Navitas Petroleum Lp · TASE:NVPT
Navitas Petroleum Lp — Investor Presentation (May 2023)
17 slides from Navitas Petroleum Lp's investor presentation, May 2023
Slide 1: Navitas Petroleum Investor Presentation May 2023
( NAVITAS EF TROLEUM Investor Presentation May 2023
Slide 2: DCF and resources numbers refer to the Partnership share (NPV10 2P/ 2C) and based
1. DCF and resources numbers refer to the Partnership share (NPV10 2P/ 2C) and based on its NSAI report.
Slide 3: Navitas Offshore Strategy
Navitas Offshore Strategy Mitigating risks and shortening project time to first oil . Investments prior to Navitas farm in e Investments following to Navitas farm in FID Final Investment Decision is) Investment 7Se ae Risk 4 ae Mitigag; NAVAS Tee Farm In Wales Appraisal A Exploration Wells Wells Buc
Slide 4: This slide was prepared for illustrative purposes only and does not reflect the value
1. This slide was prepared for illustrative purposes only and does not reflect the value of the Partnership. 2. Represents discounted after-tax cash flows. 3. The discounted cash flow refers to phases 1 and 2 of the development plan (in its format to date), which amount to approx. 175 million barrel
Slide 5: Navitas share of expected average daily production at plateau
◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ 1 Navitas share of expected average daily production at plateau
Slide 6: Shenandoah - The Game Changer
Shenandoah The Game Changer — development progressing as planned USA Gulf of Mexico $915m Development CAPEX (net) Shenandoah Project Partners BEACON HE The drillship Transocean 4 NAVITAS Deepwater Atlas PETROLEUM $1.8 bn Investment to date (prior to Navitas acquisition) December 2024 Estimated first
Slide 7: Shenandoah workstream timeline 2023-2024
2023 2024 2023 2024 Workstream Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Drilling Drilling 4 Wells BOP Swap BOP Swap Completions Complete 4 wells FPS Engineering, Procurement & Construction Tow, Install Oil Export Engineerin
Slide 8: Buckskin North - Low Risk High Reward
Buckskin North Low Risk High Reward Project Partners LLOG exploration BEACON OFFSHORE ENERGY &. REPsOL Sy, Ridgewood 3 Online Wells 6 producing wells in the future 7.5% Navitas working interest 14 MMBOE 2P (net) Navitas Share $248m Navitas DCF value (2P-NPV10, net) USA Gulf of Mexico June 2019 First
Slide 9: Sea Lion Project - the Next Big Thing
Sea Lion Project - the Next Big Thing A proven and well appraised oil field Falkland Islands 220 km north offshore similar conditions to Central N. Sea $1,893m Navitas DCF value (2C-NPV10, net) 20 Exploration, verification and appraisal wells were drilled 4 NAVITAS PETROLEUM 65% Navitas working inte
Slide 10: The Sea Lion Project
The Sea Lion Project The Next Big Thing Implementing Navitas offshore strategy Farm-in to proven discoveries prior to FID Project Partner 4q NAVITAS PETROLEUM sGENTINA Potential for project expansion Other fields near Sea Lion (14 exploration and appraisal drillings) Sea Lion 4s— \ Creaserce "meas E
Slide 11: Navitas share in the reserves reports (2P)
50000 1200 1200 40000 1000 900 800 30000 600 600 20000 400 300 10000 200 0 0 0 • In accordance with Navitas’ share in the reserves reports (2P).
Slide 12: Discounted cash flow to Navitas vs book value
2000 3000 300 300 1800 2500 250 1600 1400 2000 200 200 1200 1000 1500 150 800 1000 100 100 600 400 500 50 200 0 0 0 0 *בספרים ערך Book value* *בספרים ערך Book value* *בספרים ערך Book value* *בספרים ערך Book value* מהוון לנאוויטס Discounted תזרים cash flow to Navitas לנאוויטס מ
Slide 13: 2000 1600 1200 400 70 800 30 300 50 20 200 30 400 10
80 2000 800 150 70 700 130 1600 60 600 110 50 1200 500 90 40 400 70 800 30 300 50 20 200 30 400 10 100 10 0 0 0 2019 2020 2021 2022 -10 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022
Slide 14: Net Consolidated Financial Debt
Net Consolidated Financial Debt As of December 31, 2022 (in USD thousand) Debentures (Series B) (198,920) 7) Debentures (Series C) (96,056) oe Convertible debentures (Series D) (49,952) 2 Loan for funding the Shenandoah project (23,737) = Loan for funding the Denbury transaction (43,368) . Loan from
Slide 15: Disclaimer
This presentation was prepared by Navitas Petroleum Limited Partnership (hereinafter - “Navitas” or the “Partnership”). This presentation does not purport to be comprehensive or to include all the information, which may be relevant to making an investment decision in connection the Partnership’s sec
Slide 16: Disclaimer (continued)
Furthermore, the data regarding the number of oil barrels that may be produced from each of the Partnership’s assets and the projected cash flows from those assets also constitute forward-looking information, which is based on reports that the Partnership received from an independent appraisers of r
Slide 17: Thank You!
( NAVITAS ITROLEUM Thank You!