Petro Matad Limited · LSE:MATD
Petro Matad — PETEX 2016 Conference, London
35 slides from Petro Matad's conference presentation, Nov 16, 2016
Slide 1: Onshore Frontier Exploration
Mongolia PETEX 2016 CONFERENCE, LONDON Onshore Frontier Exploration
Slide 2: Important Notice and Disclaimer
Important Notice and 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 Compan
Slide 3: Contents and Country Introduction
Photo: Mongolian Parliament Building Contents: Ulaanbaatar, Mongolia • Introduction to Mongolia • Regional Setting and Proven Oil Province • Exploration Database and Petroleum Geology • Play Models and Subsurface Examples • Company History and Timeline • Opportunity Highlights and Conclusion Country
Slide 4: Mongolia
Mongolia Heart of Central Asia Vast: 1.6 Million km2 Neighbored by 2 world economic superpowers High demand Chinese energy market
Slide 5: Petro Matad Acreage
Petro Matad Acreage 3 PSC Blocks Held 100% >60,000km2
Slide 6: Petroleum PSC Blocks
Petroleum PSC Blocks 31 PSC Blocks 25 Awarded 21 Companies Less then half of PSC holders are actively exploring
Slide 7: Analogues in Abundance
Analogues in Abundance • 67% of the China’s total Onshore Oil Reserves (~330 BBbbls) • China’s medium – large oil fields are dominantly found in Rift Basins • Prolific Chinese Rift Basins are directly analogous in Time, Basin Fill and Geometry
Slide 8: Petroleum Infrastructure
Petroleum Infrastructure nn PETROMATAD i —sRefineries Railroad Lines Truck Road Product Pipeline Oil Pipeline Gas Pipeline * Drilled Blocks LZ Petro Matad Group Blocks ZZ) Producing Blocks [Recent Discovery HEE Other PSC Blocks (J mongolian Border RUSSIA 7 ULAANBAATAR_ Proposed Refinery and Pipeline
Slide 9: Mongolian Mid & Down Stream
Mongolian Mid & Down Stream Potential Partnership between Petrovis & Petro Matad in mid & downstream sector. • Having Petrovis as a major shareholder provides Petro Matad a • 1. Domestic production of oil unique a strong position for for future mid- and down stream and gas is of strategic developmen
Slide 10: Acreage Comparison
Acreage Comparison Norwegian North Sea Kenyan EAR Blocks vs vs Blocks IV & V and XX Blocks IV & V and XX Block IV Block IV Block V Block V 200km Block XX Block XX Areal Comparison of Petro Matad Acreage to Norwegian North Sea & East African Rift Oil Province Block Outlines to Scale
Slide 11: Modern Rift Basin Analog
Modern Rift Modern Rift Basin Basin Analog Analog Lacustrine Outcrop Belts Surround the Subsurface Basins Lacustrine Outcrop Belts Surround the Subsurface Basins 150km
Slide 12: Petroleum Geology
Petroleum Geology ü Three stratigraphic Megasequences (MS) are recognized throughout Mongolia. ü MS-3: upper Cretaceous to recent (fluvial-alluvial) ü MS-2: upper Jurassic-mid Cretaceous (fluvial-lacustrine) ü MS-1: upper Carboniferous-Jurassic (fluvial-alluvial-lacustrine) MS3 ü All production to d
Slide 13: Database
Database Blockwide Gravity 4,000km 2D Grid 11,000km2 FTG 4 Strat Cores 2,000+ Samples
Slide 14: Database
Database Blockwide Gravity 4,000km 2D Grid 130km2 3D Cube 12 Expl. Wells 500+ Samples
Slide 15: Outcrop Geology (2010-2016)
Outcrop Geology (2010-2016) • >2,000 Samples • 15kms of measured stratigraphic sections • 20kms structural transects Outcrop Belts and Study Sites
Slide 16: Source Rock
WORLD CLASS LACUSTRINE OIL SHALE: Source Rock Rift Basin - Block IV Igniting Oil Shale • Up to 900m net shale • 3-27% TOC, ave 15.1% TOC Cored Rich Shale Block V • Kerogen Type I & II, max HI = 800-900 • c.0.6 VRo% at outcrop • Potential for oil shale development
Slide 17: Reservoir Rock
Reservoir Rock Extensive Turbidite Assemblages Thick Deltaic Packages Interbedded Fluvial-Lacustrine Sands High porosity fluvial-lacustrine sand systems • Extensive in outcrop • Interbedded with source rocks • Laterally continuous • 10-30% porosity • Clean granitic sediment source, CaCO3 cement
Slide 18: Hydrocarbon Indicators
Hydrocarbon Indicators Block V Block IV • Oil stain in TSC-1 Core hole •Oily fluid Inclusions in BSC-1 Core hole as • Oily fluid inclusions also well as inverted basin outcrop section identified throughout the core Oil Stain Oil Stain
Slide 19: Hydrocarbon Indicators
Hydrocarbon Indicators Block XX •Live oil from DT-4 well, fluorescing under UV light •Shows while drilling in 7/11 DT wells
Slide 20: Proven Play Analogue
Proven Play Analogue Producing Oil Block XX Fields A 5 km B Toson Uul Sub-Basin – Petro-China operated A B C D Block XIX C 10 km D Block XIX Similar Leads in Block XX
Slide 21: Proven Play
Proven Play Proven production in Mongolia comes from fields set up by sealed Normal fault traps. Normal fault traps have been mapped extensively on Block IV and V seismic data. Outcrop Analogue Block V Proven fields - Block XIX
Slide 22: Modelled Mature Kitchens
Modelled Modelled Mature Mature Kitchens Kitchens Predicting Potential Undiscovered Resources in Syn-Rift Play (Sequence MS2) • Basin Modelling and Play Analysis work indicates expulsion of ca. 90 Billion Barrels of hydrocarbons in high graded 6 basins Predicting Potential Undiscovered Resources (12
Slide 23: Stratigraphic Traps and Hybrid Play Upside
Stratigraphic Traps and Hybrid Play Upside
Slide 24: SSS SRR SSSR SES SRRER ER
SSS SRR SSSR SES SRRER ER
Slide 25: Tugrug Basin, Block V
Tugrug Basin, Block V MS-2 MS-1
Slide 26: Central Taats Basin, Block V
Central Taats Basin, Block V MS-2 MS-1 20km
Slide 27: SW Taats Basin, Block V
SW Taats Basin, Block V MS-2 MS-1 30km
Slide 28: Baatsagaan Basin, Block IV
Baatsagaan Basin, Block IV MS-2 MS-1 30km
Slide 29: Baidrag Basin, Block IV
Baidrag Basin, Block IV MS-2 MS-1 15km
Slide 30: Shal Basin, Block IV
Shal Basin, Block IV MS-2 MS-1 75km
Slide 31: Biger Basin, Block IV
Biger Basin, Block IV MS-3 MS-2 MS-1 60km
Slide 32: Growing Diversified Exploration Portfolio with Drillable Prospects
Growing Diversified Exploration Portfolio with Drillable Prospects Biger High graded basins for 2017-2018 drilling campaign Areas for future seismic campaign to Identify & high grade basins/ de-risk leads Notional Leads • 4 basins (with more extensive data coverage) have targets advanced through our
Slide 33: History and Timeline
History and Timeline Basin and Source/Reservoir Phase 1 Play Concepts and Basin Characterization Phase 1 Lead Identification Asset Synthesis & Basin Prioritization Rock Presence Regional Mapping • Focused • Basin • Regional Gravity • Basin Scale Seismic Lead/Prospect • Farmout Process Characterizati
Slide 34: Opportunity Highlights
Opportunity Highlights üFRONTIER Exploration, UNDRILLED Basin Opener Upside, VAST acreage position üWorld Class Source Rocks PROVEN üReservoir and Hydrocarbons PROVEN üNew Seismic and FTG datasets üDrill-ready prospect inventory; two firm wells in 2017 üMore wells and seismic planned for 2018/19 üEn
Slide 35: Thank You
Oanpnanaa NN PETROMATAD Thank You