The Anasuria Cluster A key asset in our Portfolio Balancing Strategy Before proceeding to read further, please refer to the Disclaimer section of this presentation. Hibiscus Petroleum Berhad
Production in the North Sea, UK A balanced portfolio of producing assets with significant upside The Anasuria Cluster Norway Asset Name: Anasuria Cluster, comprising: Cook (38.6%) Producing Field Cook Anasuria COOK Cluster Teal…
Anasuria Cluster, UK Key milestones towards completion of the transaction Total Purchase Consideration Stage Consideration (Hibiscus Share) Est. Timing USD 105m (USD 52.5m Hibiscus share) SPA Signed USD 4m Aug 2015 Funding Mechanism…
Anasuria Cluster, UK A common infrastructure for all producing wells and future development Cook Field Anasuria FPSO Kite Discovery Teal Field Guillemot A 40.4 MMstb Field Teal South 2P Oil Reserves1 Field 27.9 Bscf 2P…
Anasuria Cluster, UK Low to medium risk opportunities to create value Opportunities based on identified future in-field incremental Current Reserves1 Estimates and Production developments, an existing discovery and exploration…
Anasuria Cluster, UK Merits of the transaction Significance of the Anasuria Cluster upon completion of the transaction The achievement of a milestone in our Portfolio FIRST PRODUCING ASSET Balancing Strategy Expands Hibiscus…
Anasuria Cluster, UK Ownership of the Anasuria FPSO and existing infrastructure 200 people* are currently working on the day to day operations Plan to maintain existing contractors/crew to maintain smooth operation during…
Anasuria Cluster, UK Ownership and Operating Structure Ping Petroleum Anasuria Hibiscus UK Limited* UK Limited** 50% Co-owners 50% 61.34% Physical office in Aberdeen, Ithaca Energy Board Members (Ping, Hibiscus) 100% 100%…
Anasuria Cluster, UK Anasuria Operating Company Business Plan Year Year Year 1 2-4 5+ PHASE 1 : INCREASE PROFITABILITY PHASE 2 : MAXIMISE NEW PHASE 3 : EXPAND Increase Uptime INVESTMENTS IN EXISTING FIELDS PORTFOLIO IN NORTH…
Anasuria Cluster, UK Collaboration with an Experienced Management Team BOD Representatives Seasoned upstream offshore oil and DR KENNETH PEREIRA MD of Hibiscus, Former MD of Interlink Managing Director gas professionals, with…
Anasuria Cluster, UK Asset acquisition and due diligence advisors and authorities Exclusive Negotiations Reserves Certification & Legal Advisor with Shell & ExxonMobil Valuation Due Diligence Due Diligence Facilities &…
Petroleum Economics Increasing Commerciality Low High Low Undiscovered - Discovered Discovered Prospective Resources Contingent Resources Reserves Range of Certainty High Estimate 3C 3P Best Estimate 2C 2P Low…
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