Annual General Meeting Presentation September, 2013
Global Operations Production Development Exploration Niko is engaged in production, development and exploration of natural gas and oil in India, Bangladesh, Indonesia, Trinidad, and Madagascar 2
Improved Gas Pricing Policy 1 PAV Estimate India Gas Pricing Policy 150 15.00 CCEA2 approved new policy 125 12.50 Effective April 2014 Increase from 4.20/mmbtu to PAV Price (US/MMBTU GHV) 100 10.00 8.40/mmbtu Brent Crude (US/stb) 75…
India KG-D6 Block Large Resource & Production Base 2 tcf & 22 mmbbl produced to date Improved Netbacks New gas price policy estimated to double gas price High Quality Operatorship Reliance operated, BP partner with embedded JV…
India D1 D3 Field Reservoir Better Understood Four years of production history 2P estimated ultimate recoverable reserves unchanged from prior year Well work-overs commencing in FY 2014 to increase production Minimize water production…
India MA Field Deeper, condensate-rich, gas & oil field Four year production history Focused on optimizing oil recovery Entering gas and condensate exploitation phase MA-8 spud Sept 12 MA-6 and/or MA-7 horizontal sidetracks to…
India R Complex & Satellite Fields Reservoirs better defined than D1-D3 2 tcf recoverable gas* 16 well subsea tie back to existing Control Riser Platform Utilizes existing pipeline and onshore terminal capacity 4.5 billion total…
India MJ-1 Significant liquids-rich gas discovery Mesozoic sandstone reservoir geologically similar to MA potentially much larger Located 2,000 meters below the producing D1-D3 field and infrastructure MJ-A1 Drill stem test of…
Bangladesh Block 9 Bangora Field Recent workovers completed Production levels increased to over 65 mmscf/d (Niko interest) Compression on-stream by Dec 2013 Additional drilling locations 12
Indonesia - Exploration Program Excellent drilling performance ahead of schedule & under budget Demonstrated active hydrocarbon systems & quality reservoir at Makassar Strait (Lebah & Pananda), Kofiau (Ajek & Elit),…
Indonesia Ocean Monarch Rig Contract In discussion with multiple operators in Indonesia to sublet the Ocean Monarch Highly desirable rig & contractor Permitted under the tendering process Excellent drilling performance Day rate…
Trinidad Exploration NCMA-2 & 3 Multiple Pliocene and Miocene NCMA 2 & 3 NCMA 2 Prospect Map prospects Adjacent to existing gas fields and infrastructure Primrose-1 Proposed Primrose-1 location drill in last half of October…
Madagascar - Exploration Completed multi-beam survey & sea- bed coring Shot & interpreted 3,200 km2 3-D seismic survey Leveraged farm-out of 40% interest to OMV for recovery of costs and commitment to drill In discussions to…
Reserve Growth 2P Reserve Volumes (BCFE) 2P After-Tax NPV 10%* (US million) 1000 1400 900 1200 800 700 1000 600 800 500 600 400 300 400 200 200 100 0 0 2012 2013 2012 2013 * Estimated as at March 31, 2012 and 2013 by the by the…
Conclusion Focus on D6 Gas Price Increase Production Growth in D6 Major Discovery in D6 Maintain optionality on Balance of Exploration Portfolio 18
Corporate Information Edward Sampson Edward Sampson KPMG President & Chief Executive Officer Chairman Auditors William Hornaday William Hornaday Computershare Chief Operating Officer Director Transfer Agent, Note Trustee Glen Valk…
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