Jupiter Energy Limited · ASX:JPR
Jupiter Energy — Conference Presentation (September 2012)
22 slides from Jupiter Energy's conference presentation, September 2012
Slide 1: Proven Explorer – Growing Producer
Conference Presentation September 2012 Geoff Gander Chairman/CEO www.jupiterenergy.com Proven Explorer – Growing Producer
Slide 2: Disclaimer
Disclaimer • This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be effected by a variety of variables which could cause actual
Slide 3: Jupiter Energy Limited – Overview
Jupiter Energy Limited – Overview Jupiter Energy is listed on the Australian Stock Share Price and Volume Exchange (“JPR”) and AIM (“JPRL”) 60 1400000 P 50 1200000 Operations in Kazakhstan, managed by an experienced r i 40 1000000 V o 800000 in country team c 30 600000 l u e 20 m Market cap: $
Slide 4: In-Country Management
Board and Senior Management Geoff Gander Alastair Beardsall Baltabek Kuandykov Scott Mison Chairman/CEO NED NED ED / CFO London London Kazakhstan & Co.Sec Australia Board Focused on Business 30 years oil & gas experience; 40 years experience in local Responsible for global Development, Inves
Slide 5: Kazakhstan Oil Sector – Overview
Kazakhstan Oil Sector – Overview Proven Reserves: 30 billion barrels; #11 in world (#6 in terms of natural resources) Daily Production: 1.6 million barrels; #17 in world Foreign Investment: Virtually all Western, Chinese and Russian Oil Majors are present • Chevron, ENI, BG, Total, LUKoil, Shell, Ex
Slide 6: Mangistau Basin – A World Class Oil Basin
Mangistau Basin – A World Class Oil Basin Total reserves for the basin estimated to be in excess of 5bn bbls including two giant oil fields, Uzen and Zhetybai
Slide 7: Block 31 – Large and in proven territory
Block 31 – Large and in proven territory
Slide 8: 4 Oil Discoveries – 100+m Gross Pay Sections
4 Oil Discoveries – 100+m Gross Pay Sections 100 m J-50 J-51 J-52 J-53 4 out of 4 discovery wells Field OWC
Slide 9: Estimated Reserves: 24-37 mmbls
Estimated Reserves: 24-37 mmbls PRMS: Estimated Triassic reserves and resources (Senergy May 2011) after two wells (J-50 & J-52) GOST: Approved Jurassic & Triassic C1+C2 reserves (Kazakh State Reserves Commission): 37 mmbls after four wells
Slide 10: Southern Prospect – Mid Triassic Time Structure
Southern Prospect – Mid Triassic Time Structure East Akkar Oil Field J-55 (currently drilling) J-58: Planned location with mid October spud) Each well tests a potential reserve of ~10 mmbls* The total structure could contain recoverable reserves of ~40 mmbls* Southern Prospect * Internal Estimates
Slide 11: Other Prospects – 60 mmbls of Potential
Other Prospects – 60 mmbls of Potential J-54 prospect - subcrop 40 mmbls* East Akkar Extension Prospect - 20 mmbls* * Internal Estimates
Slide 12: Much exploration potential remains in Block 31
Much exploration potential remains in Block 31 Prospects provide ~100 mmbls* of East Akkar Field: potential • 2P (CPR): 24 mmbls * Internal Estimate • C1+C2 (Kazakh State approval): 37 mmbls
Slide 13: Block 31 - Permit Details
Block 31 - Permit Details EXPLORATION PRODUCTION LICENCE: TRIAL PRODUCTION BLOCK 31 LICENCE: 10 years 27 years for LICENCE: max 3 years (6+2+2) commercial discoveries • Permit issued • First two year • Two wells currently • Can sell minimum December 2006 and extension granted by on TPL and two more
Slide 14: Current Status with Wells
Current Status with Wells • TPL awarded: domestic sales achieved J50 • Currently shut in: ESP to be installed during October 2012 • Expected flow rate post ESP: 150+ bopd • Produced under production testing at 600 bopd J51 • Shut in with TPL under application and approval expected by year end • TPL
Slide 15: Block 31: The Way Forward
Block 31: The Way Forward •Finalise TPL applications for J-51 and J-53 during 4Q 2012 •Drill final commitment well (J-55) and complete 5 well program (results expected 2 H 2012 during Oct 2012) •Drill 2nd exploration well (J-58) •Target exit 2012 with trial production of ~1,400 bopd from the 4 wells
Slide 16: Summary (1)
Summary (1) De-risked Asset Base • 2P reserves of 24.2 mmbls (Senergy May 2011 CPR post J-50 and J-52 wells) • 3 successful exploration wells drilled – all discovering commercial oil (42o API) • Stabilised flow rates from 4th exploration well (J-53) expected in 4Q 2012 • Next CPR reserves report wil
Slide 17: Summary (2)
Summary (2) Attractive Kazakhstan Fundamentals • Attractive tax regime to incentivise foreign investment • Active oil & gas sector driving strong economic growth • Significant international investment in oil (all Western, Russian and Chinese majors present) Licence & Finances • Funding for 2012 work
Slide 18: Contact
Contact Geoff Gander Chairman/CEO Jupiter Energy Limited M: +44 7974 241 412 (UK) M: +7 701 221 8907 (KZ) M: +61 417 914 137 (AU) E: geoff@jupiterenergy.com W: www.jupiterenergy.com : JPR : JPRL
Slide 19: Questions?
Questions? 19
Slide 20: Expert Statements (1)
Expert Statements (1) Triassic Structure (Senergy May 2011 evaluation) • The information in the May 2011 CPR document which relates to independent Triassic oil reserves (1P, 2P, 3P) and prospective resource (P90, P50, P10) is based on information compiled by Senergy Limited, an international oil & g
Slide 21: Expert Statements (2)
Expert Statements (2) Internal Estimations of potential Reserves / Resource • The presentation contains several Company generated estimations of potential reserves/resources subject to future successful drilling. Keith Martens, BSc Geology and Geophysics, with over 35 years' oil & gas industry exper
Slide 22: Definitions
Definitions General: mmbls: Million barrels MMstb: Million barrels at stock tank conditions of 14.7 psi and 60 degrees Fahrenheit STOIIP: Stock tank oil initially in place Recoverable Oil: The stock tank oil-in-place considered to be recoverable, i.e. STOIIP value multiplied by a “the recovery facto
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