3d Energi Limited · ASX:TDO
3d Energi — 3D Oil — Investor Presentation (August 2012)
13 slides from 3d Energi's investor presentation, Aug 15, 2012
Slide 1: Strategic Relationship with Hibiscus Petroleum
For personal use only VIC/P57 Strategic Relationship with Hibiscus Petroleum Corporate Presentation 15 August 2012
Slide 2: Disclaimer
Disclaimer For personal use only Important Notice This presentation contains certain statements which may constitute “forward-statements”. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to
Slide 3: Transaction Highlights
For personal use only Transaction Highlights • 3D Oil and Hibiscus Petroleum Berhad (“Hibiscus”) have entered into a strategic relationship to develop 3D Oil’s Gippsland acreage • Hibiscus will contribute up to a maximum of A$29.0m to develop VIC/P57: 1. Acquire 50.1% in VIC/P57 in exchange for fund
Slide 4: Strategic Rationale for 3D Oil
For personal use only Strategic Rationale for 3D Oil A$2.0m Subscription provides 3D Oil with working capital 1 Secures funding Up to A$27m Farm-in provides capital to commence drilling Hibiscus management has strong operational experience in exploration, development and production of oil proj
Slide 5: Ownership Structure
Ownership Structure Hibiscus will subscribe for approximately 31 million 3D Oil shares. For personal use only • Hibiscus will subscribe for 30.96m shares, or Post Transaction – ownership structure 14.99% of the current 206.56m shares outstanding Existing 3D Oil • At transaction completion, there wil
Slide 6: Transaction details – Subscription
Transaction details – Subscription Subject to shareholder approval, Hibiscus will subscribe for 30.96m shares in 3D Oil Following completion, Hibiscus will hold approximately 13% of 3D Oil’s issued share capital For personal use only Subscription funds of A$2.0m will be deposited with 3D Oil f
Slide 7: Transaction details – Farm-in
Transaction details – Farm-in Hibiscus will acquire a participating interest of 50.1% in VIC/P57 For personal use only In consideration, Hibiscus will contribute up to A$27.0m to develop VIC/P57 Farm-in Funds will be used to initiate the development program for West Seahorse field, which invol
Slide 8: Development option
Development option A development strategy has to be finalised. An offshore development is being For personal use only explored, as it may provide a more timely path to production. Overview MOPU illustration – Santos Maleo - Indonesia • A mobile offshore production unit (“MOPU”) and a FSO/Storage Tan
Slide 9: Indicative Timeline
Indicative Timeline 3D Oil and Hibiscus are targeting development of West Seahorse over the next 24 For personal use only months. • Subscription Agreement signed August • Farm-in Agreement signed 2012 • Joint Operating Agreement in agreed form Late • Subject to an ASX waiver in respect of the grant
Slide 10: Incoming Board member
Incoming Board member 3D Oil will welcome Dr. Kenneth Pereira, MD of Hibiscus, to join its Board of For personal use only Directors Experience: Dr. Kenneth Pereira is the MD of Hibiscus. He has 22 years’ experience in the oil and gas industry (both services and exploration and production). Dr Pereir
Slide 11: Hibiscus Petroleum – Company Overview
Hibiscus Petroleum – Company Overview The first Malaysian O&G exploration and production company listed on the Main For personal use only Market of the Malaysian stock exchange Share price performance • Hibiscus was listed on the Kuala Lumpur stock MYR exchange (HIBISCS) as a Special Purpose Acquisi
Slide 12: Hibiscus Petroleum – Company Overview (cont.)
Hibiscus Petroleum – Company Overview (cont.) Having raised MYR235m in its IPO in July 2011, Hibiscus has generated substantial For personal use only shareholder value with a current market capitalisation of c.MYR800m Business strategy Hibiscus Shareholder Base @ IPO in July 2011 Proven undevelope
Slide 13: Hibiscus Petroleum - Management team
Hibiscus Petroleum - Management team For personal use only Chief Financial Officer – Joyce Head of Petroleum Engineering – Managing Director – Dr. Kenneth Pereira Vasudevan Dr. Pascal Hos Experience: 22 years’ experience in the oil and Experience: More than 20 years finance and Experience: Previous