KrisEnergy Ltd. First-Half 2014 Financial & Operational Update 15 August 2014 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…
Portfolio Expansion Since FY2013
December 2013 7,075 boepd, 15 Contract Areas, Operator of 81 1 Includes G6/48 and Block 9 for which transactions are pending approval of the host government www.krisenergy.com 2014 KrisEnergy Limited 3
August 2014 8,000 boepd, 19 Contract Areas, Operator of 121 1 Includes Block A Aceh and Cambodia Block A for which transactions are pending approval of the host government www.krisenergy.com 2014 KrisEnergy Limited 4
December 2013 KrisEnergy Portfolio Oil Gas *Oil & Gas PROSPECTIVE RESOURCES RESERVES DEVELOPED DEVELOPMENT UNCLARIFIED DEVELOPMENT PENDING & UNDEVELOPED (PROSPECTS & LEADS) B8/32 G10/48 Cambodia Bulu G11/48 (Niramai) Block A…
August 2014 KrisEnergy Portfolio Oil Gas *Oil & Gas PROSPECTIVE RESOURCES RESERVES DEVELOPED DEVELOPMENT UNCLARIFIED DEVELOPMENT PENDING & UNDEVELOPED (PROSPECTS & LEADS) B8/32 G10/48 G10/48 G11/48 Cambodia (Niramai) Block A1…
Portfolio Life Cycle December 2013 1 1 1 Transaction is pending approval of the host government August 2014 1 1 2 3 3 1 KrisEnergys working interest will rise to 33.33% once government approval is received for…
Growth in 1H2014
Increase in Production Volumes, Reserves and Resources Between December 2013 and August 2014, production has increased 174% while pro forma best estimate contingent (2C) resources have increased by more than 230% Production 2P Reserves…
1H2014 Financial Review 48 17 25 109.20 16.7 20.9 43.5 109.00 16.5 20 44 108.81 US mm US mm US mm US/bbl 15.6 108.80 16 15 40 108.60 15.5 108.46 15.5 10 36.8 108.40 36 15 5 108.20 32 14.5 0 108.00 1…
Balance Sheet Management Prudent and disciplined balance sheet management Assets Debt Facilities From 31 December 2013 Redeemed US120 mm 10.5% to 30 June 2014, Senior Secured and Guaranteed Near-term 2C to 2P exploration & evaluation…
FY2014 CAPEX Guidance as of February 2014 KrisEnergys Share FY2013 Expenditure FY2014 Planned Expenditure1 Exploration and Appraisal Expenditure 64.61 125.85 Development Expenditure 14.43 70.28 Total (US mm)2 78.95 196.13…
FY2014 CAPEX Guidance as of August 2014 KrisEnergys Share FY2014 Planned Expenditure1 Exploration and Appraisal Expenditure 67.89 Development Expenditure 129.02 Total (US mm)2 196.91 BANGLADESH Provisional Work Complete phase 3…
Growing a Core Area in the Gulf of Thailand
KrisEnergy: Strategy & Portfolio Our portfolio strategy is to build core areas with assets across the E&P life cycle Gulf of Thailand www.krisenergy.com 2014 KrisEnergy Limited 15
Gulf of Thailand: Significant Growth Opportunities Core growth area with assets in all stages of E&P life cycle Five licences in Thai waters, operator of G10/48 and G6/48 B8/32 & B9A oil and gas production G10/48 and G11/48 oil…
Gulf of Thailand: Supportive Fundamentals 2P 2C Production/ Licence Working Development Development Sq km Operator Reserves Resources Near Exploration Area Interest (%) Pending Unclarified (mmboe)1 (mmboe)2 production B8/32 & B9A…
Gulf of Thailand 2P Reserves & 2C Resources Thailand accounts for 50% of KrisEnergys working interest 2P reserves, while both Thailand and Cambodia account for more than 20% of KrisEnergys total working interest 2P reserves and 2C…
Production
B8/32 & B9A: Production & Ongoing Development Area comprises several fields Chaba, Benchamas, Tantawan, Maliwan, North Jarmjuree and Rajpruek Gross cumulative production since 1997 398.3 mmboe1 Remaining working interest 2P…
B8/32 & B9A: Steady Production, Robust Sales Prices Production History Production Split in 1H2014 1,600 1,400 1,200 1,000 40% 1H2014 Oil and liquids boepd Oil & liquids WI production 800 Gas 2,414 boepd Gas 60% 600…
Development
Gulf of Thailand Development G10/48, G11/48 and Cambodia Block A1 are shallow water blocks with equivalent development concepts as producing fields to the north G10/48: Working interest 2C resources 19.62 mmbo Initial Wassana…
G10/48: Multiple Discoveries, Exploration Upside Acquired a 25% working interest in G10/48 in 2009, remaining 75% with operatorship in May 2014 Shallow water block with oil discoveries Wassana, Niramai and Mayura Initial…
G10/48: Wassana Development, Contracts for Rig and MOPU Immediate demonstration of development progress Development concept using MOPU and FSO: flexible design to manage potential future expansion Production Area Application…
G11/48: Development Underway, Near-term Production Acquired 25% working interest in G11/48 in 2009, farmed down to 22.5% under Thai participant requirement in 2014 Shallow water block with Nong Yao and Angun oil discoveries and…
Cambodia Block A1: Development, Big Potential Upside Acquired entire issued and paid-up share capital of Chevron Overseas Petroleum (Cambodia) Limited, which holds operatorship and 30% working interest in Cambodia Block A in August…
Appraisal
G6/48: Appraisal of Rossukon oil discovery KrisEnergy approved as operator in May 2014 with 30% working interest Shallow water approximately 60 metres Extensive 2D and 3D seismic coverage, additional 270 sq km 3D seismic data…
High-impact Exploration in West Papua
Udan Emas PSC: Remote Location, High Gas Potential Udan Emas PSC Status: Exploration Area: 5,396 sq. km Location: Onshore West Papua over the Bintuni Basin Partners: KrisEnergy 100% (Operator) Geology: Source: Permian-Jurassic…
Herculean Tasks, Herculean Efforts Remote, rough terrain and diverse, indigenous people www.krisenergy.com 2014 KrisEnergy Limited 32
Appendix
Production: Thailand B8/32 & B9A Status: Production, development and exploration Area: 2,072 sq. km Location: Gulf of Thailand over the northern Pattani Basin Water depths: 42 to 113 metres Gross cumulative production up to 31…
Development: Thailand G10/48 Status: Development pending and exploration Area: 4,696 sq. km Location: Gulf of Thailand over southern margin of the Pattini Basin Water depths: Up to 60 metres Working interest 2C resources: 19.6…
Development: Thailand G11/48 Status: Development and exploration Area: 3,374 sq. km Location: Gulf of Thailand over southern margin of Pattini Basin and northwest margin of Malay Basin Water depths: Up to 75 metres Working interest…
Development: Thailand G6/48 Status: Development pending and exploration Area: 566 sq. km Location: Gulf of Thailand over the Karawake Basin on the western margin of the Pattani Basin Water depths: 60 to 70 metres Working interest 2C…
Development: Cambodia Block A1 Status: Development pending and exploration Area: 4,709 sq. km Location: Khmer Basin, Gulf of Thailand Water depths: 50 to 80 metres Working interest 2C resources: 5.4 mmboe2 Partners: KrisEnergy…
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