Mnp Petroleum Corp · OTC:MNAP
Mnp Petroleum — Investor Presentation (September 2015)
26 slides from Mnp Petroleum's investor presentation, September 2015
Slide 1: MNP Company Presentation
MNP Petroleum Company Presentation September 2015 TSX - V: MNP OTCQB: MNAP www.mnppetroleum.com
Slide 2: Disclaimer
Disclaimer This Presentation contains forward‐looking statements. Forward‐looking statements are projections of events, revenues, income, expenses, future economic performance or management's plans and objectives for future operations. In some cases you can identify forward‐looking statements by the
Slide 3: Who We Are
WHO WE ARE MNP is changing from Exploration to Exploration & Production Focus in Central Asia for: • Exploration • Production Diversified asset portfolio in a basin with proven petroleum system • Low and medium risk plays • Shallow and deep targets (100 m to 5000 m) 3
Slide 4: MNP's Assets
MNP’s Assets Gross Acreage Country E&P Operator Working Interest Blocks/Fields (000’s acres) Tajikistan Exploration Somon Oil 90 % 2 759 Tajikistan Production Petroleum Sugd 37 % 10 62 4
Slide 5: Focus: Fergana Basin
Focus: Fergana Basin Exploration Production • 3074 sqkm acreage (759 000 acres) • 10 producing fields • 1310 km 2D seismic acquired to date • Redevelopment and rehabilitation • Commencement of drilling end Q4 2015 • Upside: appraisal/development, exploration LEGEND Exploration licenses Producing are
Slide 6: Exploration in Fergana Basin
Exploration in Fergana Basin Tajikistan 6
Slide 7: Exploration: Key Wells
Exploration: Key Wells Somon 2011/12 2011/12 Acquisition Acquisition Somon 2010 2010 Acquisition Acquisition Somon 2007 2007 Acquisition Acquisition Non Somon Earlier Acquisition Acquisition West Supetau (exploration) LEGEND TD: 4500 m; TVD: 3550 m Exploration licenses Analogues: Mingbulak and Mahra
Slide 8: Exploration: Kayrakkum Prospect
Exploration: Kayrakkum Prospect Target depth 4700–5000 m, TD: 5200 m Analog: Niazbek-Karakchikum field Paleogene reservoirs 50 km LEGEND Exploration licenses Redevelopment Project Oil and Gas fields Paleogene Niazbek- Primary Karakchikum targets Kayrakkum 8
Slide 9: Exploration: West Supetau Prospect
Exploration: West Supetau Prospect Target depth 3800 – 4200 m; TD: 4500 m Analog: Mingbulak and Mahram • Closest production from same reservoir in Mingbulak (>250 MMBOE reserves) • Closest discovery in same reservoir, however, only partly developed: Mahram West Supetau S N Mahram Mingbulak Russi
Slide 10: Exploration Resources
Exploration Resources Proven petroleum systems • Bordering producing fields as analogues Unrisked Contingent Resources*(Gross / MNP working interest 90%) OOIP Contingent Resources Licenses Mean MMBO Mean MMBOE Northwestern 137.5 31.5 * Contingent Resources are defined as follows: «Contingent Resou
Slide 11: Exploration Project Terms
Exploration Project Terms Production Sharing Agreement (PSA) • Terms confidential • No royalty • 100 % cost recovery • No profit tax • No export limitations • Exploration phase expires July 2017 respectively July 2016 Extension of Initial Exploration Period of each license is possible • 30 years
Slide 12: Conclusion Exploration Fergana Basin
Conclusion Exploration Fergana Basin Licenses: • Connected and forming one large area • Modern seismic acquired 2008 - 2012 • Prospects and leads defined • Three drill ready prospects: First well: Kayrakkum B, down dip of oil and gas field Niazbek Expected spud end Q4 2015 Analogues: • Field
Slide 13: Production in Fergana Basin
Production in Fergana Basin Tajikistan 13
Slide 14: Location of Producing Fields
Location of Producing Fields • 10 producing fields • Fields run down due to lack of: • Upside: technology appraisal & development • 2P reserves: 30+ MMBO investment exploration • Production 2014: 210 bopd • Redevelopment and rehabilitation • Royalty type contract Royalty: 6% Corporate Ta
Slide 15: Producing Fields
Producing Fields Shallow Field Alignment Deep Fields Intermediate Fields Hanging Wall Reservoir N S 500m 0 Ng 500m 1000m Footwall Reservoir Pg K 1500m Msg 2000m Pz N 2500m 3000m 3500m S Oil and Gas fields Leads/Prospects Fields and Licenses 15
Slide 16: Production Potential
Production Potential Increase production through: proper maintenance including investment in new equipment • Starting with current active wells • Using shut-in and abandoned wells (totally 230 wells had produced with initial rates up to about 3500 bopd) Redevelopment of fields Oil Production Rat
Slide 17: Conclusion Fergana Basin
Conclusion Fergana Basin Exploration: • Resource potential Fergana Basin of 4 BlnBO (EIA, USGS); Of which 75 % yet to be discovered • two exploration areas near producing fields Proven petroleum system Subsalt plays at center of basin Fault related structures at the edge of the basin Pro
Slide 18: Financial
Financial 18
Slide 19: Capital Structure
Capital Structure Exchange TSX Venture OTCQB Symbol MNP MNAP Market Capitalization CAD 7.5 million USD 6.2 million Stock Price (Sept. 15, 2015) CAD 0.045 USD 0.04 52 Week Range CAD 0.04 – CAD 0.19 USD 0.02 – USD 0.17 Common Shares (outstanding) 172,592,292 Options (avg. strike price USD 0.24) 12,300
Slide 20: Summary
Summary MNP is changing from Exploration to Exploration & Production Exploration acreage in Fergana Basin, Tajikistan • Proven Petroleum System • High potential prospects • 3 drill ready prospects o First well: end of Q4 2015 Producing assets in Fergana Basin, Tajikistan • Rehabilitation • Redev
Slide 21: Contact Information: MNP Petroleum Corp.
Contact Information: MNP Petroleum Corp. Dr. Werner Ladwein, CEO & President Bahnhofstr. 9, P.O. Box 1259, Peter-Mark Vogel, CFO & Corporate Secretary CH-6341 Baar, Switzerland Tel: +41 44 718 10 30 Email: info@mnppetroleum.com Fax: +41 44 718 10 39 Website: www.mnppetroleum.com (TSX-V: MNP; OTCQB:
Slide 22: Appendix
APPENDIX 22
Slide 23: Corporate Structure
CORPORATE STRUCTURE MNP Petroleum Corporation (USA) 100 % 100 % 100 % Manas DWMPetroleum Energy AGAG DWM Petroleum AG Manas Management Service Ltd. (Switzerland) (Switzerland) (Bahamans) 90 % 100 % 74 % CJSC Somon Oil Gobi Energy TF Petroleum AG Company Partners GmbH (Switzerland) (Tajikistan) (Swit
Slide 24: Management Team
Management Team • Former Head of Exploration and Research of OMV; CEO of various international operations with OMV; E&P Executive Director Petrom Werner Ladwein and member of the Board; Director of several private corporations Chief Executive Officer & President • +30 years experience in the oil & g
Slide 25: Board of Directors
Board of Directors • Founder of MNP • Plays a critical role in targeting, appraising and acquiring the rights Heinz Juergen Scholz to major oil and gas assets in the FSU Chairman of the Board • Experienced in construction of factories and telecommunication networks in the FSU • Former Head of Explor
Slide 26: Board of Directors
Board of Directors • Current Director of Client Solutions for Sanjel Canada and Director of the Society of Petroleum Engineers (SPE) International. • Board Chair for Green Imaging Technologies Inc. • Past Managing Director of St. Brendan’s Exploration Ltd. (Triana Darcy Spady Energy/Columbia Natural
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