Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (November 2017)
21 slides from Petro Matad's investor presentation, November 2017
Slide 1: Mongolia: Under-Explored, Highly Prospective, Low Cost Onshore Oil
MONGOLIA UNDER-EXPLORED, HIGHLY PROSPECTIVE, LOW COST ONSHORE OIL November 2017
Slide 2: Important Notice and Disclaimer
IMPORTANT NOTICE AND 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 Compan
Slide 3: Highlights: High Impact, Low Cost
HIGHLIGHTS High Impact AIM listed, Mongolia focused Petro Matad About to embark upon a high impact 3-6 well drilling campaign with Low Cost transformational potential Portfolio of drilling targets ranging from groundbreaking frontier exploration and basin opener wells to prospects with high chance o
Slide 4: Petro Matad Board of Directors
PETRO MATAD Board of Directors • Chair-person: Enkhmaa Davaanyam 20 years of energy, mining and infrastructure project management, CEO of Petrovis Group • CEO: Mike Buck 38 years of upstream E&P experience. Proven track record of exploration success in S. America, N. Africa and Asia directly involve
Slide 5: Strategy
STRATEGY Establish Petro Matad Evaluate and as a pursue sustainable undeveloped E&P company Secure additional Mongolian oil exploration fields Execute 3-6 well drilling acreage Define and program High-grade drill targets Success Growth Returns Complete 3D/2D seismic survey. Seek a farminee Bring dis
Slide 6: Technical Details
TECHNICAL DETAILS Photo overlooking a portion of the Taats Basin in Block V Just ONE of 12 prospective basins in Petro Matad’s Western Acreage MONGOLIA COUNTRY UPDATE 2017 NOV PAGE PETRO MATAD 6 6 // PAGE
Slide 7: China: The Proven & Prolific Analog
CHINA: THE PROVEN & PROLIFIC ANALOG Resource Estimate References: • The Cretaceous play and the Recent Discovery exploration potential of the East Gobi Basin, Mongolia. 2015. Qin Et Al. Hilar-Tamsag Basin • Analysis of the distribution of onshore 0.6 Bbbls Rec sedimentary basins and hydrocarbon pote
Slide 8: Extensive Exploration Database
EXTENSIVE EXPLORATION DATABASE • 4 Strat Cores (3500m core) • Blockwide Land Gravity • 3,000+ Outcrop Samples • 11,000km2 FTG + HRAM • 4,000km 2D seismic (2010-2016) • Ongoing 220 km2 3D Seismic (2017) MONGOLIA COUNTRY UPDATE 2017 NOV PAGE PETRO MATAD 8 8 // PAGE
Slide 9: Proven Petroleum Systems Blocks IV/V
PROVEN PETROLEUM SYSTEMS BLOCKS IV/V •Oily fluid Inclusions in BSC-1 core •Proven as well as outcrop sections in Block IV working petroleum system Oil stain, fluid inclusions & BSC-1 Core micro-seeps` Oil Stain Outcrop Section MS-2 Source + Reservoir Outcrops Source & Reservoir Source & Reservoir So
Slide 10: Operating Environment
OPERATING ENVIRONMENT Wide open country, easy to operate, minimal above ground risk 2015 2D Seismic Camp 2015 2D Seismic Acquisition MONGOLIA COUNTRY UPDATE 2017 NOV PAGE PETRO MATAD 1010 // PAGE
Slide 11: Resource Estimates (Petro Matad Internal Estimates)
RESOURCE ESTIMATES (PETRO MATAD INTERNAL ESTIMATES) Current Portfolio: 55 Prospects and Leads • 90+ Bbo Expelled Average Prospect Size: Basin Potential • 15-30 Bbo Trapped 40 MMbo Recoverable • 3-10 Billion Recoverable Minimum economic field size c.10-20 MMbo Recoverable ($50 oil) • 2.2 Billion Rec
Slide 12: Drill Ready Prospects: Falcon Prospect
DRILL READY PROSPECTS (PETRO MATAD INTERNAL ESTIMATES) TUGRUG Basin Falcon Prospect 40MMbo Recoverable TSC-1 Core S Follow up potential N • 6 prospects/leads within 10km radius of Falcon • 150 - 400MMbo Rec Live Oil Stain potential 4 km • 17 km2 Closure Compartmentalized • 3,300m – 4,000m TD • 40 MM
Slide 13: Drill Ready Prospects: Snow Leopard Prospect
DRILL READY PROSPECTS (PETRO MATAD INTERNAL ESTIMATES) Snow Leopard Prospect 90MMbo Recoverable TAATS Basin W E • 6 km2 Closure Follow up potential • 3,250m TD • 13 prospects/leads • 90 MMbo Recoverable High energy facies within 35km radius Mapped Target Potential Upside Interpreted as turbidite fan
Slide 14: Drill Ready Prospects: Wild Horse Prospect
DRILL READY PROSPECTS (PETRO MATAD INTERNAL ESTIMATES) Wild Horse Prospect 150MMbo Recoverable BAATSAGAAN Basin SW NE Follow up potential • 14 prospects/leads Amplitude Anomaly within 100km radius of Wild Horse 2 km • 500 - 900MMbo Rec potential • 20 km2 Closure • 1,800m TD • 150 MMbo Recoverable 5
Slide 15: Adjacent to Production
ADJACENT TO PRODUCTION MONGOLIA COUNTRY UPDATE 2017 NOV PAGE PETRO MATAD 1515 // PAGE
Slide 16: Low Risk Exploration/Appraisal
LOW RISK EXPLORATION/APPRAISAL • Northern Block XX is the site of Petro Matad’s initial exploration efforts 2008-2011 • Extension of Petro China’s proven producing fields as yet untested • Prospects and extensions of proven, producing oil accumulations cross the block boundary from Block XIX into Bl
Slide 17: Running Room in the Portfolio and the Country
RUNNING ROOM IN THE PORTFOLIO AND THE COUNTRY 63,000 km2 of Stressed or Willing to Partner Immediate Interest License Holders with Recent Exploration Licenses Discoveries MONGOLIA COUNTRY UPDATE 2017 NOV PAGE PETRO MATAD 1717 // PAGE
Slide 18: Commercial Details
COMMERCIAL DETAILS MONGOLIA COUNTRY UPDATE 2017 NOV PAGE PETRO MATAD 1818 // PAGE
Slide 19: PSC Status and Main Fiscal Terms
PSC STATUS AND MAIN FISCAL TERMS Blocks IV and V • Current exploration phase ends mid 2019. Further 2 year exploration extension available • The first well drilled in 2018 will more than meet the remaining exploration commitment on the PSCs Block XX • Final exploration extension to 2020 (or 2021) is
Slide 20: Conclusion
CONCLUSION Low Cost, Onshore, Frontier Exploration with better than a Frontier Chance of Success • Mongolia offers one of the last frontiers for low cost, onshore oil exploration capable of yielding giant discoveries Attractive Economics in the Success Case • Excellent fiscal terms • Low cost, high
Slide 21: Thank You
баярлалаа Thank You MONGOLIA COUNTRY UPDATE 2017 NOV PAGE PETRO MATAD 2121 // PAGE