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Global Hunter Energy Conference – Harvest Operations Corp.

Harvest Operations Corp. · Jun 25, 2014 · 17 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Global Hunter Energy Conference – Harvest Operations Corp. – slide 1
    Global Hunter Energy Conference June 25, 2014
  2. Global Hunter Energy Conference – Harvest Operations Corp. – slide 2
    About Harvest Market Data Exchange/Ticker NYSE: HNR Market Capitalization * 215 MM Enterprise Value * 197 MM Cash (03/31/2014) 17.6 MM Debt (03/31/2014) 0 MM Shares Outstanding 42.1 MM Institutional Ownership 72.5% * As of…
  3. Global Hunter Energy Conference – Harvest Operations Corp. – slide 3
    Highlights Venezuela continues strong production growth Up 11% in 2013 Current production 45,000 bopd, up 13% vs. 2013 average Venezuela sale pending government approval Estimated 220 million net proceeds after tax and other…
  4. Global Hunter Energy Conference – Harvest Operations Corp. – slide 4
    Venezuela Petrodelta 20.4% Equity Interest in Petrodelta Six fields, 9.9 billion barrels of gross oil-in-place Growth underway Current production rate of 45,000 bopd Successful development program ongoing in Temblador, Isleo…
  5. Global Hunter Energy Conference – Harvest Operations Corp. – slide 5
    Gabon Dussafu Block HNR DUSSAFU BLOCK GAMBA PROSPECTS/LEADS 680,000 acre PSC, Offshore Gabon Lucina OTHER PROSPECTS/LEADS OIL FIELDS Harvest 66.667% operated interest GAS DISCOVERY 3rd Exploration Period Etame Extends to May…
  6. Global Hunter Energy Conference – Harvest Operations Corp. – slide 6
    Cluster Development of Oil Discoveries Contingent Resources Report 1C: 17.0 mmbo gross Moubenga 2C: 36.3 mmbo gross Walt 3C: 70.6 mmbo gross Whitman Work-In-Progress Subsurface engineering Project and facilities engineering…
  7. Global Hunter Energy Conference – Harvest Operations Corp. – slide 7
    2009 CGGV Reprocessing of 1994 3D Hibiscus Ruche Tortue HIBM-1 DRM-1/ST2 DTM-1/ST1 Salt Gamba Dentale Poor image under salt Mobile Shale 2009 CGGV Reprocessing of 1994 3D reveals Dentale stratigraphy - discoveries…
  8. Global Hunter Energy Conference – Harvest Operations Corp. – slide 8
    2013 Outboard 3D PSTM Preliminary Hibiscus Ruche Tortue HIBM-1 DRM-1/ST2 DTM-1/ST1 Salt Gamba Dentale Noise and multiples Mobile Shale removed Improved image Final data may show further extension of Ruche under…
  9. Global Hunter Energy Conference – Harvest Operations Corp. – slide 9
    Dussafu Prospects 2009 Ruche Tortue 2009 Seismic Reprocessing Improved imaging and velocity model vs 1994 Improved structural interpretation Resulted in Ruche and Tortue discoveries NYSE: HNR www.harvestnr.com 10
  10. Global Hunter Energy Conference – Harvest Operations Corp. – slide 10
    Dussafu Prospects 2013 45-63 MMBO 15-21 MMBO Lead identified Ruche 27-68 34-48 on new 3D MMBO MMBO Tortue 2013 Seismic Reprocessing Improved imaging and velocity model Further improved structural interpretation…
  11. Global Hunter Energy Conference – Harvest Operations Corp. – slide 11
    Potential Tie-In NE of Tortue A 3 km B 3 km Salt Salt Dentale Dentale Mobile Shale Mobile Shale Tortue Gamba New Lead A Structure recognized on B new 3D based on improved imaging Dentale Existing Prospects 5 km…
  12. Global Hunter Energy Conference – Harvest Operations Corp. – slide 12
    Dussafu Outboard Leads New 3D shot in 4Q 2013 Outboard Leads Based on 2D Preliminary PSTM 3D data received Tortue Confirms presence of Dentale leads 200-500 Syn-rift prospectivity revealed MMBO below Dentale 50-100 Final 3D…
  13. Global Hunter Energy Conference – Harvest Operations Corp. – slide 13
    New Plays Confirmed by New 2013 3D Structural cross-section across Dussafu Syn-rift Fault Blocks NYSE: HNR www.harvestnr.com 14
  14. Global Hunter Energy Conference – Harvest Operations Corp. – slide 14
    2013 Outboard 3D Dip Line PSTM Prospectivity in Dentale folds and Syn-rift blocks Tortue/Ruche 10 km Salt Dentale Syn-rift Fault Blocks 1994 3D Coverage Limit NYSE: HNR www.harvestnr.com 15
  15. Global Hunter Energy Conference – Harvest Operations Corp. – slide 15
    Example Outboard Leads (3D PSTM) Strike Line View Lead 1 Lead 2 Salt Dentale Mobile Shale 15 km NYSE: HNR www.harvestnr.com 16
  16. Global Hunter Energy Conference – Harvest Operations Corp. – slide 16
    Example Outboard Leads (3D PSTM) Dip Line View Lead 1 Lead 2 Salt Salt Dentale Dentale Mobile Shale Mobile Shale 4 km 4 km NYSE: HNR www.harvestnr.com 17
  17. Global Hunter Energy Conference – Harvest Operations Corp. – slide 17
    Why Invest in Harvest Catalyst-Rich in Near Term and Beyond Debt-free Currently trading at less than the net proceeds expected from the sale of Venezuela business Gabon Dussafu block provides solid value and compelling upside…

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