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Corporate Presentation – Iona Energy Inc.

Iona Energy Inc. · Jun 30, 2014 · 20 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. Corporate Presentation – Iona Energy Inc. – slide 1
    Corporate Presentation June 2014
  2. Corporate Presentation – Iona Energy Inc. – slide 2
    Introduction to Iona Energy Inc. Canadian corporation listed on TSX Venture Exchange (TSX-V:INA) with operational headquarters in Aberdeen Pure play UK development and production focused company Huntington gross production has shown…
  3. Corporate Presentation – Iona Energy Inc. – slide 3
    Introduction to Iona Energy Inc. Corporate Profile Common shares outstanding (1) 367 million Fully diluted shares outstanding (1) 395 million 52-week price range (1) 0.47/share - 0.68/share Management holdings (fully diluted) 9.2%…
  4. Corporate Presentation – Iona Energy Inc. – slide 4
    Production delivery capacity AVERAGE ANNUALIZED KBOE/DAY Huntington reached full 30 Huntington 2P capacity during early Trent & Tyne 2P September 13 25 T1z Sidetrack 75% CoS 2P Trent East 66% CoS 2C Long-term gas production…
  5. Corporate Presentation – Iona Energy Inc. – slide 5
    Large certified reserve and resource base (1) 160 1P 2P 2P BTAX 2P ATAX 140 Reserves - Dec 31 2013 (2) MMboe MMboe NPV10 (USD) NPV10 (N) (USD) 120 Huntington (15% non-op) 3.5(3) 4.6(3) 305.2(3) 188.4(3) 100 Trent & Tyne (100% op)…
  6. Corporate Presentation – Iona Energy Inc. – slide 6
    Strong financial position Twelve months ended Dec. 31 Three months ended 2013 2012 Mar. 31 2014 Dec. 31 2013 Operational Crude oil (boepd) (1) 1,888 Nil 3,475 2,585 Natural Gas (boepd) 736 Nil 680 765 Total (boepd) 2,624 Nil 4,155…
  7. Corporate Presentation – Iona Energy Inc. – slide 7
    Huntington - field summary Huntington - License P.1114 CNS, Block 22/14b Iona working interest 15% (+ 2.55% DLE and royalty) (1) Partners E.ON (25%, op.), Premier (40%), Noreco (20%) 2P reserves Gross 29.2 MMboe; 25.5 MMbbl oil, 21.9…
  8. Corporate Presentation – Iona Energy Inc. – slide 8
    Huntington strong production with upside potential Positive results from the drilling campaign Development drilling results All four horizontal producers came in shallower than prognosis, encountering thicker than expected reservoir…
  9. Corporate Presentation – Iona Energy Inc. – slide 9
    Huntington deep - Jurassic and Triassic prospectivity Jurassic Fulmar and For0es Triassic Skagerrak and For0es FPSO FPSO Potential satellite development tie-backs to Voyageur FPSO Iona 15% and 100% WI, opportunity to…
  10. Corporate Presentation – Iona Energy Inc. – slide 10
    Trent & Tyne - field summary Trent & Tyne - License P609 & P685 SNS, Block 44/18 100% Operator Fields & Pipelines Iona working interest (conditional on closing) 2P reserves(GCA 2013) Net to Iona: 46.7 Bcf (7.8 MMboe) Production…
  11. Corporate Presentation – Iona Energy Inc. – slide 11
    Trent & Tyne - strategic hub in the Southern Gas Basin Trent & Tyne are two normally unmanned installations Lightweight jackets with low decommissioning exposure Tyne has 5 production wells 2 offline, 4 spare slots Trent has 3…
  12. Corporate Presentation – Iona Energy Inc. – slide 12
    Trent & Tyne infill and extension opportunities (R) Near-term development opportunities Near-term development opportunities Tyne T1z Sidetrack: 22 Bcf 2P reserves (GCA 2013), 75% CoS Trent East Discovery: 40 Bcf 2C contingent…
  13. Corporate Presentation – Iona Energy Inc. – slide 13
    Trent & Tyne upside acquisition Iona acquired a 33.33% non-operated interest in Blocks 42/20a, 42/25b, 43/16, and 43/21c. These four blocks lie c.22Km northwest of the 100% Iona owned and operated Trent field, and immediately north…
  14. Corporate Presentation – Iona Energy Inc. – slide 14
    Ninian area Orlando field summary Orlando - License P.1606 NNS, Block 3/3b Iona working interest 75%, operator Partner Atlantic Petroleum (25%) Gross 15.4 MMbbl 2P reserves (GCA 2013) Net to Iona 11.5 MMbbl Expected production…
  15. Corporate Presentation – Iona Energy Inc. – slide 15
    Ninian Area Ronan & Oran Ronan & Oran (100% interest) Ronan & Oran are two oil discoveries located 14 km south of the NCP and 14 km south west of Kells Acquired through the 27th License Round 2C Contingent Resource of 49 MMbbl (R)…
  16. Corporate Presentation – Iona Energy Inc. – slide 16
    Ninian area Kells field summary Kells License P.1607 NNS, Block 3/8d Iona working interest 75%, operator Partner Atlantic Petroleum (25%) Gross 8.8 MMboe: 4.2 MMbbl oil, 27.5 Bcf gas 2P reserves(GCA 2013) Net to Iona 6.6 MMboe:…
  17. Corporate Presentation – Iona Energy Inc. – slide 17
    West Wick West Wick License P.185 CNS, Block 13/21a Iona working interest 58.73%, operator Partner Idemitsu (41.27%) Gross 16.5 MMbbl 2P reserves (GCA 2013) Net to Iona 9.7 MMbbl Possible production start 2017 Possible peak…
  18. Corporate Presentation – Iona Energy Inc. – slide 18
    Executive summary Development and production oriented 30 AVERAGE ANNUALIZED KBOE/DAY Huntington 2P company with numerous near-term 25 Trent & Tyne 2P T1z Sidetrack 75% CoS 2P development opportunities Trent East 66% CoS 2C Tyne…
  19. Corporate Presentation – Iona Energy Inc. – slide 19
    Summary of risk factors Iona's business is subject to numerous risk factors which may have a material effect upon its properties, results of operations and financial position. Please refer to the risk factors described in the Company's…
  20. Corporate Presentation – Iona Energy Inc. – slide 20
    Endnotes GCA means Gaffney Cline & Associates Ltd. GCA 2013 means the Company's reserves and net present value information prepared by GCA (using forecast prices and costs) effective as of December 31, 2013. N means the after-tax net…

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