KrisEnergy Ltd. Shareholders Forum 27 February 2015 The initial public offering of the Company was sponsored by CLSA Singapore Pte Ltd and Merrill Lynch (Singapore) Pte Ltd. (the Joint Issue Managers, Global Coordinators, Bookrunners…
2014 Reserves & Resources Review and Financial Results
Solid Increase in Reserves & Resources Proved plus probable (2P) reserves rose 120% and best estimate contingent (2C) resources increased by more than 154% 2P Reserves & 2C Resources 1 2014 2P Reserves & 2C Resources Oil to Gas Ratio…
Increased Production Average working interest production increased 161% in 2014 Annual Production Profile 2014 Production Breakdown Oil & boepd Liquids, 8,000 1,396 mmbo, 18% 6,000 Gas, 6,215 mmboe, 4,000 82% 2014 Revenue…
2014 Financial Review 76 20 35 16 15.14 74.9 19.2 12 US/boe US mm US mm US mm 72 18 30.5 69.1 30 8 6.91 16.1 28.2 68 16 4 64 14 25 0 1 Revenue Operating Expenditure EBITDAX Average Lifting Cost 2013 2014…
Results from Operations On Target for Continued Growth Net Income / loss after tax KrisEnergy a fast growth E&P company Primary measures of performance include: production, revenue, EBITDAX and reserves growth Net income/loss is…
Ongoing Balance Sheet Management Prudent and disciplined balance sheet management Assets Debt In 2014, exploration and Redeemed US120 mm 10.5% Senior evaluation assets, and oil and Secured Guaranteed Bonds due July 2016 gas…
Capital Expenditure KrisEnergys Share 2015 Planned Expenditure 2014 Expenditure Exploration and Appraisal Expenditure 209.8 82.5 Development Expenditure 25.5 24.5 Others1 34.0 66.2 Total (US mm) 269.42 173.2 BANGLADESH Provisional…
Evaluating E&P Companies Market participants need information There is a difference between market value and intrinsic value Traditional Valuation Metrics E&P Valuation Metrics Market Capitalisation Market Capitalisation…
2015 - Analyst Coverage Bank Macquarie Canaccord ofUOB Credit America CLSA KaySuisse Research Genuity Hian Merrill Lynch 13 19 21 26 529January January January2015 2015 2015 Target TargetPrice PriceS0.75…
Portfolio and Capital Structure
Our Portfolio Rigorously selected based on in-depth knowledge of geology and complexities of regional basins A. Gulf of Thailand B8/32 & B9A 4.6345% B G6/48 30% (Op) G10/48 100% (Op) G G11/48 22.5% Cambodia Block A 55% (Op) A…
Portfolio Building Across the E&P Life Cycle 2013 Oil Gas Oil & Gas PROSPECTIVE RESOURCES RESERVES DEVELOPED DEVELOPMENT UNCLARIFIED DEVELOPMENT PENDING (PROSPECTS & LEADS) & UNDEVELOPED LEAST MATURE ASSETS MOST MATURE ASSETS…
Portfolio Building Across the E&P Life Cycle 2014 Oil Gas Oil & Gas PROSPECTIVE RESOURCES RESERVES DEVELOPED DEVELOPMENT UNCLARIFIED DEVELOPMENT PENDING (PROSPECTS & LEADS) & UNDEVELOPED LEAST MATURE ASSETS MOST MATURE ASSETS…
Focus on Fast-Tracked Development
Gulf of Thailand Nong Yao, G11/48 First oil from Nong Yao on target for mid-2015 Two-platform development and floating storage offloading vessel (FSO), 19 development wells Production capacity up to 15,000 bopd As at February 2015,…
Gulf of Thailand Wassana, G10/48 Acquired a 25% working interest in G10/48 in 2009; took over remaining 75% and operatorship in May 2014 Farmed-out to Palang Sophon Limited in February 2015; KrisEnergys effective working interest…
Offshore East Java Lengo, Bulu PSC Lengo gas accumulation in Bulu Area A discovered in 2008 by Lengo-1 exploration well Lengo-2 appraisal well delineated discovery in 2013 and confirmed commercial viability for development Indonesian…
Onshore Sumatra Block A Aceh Acquired 41.6666% non-operated working interest in January 2015 Alur Rambong, Alur Siwah and Julu Rayeu gas condensate discoveries approved for development in 2007 Sweet gas from Alur Rambong to come on…
Gulf of Thailand Apsara, Cambodia Block A Acquired 25% working interest in Block A in 2010, acquired additional 30% working interest and took over operatorship in October 2014 KrisEnergys combined working interest will reduce from…
Exploration Upside
2014 Seismic Activity 2014 February East Muriah 1,300 km 2D seismic March Tanjung Aru 502 sq. km 3D broadband seismic September Sakti 1,200 2D seismic and 400 sq. km 3D seismic December SS-11 3,146 km 2D seismic 3D seismic over…
West Papua, Udan Emas Seismic Program KrisEnergy holds 100% operated working interest Large exploration block 5,396 sq. km onshore West Papua over Bintuni Basin Multi-TCF gas discoveries to the North Commenced 300 km 2D seismic…
Udan Emas: 300 km 2D Seismic Acquisition Status PROGRESS MAP 24 Feb 2015 Recording 61 km (20%) Drilling 180 km (60%) Bridging 173 km (92% - land only) 2015 KrisEnergy Limited
Shot Hole Drilling & Loading 25m hole every 50m for 300km 150,000m total depth Catamaran Drilling Crews Jacro rig for hard limestone Loading 3kg dynamite Air compressor Power Rig www.krisenergy.com 2015 KrisEnergy Limited 26
Recording Geophones The labo (recording shack) A quiet line A planted geophone Six seconds of vibrations from each shot are recorded by 8,640 geophones spread across 6 km on either side of the shot point…
Over 1 million man-hours without a lost time Labour injury (LTI) after 254 days on site 1,342 personnel from all provinces of Indonesia www.krisenergy.com 2015 KrisEnergy Limited 28
Environment, Health, Safety & Security (EHSS) Pilot Medevac drill Daily toolbox meeting Labourer Parang training Water containers and filters Ambulance boat First aid training under doctors Clinic Fire safety…
Community Repaired and extended Jetty English lessons Fishing Villages Compensation (32) Traditional Sinaras (2) Land Lease Payments Weekly Markets at Base Camp Childrens Days (13) www.krisenergy.com 2015 KrisEnergy…
Line 14-01 Initial Section from the Field Lead 1 Jurassic sandstone objective Lead 2 www.krisenergy.com 2015 KrisEnergy Limited 31
Comparison of 2015 and 1974 Seismic Lines Initial 2015 Final 1974 www.krisenergy.com 2015 KrisEnergy Limited 32
Environment, Health, Safety & Security
EHSS We are committed to upholding strong environmental, health, safety and security culture which we believe is essential to long-term shareholder value given the inherent risks of E&P operations Singapore office received OHSAS 18001…
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