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2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc.

Ivanhoe Energy, Inc. · Jan 13, 2014 · 25 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. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 1
    A New Look At Heavy Oil Carlos A. Cabrera TD Securities London Energy Conference January 13, 2014 2013 Ivanhoe Energy All rights reserved
  2. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 2
    Ivanhoe Energy Presentation 3
  3. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 3
    Proprietary Heavy Oil Upgrading Process Heavy-to-Light (HTLTM) Ivanhoe Presentation Ivanhoe Energy Energy Presentation 4
  4. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 4
    Crude Oil Demand & Supply Historic and Projected Global Crude Oil Demand Total Global Forecasted Growth Crude Demand 89 MMbbls/d 90,000 Brazil Offshore Deepwater Tight Oil Outside of North America 80,000 Tight Oil from North…
  5. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 5
    Heavy Crude Oil Demand & Supply Historic and Projected Global Crude Oil Demand 16,000 14,000 7 million bpd of new heavy oil 12,000 development needed to satisfy future thousand barrels per day 10,000 demand Heavy Oil…
  6. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 6
    Sources of Heavy Crude Oil Constrained by production technology or cost limits: 1.0 trillion bbls In politically or geographically unfavorable locations: 0.4 trillion bbls Higher quality heavy oil which is more easily…
  7. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 7
    HTL Heavy Crude Opportunities: Target Resources by Region Denotes total resource potential for HTL application Countries whose economic returns on planned growth can be enhanced using HTL Countries whose stranded resources can be…
  8. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 8
    Economic Challenges Facing the Traditional Heavy Oil Supply Chain Heavy Oil Production Costs Blending and Transportation Market Value of 20 API Blend Large energy requirement to Diluent value losses Blend sells at a significant…
  9. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 9
    A Paradigm Shift for Upgrading Heavy Oil Upgrading Today Upgrading Tomorrow Ivanhoe Energy Presentation 10
  10. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 10
    HTL: a Partial Upgrading Process Low Capital Modular Selectively & Operating Constructability convert oil Cost residue to lighter product Reduce Thermal viscosity; High Yield no diluent conversion Low of High required for No…
  11. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 11
    Partial Upgrading vs Full Upgrading Lower Cost HTL costs are significantly less than those of traditional upgrading 180,000 160,000 140,000 Western Canada / bbl capacity, 120,000 cost basis 100,000 Delayed Coking…
  12. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 12
    Comparing HTL SCO quality against other crudes Increasing Market Value 72/bbl 86/bbl 95/bbl 94-98/bbl 100/bbl 102/bbl Crude Oil Fractions, volume % 100 Naphtha 90 Kerosene 80 70 Distillate 60 50 40 VGO 30 20 10 Resid…
  13. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 13
    Net Return per barrel: HTL versus traditional supply chain 84.00 (13.15) Traditional * Diluent (11.50) Value Loss Shipping Netback (16/bbl Cost (15.00)* (6.15) discount to Production Brent) Opex Cost Energy 38.20 Cost…
  14. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 14
    Commercializing HTL: Business Models Field Integrated Model eg. Tamarack, Block 20 Midstream Model Projects in development Ivanhoe Energy Presentation 15
  15. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 15
    The Oil Sands IvanhoePresentation Ivanhoe Energy Energy Presentation 16 16
  16. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 16
    Tamarack Project 100% working interest 7,520 acre lease Recoverable Potential - 520 MMBO valued at 1.8 billion 2P Reserves 175.7 mmbbls* PV10% (before tax) 897 million* Top tier reservoir quality using SAGD In December the…
  17. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 17
    Tamarack: Reserves & Resources Summary (GLJ December 31, 2012) Reserve Summary 600 PV 10 before Tax (US MM) 520.7 500 440.6 Recoverable (MMbbl) 400 345.0 300 Probable 885 897 175.7 Contingent (P50) 200 Possible…
  18. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 18
    International Oil Development - Ecuador IvanhoePresentation Ivanhoe Energy Energy Presentation 19 19
  19. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 19
    Ecuador: Block 20 Discovered in the 1980s, Block 20 encompasses 272,500 acres Close proximity to the Andes means geologic faulting is prevalent. The potential to discover commercial quantities of oil within the Block is high.…
  20. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 20
    Ecuador: Block 20 Ivanhoe currently holds a 30 year Specific Services Contract with the Ecuadorian Government Contracted to develop the heavy oil using HTL with an additional right to produce discovered light oil Contract service…
  21. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 21
    Ivanhoe Energy Liquidity Cash balance at September 30, 2013: 35 million Divested non-core assets in China in December 2012, total proceeds of 150 million Retired short-term debt and funded 2013 capex program Ivanhoe is on a…
  22. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 22
    The Future is Bright for Ivanhoe Energy Filling the supply gap of crude oil demands fresh, innovative approaches to improve efficiencies in production, transportation and conversion. Ivanhoe Energy Presentation 23 Ivanhoe Energy…
  23. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 23
    Appendix IvanhoePresentation Ivanhoe Energy Energy Presentation 24 24
  24. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 24
    Financial Summary at January 9, 2014 Stock Exchange Listings: TSX (IE) & NASDAQ (IVAN) Shares Outstanding: 115 million Fully Diluted 131 million Market Capitalization Cdn74.6 million Enterprise Value Cdn110.1 million Net…
  25. 2014 TD SECURITIES LONDON ENERGY CONFERENCE – Ivanhoe Energy, Inc. – slide 25
    Projected Heavy Crude Production Rates (thousands of barrels per day) 4,500 thousands of barrels per day 4,000 3,500 3,000 2,500 2014 2030 2,000 1,500 1,000 500 0 HTL could prevent production HTL can improve economic…

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