Securing Sustainability Before proceeding to read further, please refer to the Disclaimer section of this presentation. R1 Hibiscus Petroleum Berhad
Section 1 Introduction 1
About Us HIBISCUS SOUND BUSINESS ETHICS Committed to high standards of corporate governance and building a business based on a PETROLEUM strong technical and commercial foundation. IS MALAYSIAS TOWARDS A BALANCED PORTFOLIO OF…
Vision and Mission Creating a sustainable and growing business To be a Respected Vision Independent E&P Company 2011-2016 100 MMbbls 2P/2C Reserves 10,000 bbls/day production Mission Advancing assets from Exploration to…
Delivering our mission Foundation Strengths Target Seasoned Proven success and expertise in the upstream industry Management Team Enterprising culture with an entrepreneurial spirit Business Diversity in nationality, skillsets,…
Section 2 Seasoned Management Team 5
A Stable and Experienced Team with Proven Success A constellation of senior industry BOARD OF MANAGEMENT professionals with more than 250 years DIRECTORS TEAM experience in the upstream business Skills and experience from a range…
Section 3 Knowledgeable and Loyal Shareholders 7
Shareholder Base 17.8% No of Shares % of Management (in million) Shares Shareholder Profile held IPO Current Current RM 0.83 83.61 168.57 17.82% Management Team 945,978,754 Share Price Total number of Shares 0.00 122.50 12.95%…
Section 4 Efficient Capital Utilization 9
Hibiscus Strategy Building a robust and balanced portfolio EXPLORATION DEVELOPMENT PRODUCTION Sharjah VIC/P57; VIC/L31; Anasuria Cluster3 Offshore Sea Lion West Seahorse RAK Onshore Block 50 18 Licenses2 Block 21 in Norway…
Asset Base and Company Structure Balanced investment and risk profile HIBISCUS PETROLEUM BERHAD (Listed on Bursa Malaysia) UNITED AUSTRALIA EGYPT OMAN UAE NORWAY KINGDOM Anasuria VIC/L31; Sharjah Block 21 Block 50 18 Licenses…
Key Focus Areas Working towards our mission: 100 mmbbls 2P/2C Reserves Q1 10,000 bbls/day of production 2017 Australia and United Kingdom are core assets Oman has exploration potential Q1 2016 Q1 2016 FID West Drill 1 First…
Section 5 Assets: Exploration Potential with Production Core Assets: United Kingdom Australia Other Assets: Middle East and North Africa (MENA) Norway 14
Asset Base and Work Program Production United Kingdom - Anasuria Cluster 50% stake Subject to Completion of transaction Development Australia - VIC/L31 (West Seahorse) 100% stake Q2 2017 First oil (Pending results of Sea Lion)…
Section 4 Assets: Exploration Potential with Production Core Assets: United Kingdom Australia Other Assets: Middle East and Africa (MENA) Norway 16
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 Exploration Development Production Total Purchase Consideration Stage Consideration (Hibiscus Share) Est. Timing USD 105m (USD 52.5m Hibiscus share) SPA…
Anasuria Cluster, UK A common infrastructure for all producing wells and future development Exploration Development Production Cook Field Anasuria FPSO Kite Discovery Teal Field Guillemot A 40.4 MMstb Field Teal South…
Anasuria Cluster, UK Merits of the transaction Exploration Development Production Significance of the Anasuria Cluster upon completion of the transaction The achievement of a milestone in our Portfolio FIRST PRODUCING ASSET…
Anasuria Cluster, UK Ownership of the Anasuria FPSO and existing infrastructure Exploration Development Production 200 people* are currently working on the day to day operations Plan to maintain existing contractors/crew to…
Section 5 Assets: Exploration Potential with Production Core Assets: United Kingdom Australia Other Assets: Middle East and North Africa (MENA) Norway 22
Exploration and Development in the Bass Straits, Australia Fast-tracked execution of marginal field development Exploration Development Production The Sea Lion exploration drilling program will deliver outsized returns to the West…
VIC/P57 Sea Lion Exploration Prospect Elevating Opportunities Exploration Development Production Phase 1: Acquisition Date: January 2013 Water Depth/Size: Up to 150m/460km2 Participating Interest: 55.1% (Concession Operator)…
VIC/L31 West Seahorse Field Our first field development Exploration Development Production Phase 2: Acquisition Date: January 2013 Participating Interest: 100% (Concession operator) Work Completed: Field Development Plan…
Section 4 Assets: Exploration Potential with Production Core Assets: United Kingdom Australia Other Assets: Middle East and North Africa (MENA) Norway 26
Exploration with Development Potential in the Gulf of Suez Block 2, Egypt Exploration Development Production Block 2, Egypt Asset Name: Block 2 South East Ras El Ush Asset Type: Offshore Exploration (with one discovered field West…
Block 2, Egypt Extracting Value From Egypts Most Prolific Basin Exploration Development Production Successfully awarded a concession which includes a discovered oil accumulation in one of Egypts most prolific basins. 1P Reserves1:…
Exploration in the Middle East Diverse exploration assets - high impact acreage Exploration Development Production The Middle East assets are HIGH IMPACT exploration assets Hibiscus led the drilling operations that resulted in…
Block 50, Oman Extracting Value From Our Discovery Exploration Development Production Block 50, Oman Asset Name: Oman Block 50 Asset Type: Development Country: Oman Project Manager: Hibiscus Effective Date: August 2011…
Section 4 Assets: Exploration Potential with Production Core Assets: United Kingdom Australia Other Assets: Middle East and North Africa (MENA) Norway 31
Exploration in Norway Diverse Profile of Exploration Assets Managing Risks Exploration Development Production Norway licenses are located in a PROVEN oil basin We have exposure to 18 LICENSES* in Norway via (non-operated)…
Norway Diverse Profile of Exploration Assets Managing Risks Exploration Development Production PL338C PL591 PL616 PL708 PL544 Lime Norway Exposure to 18 30% 25% 15% 10% 30% Stake* concessions in Tullow Oil Lundin Norway Lundin…
Current and Planned Drilling Activities Prospect/ Well 2015 2016 2017 Location Comments License Type J F M A M J J A S O N D Sea Lion EXP O (VIC/P57) Australia Value engineering to reduce West Seahorse (VIC/L31) DEV O…
What Differentiates Us Experienced board and management team Diverse portfolio of assets (type of fields, geographical location, risk, rate of return) to ensure business sustainability Focused on being aligned to the best…
Plan For Success Value creation via plan for success and streamlining processes PLANNING Large Operators have internal processes that prevent such an approach FOR Small Operators have the ability to control their own destiny but…
Appendix 38
Definition of Reserves and Resources Range of Certainty Low High Low Undiscovered - Discovered Discovered Prospective Resources Contingent Resources Reserves Range of Certainty High Estimate 3C 3P Best Estimate 2C…
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