Horizon Petroleum Ltd. · TSXV:HPL
Horizon Petroleum — Investor Presentation (November 2017)
15 slides from Horizon Petroleum's investor presentation, November 2017
Slide 1: European Conventional Gas Corporate Presentation
EUROPEAN CONVENTIONAL GAS TSX-V: C o rp o rate P resen tatio n November 2017
Slide 2: Disclaimer
Disclaimer This Presentation contains certain statements that may be deemed "forward-looking statements". All statements in this presentation, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward looking statements. Such stateme
Slide 3: Horizon Petroleum Limited
Horizon Petroleum Limited Dynamic E&P company targeting conventional, Snapshot TSXV: HPL high-netback gas assets in Europe: Common Shares 37.7 MM • High Value Natural Gas Market Insider Ownership 8% • Experienced, Successful Team Cash $1.7 MM • High Netback, Low Cost Opportunities • Initial Focus on
Slide 4: European Natural Gas – Domestic Supply & Demand
European Natural Gas – Domestic Supply & Demand European domestic production continues to decline European Supply & Demand (Bcf/d) 2012 2015 2017E 2020E • Continued production restrictions at Groningen (Netherland’s largest gas field) expected European Domestic Production 26.5 22.5 21.5 20.0 • Europ
Slide 5: European Natural Gas – Attractive Pricing
30 % in 2016 European Natural Gas – Attractive Pricing Jan 2016 and Nov 2017 POLPX Forecast vs Brent Oil Price 10 70 9 65 8 60 7 55 Natural Gas Price (US$/MCF) Brent (US$/BBL) 6 50 5 45 4 40 3 35 2 30 May-14 May-15 May-16 May-17 May-18 May-19 May-20 May-21 Feb-15 Feb-16 Feb-17 Feb-18 Feb-19 Feb-20 F
Slide 6: The Opportunity – Poland Conventional Natural Gas
The Opportunity – Poland Conventional Natural Gas Conventional Natural Gas Fundamentals: Poland: Gas & Coal Consumption and Production 1,800 140 • Higher pricing than North American gas markets – high netbacks 1,600 • Rising demand and falling domestic production with 120 increasing imports 1,400 10
Slide 7: Growth Strategy
Growth Strategy Establish an operated gas production platform in Europe with assets in Poland and France: • Maintain initial focus in Poland; targeting first gas sales in Q4 2018 / Q1 2019 • Secure additional low-risk, undervalued assets in Europe that can be bought onto production in <2 years • Bui
Slide 8: Poland: San Leon Acquisition Overview
Poland: San Leon Acquisition Overview Poland: Setting the Stage for Growth • Definitive agreements in place to acquire 100% interests Poland in 5 concessions with low work commitments. Closing expected end of Q1 2018 Warsaw • Prolific basins with >3 Tcf discovered and produced in Kotlarka adjacent f
Slide 9: Lachowice Gas Development
Lachowice Gas Development Area 804 sq. km (198,668 acres) Targeted Initial Production 3 MMscf/d Q4 2018 / Q1 2019 Significant Conventional Natural NI 51-101 compliant resource report being Gas Resource prepared Existing Wells 3 (2 re-entry workovers), 4 appraisal wells Lachowice-1 gas discovery well
Slide 10: France: “Enabling” Transaction Established Footprint in Europe
France: “Enabling” Transaction Established Footprint in Europe Horizon operates with 100% working interest in the Ger and Ledeuix exploration licenses in the Aquitaine Basin, SW France France • Ledeuix contains the Saucede discovery drilled in 1979 by ESSO • Flow rates tested up to 21 MMscf/d averag
Slide 11: The Horizon Opportunity
The Horizon Opportunity High Impact, European-Focused Growth Company Poland Acquisition Sets the Stage • Establish an operated gas production platform in Europe with • Initial focus in Poland; targeting first gas sales in assets in Poland and France Q4 2018 / Q1 2019 • Low-cost production and reserv
Slide 12: Senior Leadership Team
Senior Leadership Team Dr. David Winter • Co-founder & CEO of TSXV-listed Excelsior Energy (sold in 2010) President & CEO, Director • Director & co-founder of TSX-listed Canacol Energy Matt Janisch • Co-founder & prior CFO, Legacy Oil + Gas (sold in 2015) Interim CFO, Director • Prior CFO, Bow Valle
Slide 13: Board of Directors
Board of Directors Yogeshwar Sharma • Co-founder, director & former CEO of Hardy Oil & Gas Non-Executive Chairman & Director • Former director of PetroMaroc (TSXV) Dr. Charle Gamba • Co-founder, CEO of TSX-listed Canacol Energy Non-Executive Director • Director of TSX-V listed Ikkuma Resources Harry
Slide 14: Team Track Record
Team Track Record Global reputation for operating and developing complex reservoir systems and building large cap gas and oil businesses by focusing on maintaining low operating costs and driving cost reductions Management and Technical Expertise Board Bring Proven ability to develop gas fields and
Slide 15: Corporate Information
Corporate Information Contact Details: Matt Janisch, Interim CFO matt.janisch@horizon-petroleum.com +1 (403) 975-4941 Scott Koyich, Brisco Capital Skoyich@briscocapital.com +1 (403) 619-2200 Office: Suite 1500, 700 4th Ave. S.W. Calgary, AB, T2P 3J4 CANADA Corporate Website: www.horizon-petroleum.co
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