Shamaran Petroleum Ltd. · OSL:SNM
Shamaran Petroleum — SpareBank 1 Energy Conference (February 2021)
8 slides from Shamaran Petroleum's conference presentation, February 2021
Slide 1: SpareBank 1 Energy Conference
SpareBank 1 Energy Conference Adel Chaouch, Ph.D., P.E. SHAMARAN www.shamaranpetroleum.com petroleum corp
Slide 2: 2020 Highlights
2020 Highlights TSX.V: SNM; Nasdaq First North Growth Market: SNM 40MM 40 million barrels produced from Atrush to December 2020 45.5K Year on Year Production increase 2020 vs. 2019 (32.5K bopd) 80% 2020 CAPEX Reduction, Strategic response to global challenges 31% US$/boe Lifting Costs Reduction - $7
Slide 3: Shamaran in Kurdistan
Shamaran in Kurdistan ShaMaran is an E&P company active in Kurdistan region Atrush Location Kurdistan’s oil industry now well established • Significant reserves and resources • Largely stable political situation • Export route to Mediterranean via Turkish port of Ceyhan ShaMaran has 27.6% interest i
Slide 4: Atrush - Delivering on Planning
Atrush - Delivering on Planning Deliver Full Asset Value Position to Deliver Value 2021+ Debottleneck & Mature 2021 Resource Base 2019-2020 Implement development plan Start-up Return to normal operations Capacity following COVID impact Drill and complete additional production wells 2017-2018
Slide 5: 2021 Guidance
2021 Guidance • Atrush field gross average daily production expected to range from 39,000 barrels of oil per day (“bopd”) to 44,000 bopd • Expected to generate quarter-on-quarter production growth with increasing contribution of heavy oil • Atrush capital expenditures for 2021 at US$53.2 million (55
Slide 6: Successful Amendment of ShaMaran Bonds
Successful Amendment of ShaMaran Bonds Liquidity shortfall successfully resolved in July 2020 with bondholders: • Funds from full drawdown of Liquidity Guarantee (provided by Nemesia Sárl, Lundin family trust entity) that timely paid in full July 2020 bond interest and remaining funds supported time
Slide 7: ESG
ESG www.shamaranpetroleum.com/company/esg/ Environmental Focus • Proper disposal of all produced water • Effective waste management program • Timely remediation of all impacted locations • Plan to eliminate flaring and emissions via gas sweetening project Social Focus • staff localisation levels cur
Slide 8: Cautionary Statements to Readers
Cautionary Statements to Readers This presentation contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as legal and political risk, civil unrest, general econom
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