Slide 1: Corporate Presentation October 2015
Corporate Presentation October 2015
Slide 2: Forward Looking Statement
TSV.V:LET Forward Looking Statement In the interests of providing Letho Resources Corp. (“Company”) shareholders and potential investors with information regarding the Company, including the Company’s assessment of its and its subsidiaries’ future plans and operations, certain statements included in
Slide 3: Overview
TSV.V:LET Overview Letho Resources Corp: a Canadian based independent oil and gas company with operations in the Republic of Namibia. Letho Objective: To find and develop oil and gas projects able to fit the paradigm of: • Low Cost • Low Risk www.lethoresources.com 3
Slide 4: Core Principles
TSV.V:LET Core Principles The Strategy: • Exploit opportunities with conventional operational expertise and effective cost measures, utilizing the latest proven technology. • Complement with synergistic higher-reward targets that can be evaluated in combination with the low risk program. Combine L
Slide 5: Letho Oil and Gas Projects
TSV.V:LET Letho Oil and Gas Projects Signed a letter of intent with Incan Energy Inc. whereby the parties have agreed to negotiate the definitive terms of an agreement for Letho to acquire all of Incan's working interest in certain Namibian Onshore Oil and Gas Licenses. Incan currently owns a 75
Slide 6: Namibia Basin Projects
TSV.V:LET Namibia Basin Projects Project Location: Owambo Basin & Waterberg Basin Block Working Working Interest Holders Number Interest Letho Resources Corp. 73% Evmaco Investment and Construction Pty Ltd. 2018 4% Existing Shareholders of Methacarb Investments Pty Ltd. 23% Bond paid in 1st quarte
Slide 7: Why Namibia ?
TSV.V:LET Why Namibia ? Large onshore and offshore sedimentary basins Live petroleum systems All Basins are under or non-explored Large exploration blocks and concessions open and available Operational friendly geographic and business environment Modern and available open geological data
Slide 8: Namibia: Geopolitical
TSV.V:LET Namibia: Geopolitical Modern Fiscal Regime: Modern energy legislation with very favorable oil and gas fiscal terms No signature, discovery, or production bonuses All petroleum exploration items imported duty free Oil companies exempt from non-resident shareholder’s tax Immediat
Slide 9: Namibia Oil Basins
TSV.V:LET Namibia Oil Basins www.lethoresources.com 9
Slide 10: Owambo Basin - History
TSV.V:LET Owambo Basin - History Owambo Basin: 5 Key Indicators exist that an active Petroleum System is present. (Source Rocks, Reservoir Rocks, Hydrocarbon traps & Seals. Owambo Basin: Numerous oil seeps in south-western part of the basin + flammable gas from local water wells. Owambo Basin:
Slide 11: Petroleum System Overview
TSV.V:LET Petroleum System Overview Source Rock Marine Shales present throughout basin in adequate thickness and TOC Hydrocarbon Indicators from surface geochemical sampling and cuttings. Well 5-1A Recovered 29° API oil from shut-in wellbore Hydrocarbon Indicators in outcrop fluid inclusions
Slide 12: Petroleum System Overview
TSV.V:LET Petroleum System Overview Reservoir Rocks Enhanced porosity of fractured and dolomitized Otavi Carbonates Well 5-1A encountered carbonate matrix porosity between 8-15% and 20-25% in fracture zones. Zones of lost circulation is several wells illustrate the sandstones of the Mulden Gro
Slide 13: Exploration History - Owambo
TSV.V:LET Exploration History - Owambo 2,900 KM vintage 1964-1991 seismic data Only 5 deep and shallow wells in the entire basin (288,000 SQ. KM) No Wells drilled to the primary hydrocarbon target Well 5-1A had good live oil shows Surveys acquired throughout the Basin: Detailed Gravity
Slide 14: Preliminary Work Plan
TSV.V:LET Preliminary Work Plan 3rd Quarter 2015 Budget (US$) Data acquisition & geophysics Annual licence fee $400,000 4th Quarter 2015 Reprocess existing 2D seismic data $200,000 1st Quarter 2016 Acquire and delineate target for 3D seismic using passive $4,000,000 tomograghyin the Owamba and
Slide 15: Preliminary Work Plan Cont’d.
TSV.V:LET Preliminary Work Plan Cont’d. 3rd Quarter 2016 Interpret new 3D seismic data and tie to older seismic data $400,000 Annual licence fee 3rd Quarter 2016 Prepare drilling of two new Exploratory Wells $100,000 4th Quarter 2016 Drill Exploratory Well 1 - 4,000 Meters TD $5M - $15M 1st
Slide 16: Owambo Basin Concessions
TSV.V:LET Owambo Basin Concessions EPL Area 1& 2 ~ ,1,976,412 acres Covering blocks inside the Owambo Basin Cost estimate ~ N$ 1.1 million/Annum Licenced period 4 years www.lethoresources.com 16
Slide 17: Owambo Basin Concessions
TSV.V:LET Owambo Basin Concessions www.lethoresources.com 17
Slide 18: Gas Exploration - 2018
TSV.V:LET Gas Exploration - 2018 Gas Concession 2018 www.lethoresources.com 18
Slide 19: Management
TSV.V:LET Management Robert Hall, BEd – President & CEO, Director Mr. Hall brings over 10 years’ experience in management in both public and private companies to Letho Resources. He is an active director of Stream Oil and Gas, which is an Albanian oil and gas producer. Over the last 7 years, Mr. H
Slide 20: Management Cont’d.
TSV.V:LET Management Cont’d. Kyle Stevenson, BCom — Director Mr. Stevenson is the owner and President of Stevenson & Associates IR, a full-service investor relations firm specializing in raising money and marketing for early stage companies (since April 2007); Currently the President/CEO of Seaway
Slide 21: Technical Team
TSV.V:LET Technical Team Dr. Sotirios Kapotas, Ph.D., — Senior Technical Geological Advisor Dr. Sotirios Kapotas, Ph.D., Geophysics serves as the Chairman at Stream Oil & Gas Ltd., and has been its Chief Executive Officer and President since April 2008. Dr. Kapotas served as President and Chief Ex
Slide 22: Share Structure
TSV.V:LET Share Structure Symbols: • TSX.V: LET Capital Structure: Issued and Outstanding: 4,724,236 Warrants: (average price of $0.00) 0 Options: 0 Fully Diluted: 4,724,236 *Data as at May 31, 2015 www.lethoresources.com 22
Slide 23: Contact Letho
TSV.V:LET Contact Letho To discuss how these ideas and insights could benefit you, please contact: Robert Hall – President & CEO (604) 999-5554 C rthall@lethoresources.com Brian Morrison – CFO & Director (604) 669-2151 O (604) 312-6910 C bmorrison@lethoresources.com www.lethoresources.com 23