Petro Matad Limited · LSE:MATD
Petro Matad — Investor Presentation (June 2019)
23 slides from Petro Matad's investor presentation, June 2019
Slide 1: Corporate Presentation: 2019 Drilling Campaign
C o r p o r a t e P r e s e n t a t i o n 2019 Drilling Campaign
Slide 2: Disclaimer
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 Company’s current views wit
Slide 3: Board of Directors
Board of Directors Chief Executive Officer: Mike Buck ▪ 40 years of international E&P experience including 9 years as COO of Salamander Energy ▪ Proven track record of exploration success in S. America, N. Africa and Asia. Directly involved in the discovery of more than one billion barrels of recove
Slide 4: Corporate Overview
Corporate Overview Petro Matad Limited ▪ London, AIM Listed (MATD), Mongolia focused ▪ Experienced Board and Management Team - Track record of discovering and monetizing oil/gas fields ▪ Large acreage position: 100% working interest in three blocks in Mongolia covering 60,000 km2 - Basins geological
Slide 5: Mongolia Oil Industry Update
Mongolia Oil Industry Update ▪ 26 current PSCs of which 3 in Daily crude production of Mongolia production and 14 inactive or being 30,000 2019 Estimated Actual terminated Average daily crude (Source - MRPAM) production /bopd/ 25,000 (Source - Petro Matad) ▪ Petro Matad the leading explorer 20,000 ▪
Slide 6: Proven Petroleum System in Mongolia and China
Proven Petroleum System in Mongolia and China Russia Recent Discovery Hilar-Tamsag Basin 0.5 Bbbls Rec Kazakhstan Mongolia Oil in shallow boreholes Recent Songliao Basin PETRO MATAD Junggar Basin Discovery 20 Bbbls Rec Proven Petroleum Systems 10 Bbbls Rec Erlian Basin 0.62 Bbbls Rec Santanghu Basin
Slide 7: 2019 Programme - Block XX Near Field Exploration and Appraisal
2019 Programme - Block XX Near Field Exploration and Appraisal View looking North from Heron 1 location into Block XIX and the 19-46 Field Development area 7
Slide 8: Block XX Proximity to Producing Basins
Block XX Proximity to Producing Basins Block XIX Hilar- Tonson-Uul Oilfields Tamsag (~8500 bopd) Block XX Basin Gazelle Erlian Basin Heron Red Deer Aer Sag Wuliyashitai Sag Bayindulan Sag 40km Abei-Anan Sag Oil Fields 8
Slide 9: Latest Mapping Northern Block XX
Latest Mapping Northern Block XX ❑ Mapping/well data show T19-46 oilfield, T19-46-1, T19-46-3 discoveries in Block XIX are part of the same accumulation ❑ This structure clearly extends up-dip into Block XX (the Heron Prospect) as mapped on high quality 3D seismic Petro China Top Tsagaantsav Map (20
Slide 10: Heron-1: Appraisal of T19-46-3 Discovery
Heron-1: Appraisal of T19-46-3 Discovery Block XIX Block XX T19-46 Field DT-4 T19-46-3 Heron-1 Oil recovered on (projected 900m sw) drill-stem test A ~2.2km PetroChina 3D ~1.1km 2D Line 97-19-90 A’ Western Flank of Davsan Tolgoi High TWT (sec) Hangingwall trap against Basement lithologies Primary pr
Slide 11: Heron Prospect and Well Prognosis
Heron Prospect and Well Prognosis 19-46 Field 19-98-1 19-46-1 19-46-3 19-121 Block XIX Block XX Heron-1 Heron Prospect Prospective Resource Estimate in MMbo Mean DT-4 P90 P50 P10 25 11 23 42 ▪ All resource numbers quoted are based on Company’s internal estimates 11
Slide 12: Gazelle-1: Updip of Proven Oil
Gazelle-1: Updip of Proven Oil Block XX Block XIX Gazelle T19-46-1 T19-46 Field B ~4.9km PetroChina 3D ~2.3km B’ TWT (sec) Maximum Time Closure Lower Tsagaantsav Fm (PetroMatad mapping) Primary proven reservoirs are in Lower Tsagaantsav Formation. Reservoir quality improves westwards, favouring Gaze
Slide 13: Gazelle Prospect and Well Prognosis
Gazelle Prospect and Well Prognosis 19-46 Field 19-46-1 19-46-3 Block XIX Block XX Gazelle-1 Prospective Resource Estimate in MMbo Mean P90 P50 P10 13 6 12 22 ▪ All resource numbers quoted are based on Company’s internal estimates 13
Slide 14: Red Deer - Southern Block XX
Red Deer - Southern Block XX Red Deer 1 site under construction. Water supply well drilling 14
Slide 15: Red Deer Prospect - Block XX Southwest
Red Deer Prospect - Block XX Southwest ❑ New basin opening well in Asgat Sag, 100km southwest of existing Petro China operated production ❑ Targeting Early Cretaceous Petroleum System proven in surrounding basins ❑ Outcrop and shallow borehole data confirm presence of oil prone source rocks ❑ Basin
Slide 16: Red Deer Prospect and Well Prognosis
Red Deer Prospect and Well Prognosis Top Lower Tsagaantsav Fm Equivalent Depth Map Red Deer-1 Prospective Resource Estimate in MMbo Mean P90 P50 P10 48 20 43 82 Prospect Outline Well Location CI: 25m subsea depth ▪ All resource numbers quoted are based on Company’s internal estimates 16
Slide 17: Asgat Basin Upside
Asgat Basin Upside Red Deer {e) 2D Line 11-20-23 ‘» NNE SSW TWT (sec) Jarge Fan Body, |) Against’ © Basement High | Late Gréetaceous and younger Upper Zuunbayan Fn SW Lower zutinbayan em Upper isagaantsay Fm Ml Lower TsagaantsavFm » Basement :
Slide 18: Block XX Rapid Commercialisation Potential
Block XX Rapid Commercialisation Potential Tolson Uul CPF Southern oil export trucking road 19-46 oilfield ▪ Heron/Gazelle c.20km south of Block XIX Central ▪ Block XIX electrical power supply and intra-field Processing Facilities (CPF) roads in place as far south as 19-46-3 (1.1km from ▪ Spare ulla
Slide 19: 2019/2020 Block XX Work Schedule and Economics
2019/2020 Block XX Work Schedule and Economics A M J J A S O N D J F M A M J J A S 12341234123412341234 12341234123412341234 2019 2020 Block Activity Q2 Q3 Q4 Q1 Q2 Q3 A M J J A S O N D J F M A M J J A S XX Seismic Reprocessing Re-interpretation/mapping Drilling Location Definition Permitting/Contra
Slide 20: Block V Exploratory Drilling in the Taats Basin
Block V Exploratory Drilling in the Taats Basin 2018 Snow Leopard 1 drilling operations 20
Slide 21: Block V – Raptor Trend
Block V – Raptor Trend A Snow Leopard 1 A’ 21
Slide 22: Velociraptor Prospect - Block V
Velociraptor Prospect - Block V ❑ Anticlinal closure over thick depocentre ❑ Source intervals in Snow Leopard 1 thicken to South. Short vertical migration pathways into Raptor Trend ❑ Shallow, good quality, sandstone reservoirs seen in Snow Leopard 1 likely sourced from basin bounding fault scarp to
Slide 23: Conclusions
Conclusions ▪ Fully funded for the 2019 drilling programme ▪ Two wells spudding in July 2019 Programme – Block XX ▪ Three well programme. Two of which are in Mongolia’s main oil producing basin ➢ Heron 1 appraising the T19-46-3 structure proven productive on adjacent Block XIX ➢ Gazelle 1 updip of p