Jupiter Energy Limited · ASX:JPR
Jupiter Energy — Investor Presentation (May 2008)
30 slides from Jupiter Energy's investor presentation, May 12, 2008
Slide 1: Jupiter grows Almaty management team in preparation for further acquisitions
For personal use only Jupiter grows Almaty management team in preparation for further acquisitions 12 May 2008 The Board of Jupiter Energy Limited (ASX: JPR) is pleased to advise shareholders that the Company has agreed terms with Ole Udsen who will join the Company as Country Manager for its Kazakh
Slide 2: For personal use only
JPR is also now starting to get access to excellent acquisition opportunities. We look forward to completing the Block 31 transaction in early June and the Company expects to sign term sheets covering two more acquisitions during this month. With oil trading at over $US120 per barrel, an early move
Slide 3: Jupiter Energy Limited
JUPITER ENERGY LIMITED
Slide 4: Jupiter Energy Limited May 2008
For personal use only Jupiter Energy Limited (ASX: JPR) May 2008 Corporate Update
Slide 5: Mission Statement
Mission Statement For personal use only Accumulate undervalued niche oil producing assets combined with prospective oil exploration acreage within the territory of the Republic of Kazakhstan www.jupiterenergy.com.au
Slide 6: 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 7: Future Extraction and Export
Future Extraction and Export For personal use only Projections Conversion: 1 ton = 7 bbl
Slide 8: 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 9: What has JPR achieved to date?
What has JPR achieved to date? For personal use only – Recruited experienced Kazakh Director (Erkin Svanbayev) who has set up JPR’s office in Almaty and who is an experienced oil trader, currently exporting over 1m barrels of oil out of Kazakhstan each month – Retained experienced business consultan
Slide 10: JPR Team
JPR Team For personal use only • Geoff Gander (Executive Chairman) – Experienced corporate background and involved in public companies for over 12 years – Responsible for overall management of corporate and investor relations and the day to day running of JPR • Andrew Childs (Non Executive Director)
Slide 11: Erkin Svanbayev
Erkin Svanbayev For personal use only • Erkin is a Kazakh educated Engineer with an oil and gas background in Kazakhstan and extensive upstream and downstream experience. He is currently responsible for the export of over 1 million barrels of crude per month from Kazakhstan and JPR believes that he
Slide 12: Ole Udsen
Ole Udsen For personal use only • 20 years of experience in oil and gas, upstream and downstream • 7 years of experience managing operations in Kazakhstan • Background as deputy managing director for Maersk Oil Kazakhstan and COO of Max Petroleum • Well‐connected in Kazakhstan • Strong background in
Slide 13: Keith Martens
Keith Martens For personal use only • Over 30 years experience in oil & gas • Has worked throughout the world, but predominantly in Canada and Australia • Past companies include Hudson’s Bay Oil & Gas, Marathon Petroleum, Santos, Tap Oil and Bow Energy • Has also consulted to a range of other oil &
Slide 14: Initial Projects
INITIAL PROJECTS For personal use only www.jupiterenergy.com.au
Slide 15: Mangistau Basin in SW Kazakhstan
MANGISTAU BASIN IN SW KAZAKHSTAN For personal use only Main oil fields Oil pipelines Gas pipelines Rail road Caspian Sea www.jupiterenergy.com.au
Slide 16: Mangistau Basin in SW Kazakhstan
MANGISTAU BASIN IN SW KAZAKHSTAN For personal use only Block 31 100 sq km Main oil fields Oil pipelines Gas pipelines Akkar North Ayrantakyr “Block 32” Triassic Oil Jurassic Oil on on trend (14 trend with limited mmbbls reserves) drilling to date www.jupiterenergy.com.au
Slide 17: Block Predicted Prospects
BLOCK 31 PREDICTED PROSPECTS For personal use only Structure Map Top Triassic Predicted Triassic Structures Akkar N NW Zhetybai The current 70s and 80s vintage seismic Top Triassic map hints at Middle Triassic tilted fault blocks traps similar to Akkar N and NW Zhetybai It is likely 3D coverage woul
Slide 18: Block 31 – Play Types
BLOCK 31– PLAY TYPES JURASSIC 4WAY DIP & TRIASSIC TILTED FAULT BLOCKS For personal use only SW 10 km NE 0 Undrilled Prospects Tertiary 1 Cretaceous 2 Jurassic 3 4 Triassic Oil Pools on Trend km www.jupiterenergy.com.au
Slide 19: Block 32 Prospects and Leads
BLOCK 31 (32) PROSPECTS AND LEADS For personal use only Jupiter’s Block 31 Block 32 Prospects and Leads Proposed 3D NW Zhetybay 2 www.jupiterenergy.com.au
Slide 20: Block 32 extension
Block 32 For personal use only • Block 32 will be an extension to Block 31 • JPR has signed an agreement with Zher Munai (current owner of Block 31) whereby they will work with the Government to secure the extension • Success Fee based ‐ $US3.5m for delivery of extension with all/any fees paid to th
Slide 21: New Opportunities
New Opportunities For personal use only • Mangistau Basin – “Block 33” • Pre‐Caspian Basin – “Block 34” • Purchase parameters agreed with binding terms sheets expected to be signed during May 2008 www.jupiterenergy.com.au
Slide 22: Block Technical Facts
Block 33 Technical Facts For personal use only • 3 wells flowed free oil from 5 zones – shows and log anomalies in 3 other wells • 3D seismic defines area of closure and optimum updip production locations • Field has current proved reserves of over 4 mmbbls (p10 of 32 mmbbls) • 2 wells are planned w
Slide 23: Pre-Caspian Structural Framework
Pre‐Caspian Structural Framework For personal use only www.jupiterenergy.com.au
Slide 24: Block Technical Facts
Block 34 Technical Facts For personal use only • 275 sq km permit over the large salt dome which includes a 500 hectare undeveloped oil discovery • Past drilling and 2D seismic have defined a small 2‐5 mmbbls undeveloped oil field • A field review including new petrophysics would result in positioni
Slide 25: Other fields under consideration
Others fields under consideration For personal use only • 2 more in the Mangistau Basin • Several more in the Pre‐Caspian basin www.jupiterenergy.com.au
Slide 26: Credit Crunch in Kazakhstan
Credit Crunch in Kazakhstan For personal use only • Country is currently experiencing a significant credit squeeze • Standard and Poor’s – “Rampant credit growth and an unprecedented construction bonanza have created serious economic imbalance.” : FT May 8 2008 • Many oil permit holders are also exp
Slide 27: JPR Capital Structure
JPR Capital Structure For personal use only • 236m shares on issue • 200m listed options (exercise price of $0.08 and expiring June 2010) • Cash in bank: $A5m • Share price $0.08 (undiluted market cap: $A19m) • Cash Requirements (short term): – Settle on Block 31: $A6m – Block 31 Work Program: $A5m
Slide 28: Why are we here today?
Why are we here today? For personal use only • Board seeking shareholder approval to issue up to 100m shares and 100m options • Shareholder approval for placement will be sought at a general meeting on May 21 2008 • Placement to be completed soon afterwards • Book Build for the placement underway ww
Slide 29: Business Summary
Business Summary For personal use only • JPR believes it has the following key elements that will enable it to become an oil producer in one of the most prospective oil producing countries in the world: – Experienced and well connected board and management – Proven local team: excellent Government a
Slide 30: 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