Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (February 2023)
17 slides from Petro Matad's investor presentation, February 2023
Slide 1: High Impact Oil Exploration and Renewable Energy Potential
Corporate Presentation 2023 High Impact Oil Exploration and Renewable Energy Potential
Slide 2: Disclaimer
Disclaimer • This presentation has been prepared by Petro Matad Limited (the Company) and is for information purposes only. • Some statements contained in this presentation or in documents referred to in it are or may be forward-looking statements. Such statements reflect the Company’s current views
Slide 3: Petro Matad Board of Directors
Petro Matad Board of Directors Chief Executive Officer: Mike Buck • 40 + years of international E&P experience including 9 years as COO of Salamander Energy • Proven track record of exploration success in S. America, N. Africa and Asia. Directly involved in the discovery of more than one billion bar
Slide 4: Petro Matad: Mongolia's Leading Independent Oil Company
Petro Matad Mongolia’s Leading Independent Oil Company Two PSCs with Government of Mongolia AIM Listed (MATD) 100% working interest and ownership Mongolia focused oil company with experienced Block V Exploration Licence, Block XX Exploitation Board and Management Team Licence only the third ever awa
Slide 5: Our Assets
Our Assets Block V Block XX Wildcat Exploration with large resource Development, appraisal, exploration. Adjacent to potential, very high impact, low cost. Snow Mongolia’s main oil producing area. Heron field Leopard 1 proved an active petroleum system. & Gazelle discovery with exploration upside Tu
Slide 6: Mongolia Oil Industry
Mongolia Oil Industry Government fully supportive of domestic oil industry • Mongolia’s average daily crude production in 2022 was 6,981 bopd1. Operations impacted by COVID-19 Mongol Refinery capacity • Petro China operates 95% of country’s production which is trucked to Chinese refineries • Mongoli
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 • Exploitation Licence secured – tenure for 25 years+ Oil discovery • Heron
Slide 8: Block XX Exploration & Appraisal
Block XX Exploration & Appraisal Low-cost exploration upside • Gazelle discovery adjacent to Heron Field Heron-1 • Total resource potential 500 MMbo in place. 100 to 200 MMbo recoverable¹ • Proven reservoir sections mappable up-dip towards southern basin margin 218km² exploitation area • Entire exte
Slide 9: Block V: Low cost, high impact exploration
Block V: Low cost, high impact exploration Working interests, operatorship, tenure • Petro Matad holds 100% working interest and operates Block V • Exploration Licence runs until 29th July 2024 Proven petroleum system • 2018 Snow Leopard 1 with good oil shows • Large, shallow prospects with multiple
Slide 10: Block V – Raptor Trend
Block V – Raptor Trend • Four prospects defined along southern margin of Taats Basin • Inversion 3-way dip stacked closures against basin edge fault system • Reservoir fan systems generated along basin margin faults • Total recoverable resource potential ~580 MMbo1 Mean unrisked Active petroleum sys
Slide 11: Block V – Velociraptor Prospect
Block V – Velociraptor Prospect Low-cost, high impact exploration opportunity Mid-Cretaceous Unconformity Depth Map • Stacked reservoir targets all within closure below Snow Leopard-1 Mid-Cretaceous Unconformity at c.600m • Velociraptor approx. 200 MMbo1 recoverable A’ resource potential. Total dept
Slide 12: 2022/23 Exploration Block Tender Round
2022/23 Exploration Block Tender Round • Regulator has announced the first Tender Round in Mongolia since 2016. 14 Exploration Blocks on offer in three phases, first 5 blocks (red outline) now available, the rest to follow during 2023 • Average block size >17,600 km 2 including near field potential,
Slide 13: Mongolian Current Energy Mix
Mongolian Current Energy Mix Mongolia Energy Generation Landscape1 • Total electricity generation 9,775 GWh • 19% of total demand is imported – 1.9 GWh • 81% of total demand from domestic generation 7,110 GWh (90%) from coal fired power stations 803 GWh from renewables Supply/Demand Growth 2015-
Slide 14: Mongolian Renewables Energy Opportunity
Mongolian Renewables Energy Opportunity Opportunities Wind: 2,550 TWh/yr potential 2,3 • Huge potential for sector growth given: >7 TWh/yr solar and wind potential3 China’s total electricity generation 8,310 TWh/yr in 2021 Top quartile solar potential globally Access to vast areas of land fo
Slide 15: SunSteppe Renewable Energy JV
SunSteppe Renewable Energy JV Joint Venture being established between SunSteppe Energy and Petro Matad in 1Q23 • SunSteppe: Proven project developer in Mongolia. Worked on PV, wind and first utility scale battery storage • Majority Mongolian team led by Zula Luvsandorj, a leading figure in the Mongo
Slide 16: Summary
Summary Velociraptor drilling tests significant recoverable resource potential of ~200 MMbo at low-cost Follow on potential along trend of similar resource scale Participation in 2022/23 Mongolian Exploration Tender JV set up combining experienced renewables developer and Petro Matad’s project execu
Slide 17: Thank you
Thank you General Enquiries: admin@petromatadgroup.com Twitter: @Petro_Matad LinkedIn: Petro Matad Limited 17