready to build status • Achieve self-sustainability and deploy oil production revenue on development drilling,
Slide 14: Thank you
Thank you General Enquiries: admin@petromatadgroup.com ‘X’: @Petro_Matad LinkedIn: Petro Matad Limited 14