Operations Production Contingent Resource Exploration Niko is engaged in production, development and exploration of natural gas and oil in India, Bangladesh, Indonesia, Trinidad, Kurdistan, Madagascar, and Pakistan 2
D6 Block India British Petroleum comments on D6: To date we have booked only the remaining proved and developed reserves in the KG-D6 producing fields and all partners now share a comparable technical view of these existing fields…
D6 areas contingent resources MA 4
NEC-25 conceptual development 5
Trinidad Block 5(c) conceptual development 6
Production forecast (1) Each year includes the last 9 months of the year indicated plus the first 3 months of the following year 7
Total gross resources (Bcfe) Gross 1P reserves Gross 2P reserves Potential to increase 2P reserves by 160% upon booking of contingent resources 8
Niko Indonesia exploration strategy 22 PSCs 7 JSAs in progress 30MM gross acres 9
Innovative Sea Seep Technology Seep Creates science advantage 1,000,000 km2 multibeam program completed Brazil program underway 10
Hydrocarbon seepage supports chemosynthetic communities on the seafloor, which increases the backscatter. With high resolution multibeam, we can identify potential seep targets on the seafloor.
Ocean Monarch 12
Ocean Monarch 13
Ocean Monarch 14
Lhokseumawe Adjacent to Arun 20 TCF Candralila and Ratnadewi did not reach target depth Jayarani First deep water Jayarani in North Serabi October 2012 with Ocean Monarch Arun LNG Candralila-1 Ratnadewi ARUN…
Deep water drilling program Initial deepwater drilling will target deeper Miocene/Oligocene carbonate targets 16
Shallow Water Drilling Program Lhokseumawe Candralila-1 & Ratnadewi 1 Amplitude recognized anomaly 13 meter water depth Tested Gas Planning in progress for follow-up location 17
Lhokseumawe PSC 18
Kofiau PSC 19
Kofiau Ajek prospect Anticlinal Closure 20
Kofiau PSC Calon Prospect Economic Overview 432 mmbbl 130 mbbl/d 1st Oil 2017 NAV 2.75 billion or 53.33/share 21
North Ganal PSC LOCATION MAP NORTH GANAL PSC Lebah 1 22
North Ganal Lebah Pliocene Prospect Katak Biru1 ENI Discovery North Ganal PSC Lebah 1 Maura Bakau PSC Jangkrik/NE Stacked slope sands; strat traps 6 successes in 6 wells All wells with multiple pay zones 400MMBOE of…
West Papua PSC Cikar-1 Denai-1 Omah-1 Sandi-1 Untung-1 PROSPECT MAP WEST PAPUA IV PSC 24
Trinidad 8 Blocks, 9 PSCs NCMA 2 covering 2.5 million acres Development Plan Block 5(c) submitted NCMA 3 Block 2(ab) Maestro 1 Block 4(b) Central Range M/G Block Block 5(c) Guayaguayare 27
Maestro-1 seismic structure 28
Blocks NCMA2 & NCMA3 29
NCMA-2 Miocene + Eocene Gas Play Economic Overview 70% Niko Interest 5.48 tcf 1 bcf/d 1st Gas 2019 NAV 2.42 billion or 46.92/share 30
Guayaguayare block 31
Guayaguayare Cretaceous Oil Play Economic Overview 100% Niko Interest 250 mmbo NAV 1.53 billion or 29.62/share 32
India Block D6 MJ1 33
F2013/F2014 Guidance Sales Volumes (Mcfe/d) F2013 F2014 Oil & Condensate (bbls/d) 1,220 800 Gas Production (Mcf/d) 168,000 144,000 Total Production (Mcfe/d) 175,000 149,000 34
Operating Cash Flow Sensitivities Sales Volumes (Mcfe/d) F2013 F2014 Operating Cash Flow 177 139 (million)* Brent at 100 and RIL gas 430 312 price formula * Revenue less royalties less profit petroleum less operating costs 35
Liquidity Current Fiscal Year MMs Cash at June 30, 2012 50 Projected funds from operations for remainder of year 110 Projected capital spending for remainder of year (152) C310 MM of Convertible Debentures Mature December 30, 2012…
Conclusion The right team Solid balance sheet Available bank facility Near term production growth from additional discoveries already made at D6, NEC25 and 5c Exploration potential on 50 million gross acres Up to 50 High…