Tamar Petroleum Ltd. · TASE:TMRP
Tamar Petroleum — Investor Presentation (April 2019)
17 slides from Tamar Petroleum's investor presentation, April 2019
Slide 1: Tamar Petroleum Ltd. Investor Presentation April 2019
This Presentation is a translation of Tamar Petroleum Ltd.'s Hebrew-language Presentation, prepared solely for convenience purposes. Please note that the Hebrew version is the binding version, and in the event of any discrepancy, the Hebrew version shall prevail. Tamar Petroleum Ltd. Investor Presen
Slide 2: Disclaimer
Disclaimer This presentation was prepared by Tamar Petroleum Ltd. (the “Company”) and is given only for the provision of summary information for the sake of convenience. This Presentation does not purport to be comprehensive or to include all of the information which may be relevant with respect to
Slide 3: Tamar Petroleum Business Card
Tamar Petroleum Business Card • Tamar Petroleum is a company with no control core, which is traded on the Tel Aviv Stock Exchange Ltd. • According to the Company’s Articles of Association, the Company may only engage in the Tamar and Dalit Leases (the “Leases”) • After the consummation of two succes
Slide 4: Tamar Reservoir Basic Data
Tamar Reservoir Basic Data Reserves as of December 31, 2018* (2P, Tamar and Tamar SW Reservoirs) Approx. 11.1 TCF (315 BCM), and in addition approx. 14.5 million barrels of condensate Production commencement date March 31, 2013 Initial Development Budget Tamar production system chart Approx. $3.1 bi
Slide 5: Proven Reserves in a High Quality Reservoir
Proven Reserves in a High Quality Reservoir Reserves as of December 31, 2018 (BCM)* • High quality reservoir on a global level: Dry gas, approx. Proved reserves (1P) Probable reserves Tamar SW 99% Methane, high porosity and permeability level, high connectivity between the sections of the reservoir
Slide 6: Tamar Reservoir Principal Data
Tamar Reservoir Principal Data Gross revenues (100% - $M) 2,000 9.2% 6.5% 8.8% • Increase in revenues as a result of 1,500 consistent increase in demand 1,000 $1,601 $1,749 $1,863 $2,028 500 • Most of the contracts are long-term 0 FY2015 FY2016 FY2017 FY2018 Operating costs (100% Tamar - $M)* 200 •
Slide 7: Sales Distribution Actual and Projected
Sales Distribution Actual and Projected • Quantities – minimum quantities in contracts (Take or Pay) • Prices – linkage to CPI and floor prices (according to the type of agreement) Actual sales distribution: 2018 Sales distribution forecast: 2023* Exports Industry & Exports distribution 13% 9% Indus
Slide 8: Natural Gas Consumption in the Israeli Market
Natural Gas Consumption in the Israeli Market Natural gas consumption in Israel in the years 2004-2018 (BCM) Yam Tethys Egypt Tamar LNG 11.0 10.4 9.7 8.4 7.6 6.9 5.3 5.0 4.2 3.8 2.7 2.6 2.3 1.6 1.2 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Source: The figures for 201
Slide 9: Forecast of the Demand for Natural Gas in the Israeli Market
Forecast of the Demand for Natural Gas in the Israeli Market // Long-term Growth • The Israeli energy sector is undergoing a dramatic 25.0 structural change deriving from a change of the fuel mix 23.1 leading to an increase of the economy’s relative 21.5 advantage 19.6 20.0 • The main increase in de
Slide 10: Growth Engines for the Increase in Demand for Natural gas in the Israeli Market
Growth Engines for the Increase in Demand for Natural gas in the Israeli Market 11 Actual demand in 2018 BCM Increase demand for • Affected mainly by the increase of the population, increase in available income and the rise in standard of living, as well as the 2.1 electricity increase in the uses f
Slide 11: Reduction of the Use of Coal Increase in the Demand for Natural Gas
Reduction of the Use of Coal Increase in the Demand for Natural Gas • The coal consumption in the electricity market sector (as of 2018) is equivalent to the consumption of natural gas in the amount of approx. 5 BCM per year • Assuming full production using natural gas without coal, the gas consumpt
Slide 12: Exhausting the Potential for Local Sales
Exhausting the Potential for Local Sales • Egypt is a market aiming to be a regional Hub, with a total demand of over 80 BCM per year which is not expected to sustainably supply the full demand from domestic sources • Jordan constitutes a market of over 4 BCM per year with no domestic resources(Tama
Slide 13: Potential Sales to the Jordanian Market
Potential Sales to the Jordanian Market • The Jordanian market is expected to consume 4-5 BCM in 2020 • The vast majority of the demand comes from the electricity sector, which mainly relies on natural gas Source: Delek Drilling Investor Presentation of March 26, 2019 Source: Historical Data: IEA; F
Slide 14: Potential Sales to the Egyptian Market
Potential Sales to the Egyptian Market • Demand for natural gas in the Egyptian market in 2020 is expected to be approx. 90 BCM, (local market and existing liquefaction plants) • The natural gas supply has significantly grown in the last few years with completion of the development of the Zohr, West
Slide 15: Tamar Reservoir Production and Expenses Profile
Tamar Reservoir Production and Expenses Profile Projected profile of 2P production from the reservoir – (BCM) 14 • The production is expected to stabilize at a fixed level of 10.4 BCM annually until the 12 completion of the third pipeline connecting 10 the Tamar Reservoir to the platform, and to 8 i
Slide 16: Cash Flow Tamar Petroleum
Cash Flow Tamar Petroleum Revenues • Revenues of 16.75% of the total revenues of the Tamar Reservoir • Royalties to the State* and third parties at a rate of 12.5% and 5.48% , respectively, from – Royalties the wellhead revenues • Operating costs of 16.75% of the total management and operating expen
Slide 17: Thank you
"yr Tamar Petroleum * Thank you